Signal Vine, an Alexandria, VA-based enterprise text messaging platform used by higher education institutions to improve student retention and persistence, secured $2m in Series A funding.
The round was led by New Markets Venture Partners.
The funds raised will be used to accelerate product development in machine learning and platform analytics, as well as continued sales and marketing growth.
Led by CEO Brian Kathman, Signal Vine provide an enterprise text messaging platform to text students at scale. Organizations have scaled their texting programs across departments by integrating their data systems and leveraging features such as blended messaging, which allows organizations to send a combination of automated and manual messages in a single conversation thread.
The company serves more than 200 higher education organizations, including the Utah System of Higher Education, University of New Mexico, and Austin Community College.