CampusLogic, a Phoenix-based student financial services (SFS) platform, raised $55m in funding.
The round was led by JMI Equity. In conjunction with the funding, Peter Arrowsmith, General Partner at JMI Equity, and Krishna Potarazu Senior Director at JMI Equity, will join CampusLogic’s Board of Directors.
The company intends to use the funds to make investments across the company in product, customer success, sales and marketing and to explore strategic acquisitions.
Founded in 2011 led by Gregg Scoresby, CEO, CampusLogic provides student financial services software to nearly 500 colleges and universities. Its comprehensive software platform includes web-based guided financial aid forms, personalized multimedia award letters, a net price calculator, and rich analytics for the financial aid office.
The company recently announced the launch of ScholarshipUniverse, a software product developed in partnership with the University of Arizona designed to close student funding gaps, improve scholarship fund utilization and bring in outside funding.