Tech Company Financing Transactions
MentorWorks Funding Round
On 9/23/2020, MentorWorks raised $1.3 million in funding from New U Venture Partners and private investors.
Transaction Overview
Company Name
Announced On
9/23/2020
Transaction Type
Venture Equity
Amount
$1,250,000
Round
Undisclosed
Investors
New U Venture Partners (Lead Investor) (Joel Camacho)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
101 Arch St. 8th Floor
Boston, MA 02110
USA
Boston, MA 02110
USA
Phone
Website
Email Address
Overview
MentorWorks Education Capital provides Income Share Agreement (ISA) financing which enables students to complete their program without incurring up-front tuition costs. ISAs are an alternative to loans with which approved students will have their tuition paid and then will pay an affordable, fixed percentage of their future income for a fixed period of time, up to a maximum cap without incurring interest.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Karthik Krishnan
Chief Financial Officer
Clayton Samuels
Chief Operating Officer
Micha Sabovik
Chief Technical Officer
Michael Trachtman
Co-Founder
Mark Bernfeld
VP - Bus. Development
Katie Gallagher
VP - Marketing
Brad Edmond
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Our team works diligently to report on funding rounds that are announced publicly. VC transactions reported here are sourced from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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