Noodle, a NYC-based online learning network, raised $50m in Series C funding.
The round was led by funds and accounts managed by BlackRock, joined by several existing investors including Owl Ventures.
The company intends to use the funds to continue to activate growth for its university partners by investing in acquisitions and innovation that help them keep marketing and student support costs low, and enabling them to move beyond degree programs to compete in the lifelong learning market.
Led by John Katzman, CEO, Noodle is a certified B Corp that creates online and agile programs that elevate campus-wide teaching and technology. Its network of universities, higher education leaders, providers and students accelerate innovation and efficiency in learning design, marketing, recruitment, technology, student and faculty support, and clinical placement.
In 2020, the company acquired key assets of HotChalk, an online program manager (OPM), absorbing its portfolio of programs, the Creative Communications Associates (CCA) marketing agency, and their marketing, enrollment, and technology teams.
The company has now raised over $125 million of equity capital since its inception.