Raises $29M in Funding, a NYC-based company making community college accessible across the country, raised $29m in funding.

Backers included Discord founder Jason Citron; OpenAI founder Sam Altman; Figma founder Dylan Field; former head of Stripe Issuing Lachy Groom; Bloomberg Beta; Founders Fund; Rethink Education; Reach Capital and Precursor Ventures among other investors.

Led by Tade Oyerinde, Founder and Chancellor, Campus is an accredited college offering live online and in-person associate degrees and certificate programs. Its online degree programs, dubbed Campus Scholars programs, are taught by a network of professors who also teach at leading universities and HBCUs, such as Princeton, Spelman, NYU and Vanderbilt. Every student is given the resources needed to ensure their academic success, including a free laptop, free WiFi, unlimited tutoring and individual support coaches. For faculty, Campus provides an opportunity to supplement existing teaching income — the average Campus professor has increased their annual income by 20 percent.

The company has about 850 students enrolled today.

Last year, Campus acquired MTI College, a Sacramento-based college that was founded in 1965, with approval from its accreditor, the Accrediting Commission for Community and Junior Colleges (ACCJC). It will use the remainder of its $29m to invest in its technology platform; recruit and retain professors; and further support its offerings to students.