Altius Education, Inc., a San Francisco, CA-based provider of online higher education, has closed an $18.6m Series B funding round.
The investment was led by Charles River Ventures. It joins Maveron and Spark Capital.
Altius intends to use the new capital to continue the growth of its programs and expand the number of partnerships in its network. The company is planning to establish local partners in every state through a network it calls The Altius University System.
Altius partners with traditional universities to create an ecosystem designed to expand access to the traditional high-education. The company’s flagship service is Ivy Bridge College, a joint venture with Tiffin University, which offers online associate’s degree programs with direct access to more than 65 accredited four-year institutions.