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Campus, a community college startup, receives $23M Series A extension led by Founders Fund
Although many students in the United States enter community colleges intending to transfer to four-year universities, only 16% of those students receive A year after closing a $29 million Series A, the online community college raised additional capital for fueling growth.
Many adjunct professors at the nation’s top universities, including UCLA, Princeton and NYU, earn such low salaries that a quarter of them qualify for some form of government assistance. While most students study online and are based throughout the country, the community college now offers in-person courses in phlebotomy, medical assistance and cosmetology. The firm boosted its stake in Campus — Founders Fund’s first edtech bet — due to the company’s scalable tech platform, said partner Trae Stephens.
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