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StraighterLine

Description

Provider of online education courses. The company offers 38 online, entry-level college courses, such as college algebra, English composition and general physics, for less than tuition at community colleges and four-year institutions. The American Council On Education’s College Credit Recommendation Service (ACE CREDIT) has evaluated and recommended college credit for StraighterLine courses. The company is itself unaccredited, but has partnerships with a number of accredited colleges and universities that accept its courses for credit.

2008

Founded

PRIVATE

Status

51-200

Employees

Later Stage VC

Latest Deal Type

$900k

Latest Deal Amount

$27.7M

Total Amount Raised

Description

Provider of online education courses. The company offers 38 online, entry-level college courses, such as college algebra, English composition and general physics, for less than tuition at community colleges and four-year institutions. The American Council On Education’s College Credit Recommendation Service (ACE CREDIT) has evaluated and recommended college credit for StraighterLine courses. The company is itself unaccredited, but has partnerships with a number of accredited colleges and universities that accept its courses for credit.

Website:

www.straighterline.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Educational Software

Primary Office

1201 South Sharp Street Suite 110 Baltimore, MD 21230United States +1 (877) 787-8375
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StraighterLine Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

StraighterLine Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

StraighterLine Investors (8)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Chrysalis VenturesVenture CapitalMinority000 0000000 0000
City Light CapitalVenture CapitalMinority000 0000000 0000
FirstMark CapitalVenture CapitalMinority000 0000000 0000
Kaplan VenturesCorporate Venture CapitalMinority000 0000000 0000
Longworth Venture PartnersVenture CapitalMinority000 0000000 0000
Chrysalis Ventures Venture Capital
City Light Capital Venture Capital
FirstMark Capital Venture Capital
Kaplan Ventures Corporate Venture Capital
Longworth Venture Partners Venture Capital

StraighterLine Executive Team (8)

NameTitleBoard
Seat
Contact
Info
Burck SmithFounder & Chief Executive Officer
David ParentoChief Financial Officer
Kerry NagleChief Operating Officer
Megan LangleyDirector, Marketing
Joseph ThibaultSenior Director, Academics
Burck Smith Founder & Chief Executive Officer
David Parento Chief Financial Officer
Kerry Nagle Chief Operating Officer
Megan Langley Director, Marketing
Joseph Thibault Senior Director, Academics

StraighterLine Board Members (2)

NameRepresentingRoleSinceContact
Info
Amish JaniFirstMark CapitalCo-Founder & Managing Director000 0000
Wright SteenrodChrysalis VenturesPartner000 0000
Amish Jani Co-Founder & Managing Director FirstMark Capital
Wright Steenrod Partner Chrysalis Ventures
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