Vemo Education Raises $7.4M in Seed Funding

Vemo Education, a Vienna, Va.-based provider of solutions for postsecondary institutions to develop, launch, and implement income share agreements (ISAs), raised $7.4m in seed funding.

The round was led by University Ventures and NextGen Venture Partners, with participation from Route 66 Ventures, Third Kind Venture Capital, Haystack Partners, and Task Force X Capital.

The company intends to use the funds to hire new people, accelerate investment in the technology platform, and expand market development.

Led by Tonio DeSorrento, Founder and CEO, Vemo Education provides partners with colleges and universities to design and implement income share agreements (ISAs) which fund students’ college costs, and in exchange, students agree to pay a percentage of their future income for a set period of time, with no principal balance or interest.



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