The American Academy (http://www.nodropouts.com/), a Salt Lake City-based company that partners with school districts across the nation to recruit, enroll and educate children who cannot or will not attend school, has raised $6m in Series C financing.
The round was led by New Markets Venture Partners and co-founder Anthony Meyer, with participation from existing investors Austin Ventures and Signal Peak Ventures (formerly known as vSpring Capital).
The company intends to use the new capital to continue to expand and advance its NoDropouts program.
Established in 2007 by Meyer and President Gregg Rosann, The American Academy partners with school districts across the nation to locate and educate high school dropouts. Through its NoDropouts™ program, the company applies online learning with local community support and advocacy to help at-risk youth continue their education and lead productive lives. The American Academy also manages a private, accredited, online high school focused on credit recovery for students of all ages in nearly every state and eight countries.
In conjunction with the funding, Mark Grovic, co-founder and general partner at New Markets Venture Partners, has joined the company’s board of directors.
FinSMEs
27/07/2012