TopSchool Raises $8 Million in Growth Capital Series C Funding
MK Capital to Join Company's Board of Directors
Denver, CO - July 20,2010 -TopSchool today announced that it has secured $8
million in its third round of venture capital funding, which was
led by MK Capital. In
addition to driving product and infrastructure development for
increased performance of its SaaS Student Lifecycle Management
system, the capital will be used to fund increased account
management support.
"The market demand for new technology in higher education brings
tremendous potential," said Karen Buckner, partner and Chief
Operating Officer at MK Capital. "TopSchool is leading the way in
Software as a Service solutions in higher education by delivering
an innovative and simplified approach to student information
management, which is critical to administrators today. We're
pleased to be a part of this exciting time for the company and its
clients."
The Denver, Colorado-based company offers Student Lifecycle Management
(SLM) solutions for higher education. TopSchool's solution is
delivered in a Software as a Service model, and goes beyond the
capabilities of a traditional college
student information system (SIS). It provides the portal
for prospective students, the customer relationship management
(CRM) system to manage prospects through admission, the SIS to
track and manage the institution's students from enrollment through
program completion, and finally, a reporting suite to measure
outcomes and improve offerings. Additionally, the system
easily integrates with other third party applications.
"We are happy to welcome MK Capital to the TopSchool family,
rounding out a strong and supportive group of investors, including
New World Ventures, Alsop Louie Partners and Access Venture
Partners," said Matthew Schnittman, president and CEO of
TopSchool. "In talking with higher education administrators,
there is a definite need for a next generation student information
management solution like ours, and our unmatched capabilities are
ideally meeting and exceeding this demand. The Series C
funding will be instrumental in taking our business to the next
level, enabling us to better serve our clients and embrace the
market opportunity before us."
"We look forward to having Karen join our board of directors and
believe she will serve as a great asset in helping oversee the
future of TopSchool," said Chris Girgenti, managing partner of New
World Ventures. "The company is gaining tremendous momentum
in a market that has otherwise been relatively inactive in terms of
technology advancement. We believe that TopSchool's stability
and the strength of its management team coupled with its flexible
approach to student information management positions the company
for continued growth and success."
About TopSchool
TopSchool (www.topschoolinc.com) built the first SaaS
student administrative system in higher education to address the
key aspects of the student lifecycle. The company's Student
Lifecycle Management (SLM) system goes beyond the capabilities of
traditional college student information systems, and
includes a customizable student portal, easy-to-use CRM and SIS
components and an intelligent reporting suite. Schools
can easily manage all student information from recruiting through
retention in a central location, and they can deliver more student
services more efficiently. The TopSchool system gives
student-centric institutions the power to direct their own
administrative tools, empowering them to drive growth, reduce costs
and meet accountability requirements.
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