August 5, 2010
After $3.2 million in 2008 and $7 million in 2009, TopSchool a startup from Denver secured these days a Series C funding of $8 million. The company gathered a total of $18.2 million in only 3 years, a solid proof of the investment potential in new technology to support higher educational systems. The investor for this new round is MK Capital. They are well known as an â€žall stages capital investorâ€ and it is the first time they invest in TopSchool growing their portfolio in educational technology, one of their investment targets. During their history, they supported companies like Retention Education, Healthy Nation or Netuitive.
Following this investment, Karen Buckner, partner at MK Capital will secure a seat in the board of TopSchool joining other investors like Stewart Alsop from Alsop Louie Partners who participated in both Series A and Series B funding or David Gold from Access Venture Partners and Chris Girgenti from New World Ventures who participated in Series B funding only a year ago.
TopSchoolâ€™s leading product is SLM, the Student Lifecycle Management system based on SaaS, a Software Service model designed to help colleges in managing data about students all the way from the very first contact to admission, enrollment and even to job placement. SaaS is a management model replacing the classical student information systems and allows TopSchoolâ€™s customers to be more efficient and reduce costs without worrying about software updating, hardware maintenance or database management. One of the key points of TopSchool solution is the flexibility and the ability to be easily integrated with other applications. Not to mention the savings up to 50% compared with traditional hard to manage college informational systems.
The new series C funding from MK Capital is aimed to support SaaS model development and to prepare the company to face new challenges and offer new solutions for student information management systems.