Venture Capital News: Fullbridge Grabs $15.4M
BOSTON , MA, Fullbridge has secured $15.4 million through the sale of a series of preferred stock.
Fullbridge, Inc., a professional development and education company that prepares students and young professionals to succeed in the global economy, has secured $15.4 million through the sale of a series of preferred stock. The round was led by learning innovation investor, GSV Capital, with active participation from several high net worth individuals and family offices from the U.S. and Europe.
The investment is instrumental as the company expands its leadership team, program availability, geographic reach and offerings with colleges, companies and ministries worldwide - all with the goal of preparing students to succeed as young professionals. The funding also allows Fullbridge to expand its technology platform by developing a multi-user offering which streamlines program enrollment and enhance communication between Fullbridge clients, coaches and students.
Fullbridge is pleased to announce the addition of three well-accomplished professionals to its executive team:
Ramon A. Rivera, Chief Financial Officer
Mr. Rivera has held senior leadership roles at Aereo, Inc., a Barry Diller led disruptor in the broadcasting industry, LoJack International, CitySoft, Inc. and PricewaterhouseCoopers. He will be responsible for overseeing both U.S. and international expansion. He is a certified public accountant and received a Juris Doctorate.
Mary Fairchild, Vice President of College Programs
Ms. Fairchild joins us from Lynda.com where she spent seven years leading enterprise sales breaking into 40 percent of the college market. She brings 15 years of B2B and sales leadership experience to Fullbridge with a particular focus in higher education.
Matthew Cohen, Vice President of Business Partnerships
Mr. Cohen founded Cohen Strategy Group, LLC, a leading EdTech consultancy and was a founding member of ConnectEDU, where he led expansion from four to 40 states and drove the acquisition of $25 million in venture capital. At Fullbridge, he is responsible for maximizing foundation, government and large community college opportunities, philanthropic investments, and community impact programs.
'This is a period of great momentum,' says Candice Carpenter Olson, Co-CEO and Founder of Fullbridge. 'Increased funding allows us to develop and execute more programs at college campuses throughout the United States and around the world that prepare students to succeed in today's competitive job market as young professionals.'
Fullbridge reached six times more students in 2014 than in 2013, bringing the total number of students served to 10,000. Recently, the company unveiled the Fullbridge Opportunity Foundation, which provides grants to partnering universities and community colleges to serve first-generation students.
Fullbridge is a high-growth, education technology company committed to helping college students and young professionals succeed in the global economy through transformational professional and industry-specific skills building programs. Fullbridge has run programs in the U.S., Europe, Asia, and the Middle East since 2011, with participants ranging from Harvard Law School students, to veterans, to U.S. liberal arts college students, to female vocational students in Saudi Arabia. Fullbridge has been featured in The Wall Street Journal, Businessweek and Forbes as a leader in competency-based education and 21st century workplace skills.
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