Regent Education, a Frederick, Md.-based provider of automated financial aid management and enrollment optimization solutions for schools, completed an $8.5m round of funding.
Backers included both new and existing investors (Ares Capital Corporation, Chrysalis Ventures, New Markets Venture Partners), as well as select clients.
The company intends to use the funds to accelerate product development across its suite of financial aid automation products, strengthen implementation services, and invest in innovation and growth.
Led by Jim Hermens, CEO, Regent Education provides Regent 8, which automates financial aid management for all enrollment models, including term-based, non-term, self-paced, and competency-based education. Regent also offers a variety of other solutions for institutions to attract more students and manage the onboarding and administration of them more efficiently. These products are all delivered via a software-as-a-service model that integrates with other systems used by institutions to manage their students.