According to a press release, Regent Education, a Frederick, Maryland-based provider of financial aid management software solutions for higher education institutions, closed $9m funding round.
The company closed a $4m Series C equity financing from New Markets Venture Partners and Chrysalis Ventures while Ares Capital Corporation provided $5m of debt financing.
The company intends to use the funds to accelerate its growth.
Founded in 2006 and led by Randy Jones, CEO, Regent Education provides a software-as-a-service financial aid management system, Regent 8, and a variety of other solutions for colleges to attract more students and manage the onboarding and administration of students more efficiently.
The platform integrates with a variety of other systems that institutions use to manage their operations.
FinSMEs
07/07/2014