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This article helps provide funding data for part 4 of my annual review of the year in ed-tech

These are the student loan companies that raised funding in 2016 (and the investors who participated in this year’s rounds):

  • College Ave ($20,000,000) – investors include Comcast Ventures, Fenway Summer Ventures, and DW Partners
  • Buddy ($500,000) – investors include Blume Ventures and Tracxn Labs
  • Student Loan Genius ($3,000,000) – investors include Gibraltar Ventures, John Hancock/Manulife, Kapor Capital, Capital Factory, and Village Capital
  • Affirm ($100,000,000) – investors include Founders Fund, Lightspeed Venture Partners, Spark Capital, Khosla Ventures, Andreessen Horowitz, and Jefferies
  • CommonBond ($30,000,000) – investors include Neuberger Berman Private Equity, August Capital, Tribeca Venture Partners, Social Capital, Nyca Partners, and Victory Park Capital
  • Incred ($75,000,000) – investors include Anshu Jain, Bhupinder Singh, and Ranjan Pai
  • Indian School Finance Company ($6,000,000) – investors include Gray Matters Capital

These are the student loan companies that raised funding in 2015: SoFi, Earnest, Tuition.io.

Investors to watch:

Peter Thiel is invested in several of these startups, and Betsy DeVos, Trump’s nominee for the Secretary of Education has an indirect stake in SoFi.

Via Buzzfeed’s Molly Hensley-Clancy: “These Colleges Have The Worst Student Loan Default Rates In The Country.”

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Audrey Watters


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Ed-Tech Funding

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