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.”