Noodle Partners, a NYC-based company that creates online and hybrid programs while improving traditional classroom models, raised $16m in Series B funding.
The round was led by ValueAct Spring Fund, followed by the Lumina Foundation and existing investors.
The company, which has now raised more than $60 million, intends to use the funds to accelerate its growth.
Founded by John Katzman, CEO, Noodle Partners creates innovative online and hybrid programs while improving traditional classroom models. The company has the capability to work with universities on every aspect of building a certificate or degree program that they choose—marketing, student recruitment, enrollment, curriculum design, student engagement, support services, graduate placement, and alumni engagement.
Today, Noodle Partners works with two dozen leading public (such as University of Tennessee, University of Virginia, and University of Michigan) and private universities (such as Howard University, Tufts University, and Tulane University), to build online programs and make their on-campus programs efficient.