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MK Capital Leads $8 Million in Series C Funding for TopSchool
July 22nd, 2010 No comments
Based in Denver, Colorado, TopSchool is a company that provides life cycle solutions for university and college students. The primary product that TopSchool is providing are two web-based programs that help college students run their semesters more smoothly. Two of TopSchool’s main products include College Student Life Cycle Management solutions which takes the College Students Information Systems all that much further.
TopSchool announced that it has secured $8 million in series C funding with MK Capital leading the funding round. Proceeds from this funding round will go to help the company continue the development of its College Student Life Cycle Management SaaS program and to increase account management.
TopSchool’s products and services are dedicated to the campus life of college students and their programs are very user friendly and its flagship product, Student Lifecycle Management is a very flexible service that expands on the student information systems platform. The program allows college students to customize it to their needs and even includes a smart reporting suite. Schools can use the service that TopSchool provides to seamlessly control every part of the student life cycle on campus from enrollment to retention from one central location. The primary factor that is making TopSchool a market leader, however, is the fact that TopSchool’s system can empower universities and colleges who are student-centered with a very powerful administrative SaaS system that can greatly reduce costs to the institution.
As part of the agreement of the funding round, Karen Buckner of MK Capital will join TopSchool’s board of directors. As far as the CEO and president of TopSchool, Matthew Schnittman, is concerned; with Ms. Buckner from MK Capital joining the company’s board of directors will round out a group of strong and supportive investors. MK Capital is joining TopSchool’s existing investors, such as New World Ventures, Alsop Louie Partners, and Access Venture Partners. Mr. Schnittman further added that the $8 million in the series C funding round will greatly benefit TopSchool and move the company to its next phase of business.
According to Chris Girgenti, managing partner of New World Ventures; having Ms. Buckner on board will be a great asset to TopSchool. The team at New World Ventures welcomes her to the company’s board of directors and are looking forward to working together with her. TopSchool has been quite amazing with gaining phenomenal momentum in a market that has been until now rather stagnant in technology development.
MK Capital is a rather large investment firm that invests in companies in all stages of their lives in the digital media, software, data center automation, and education industries. MK seeks companies with outstanding management teams who desire to succeed. MK Capital has offices in both Chicago and Los Angeles. Other companies in MK’s portfolio include Apex Learning, CellTrak, Junction Solutions, HealthiNation, MultiCast Media, NXTV, and others.
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