StraighterLine, a Baltimore, MD-based provider of online courses, has completed a $10m financing.
The round was led by FirstMark Capital, with participation from City Light Capital, and Chrysalis Ventures.
The company intends to use the capital to accelerate outreach to colleges, employers and students, as well as to extend its existing offerings to include a market for credit-bearing, online, general education college courses.
In conjunction with the funding, Amish Jani, Managing Director at FirstMark Capital, has joined the company’s Board of Directors.
Led by CEO and founder Burck Smith, StraighterLine currently partners with twenty-eight colleges and universities to offers thirty-eight entry-level college courses online in the Sciences, Humanities, English, Math and Business. It has a low cost, subscription-based model.
FinSMEs
13/04/2012