- CampusLogic — one of the fastest-growing educational technology companies — announced that Dragoneer Investment Group has made a $120 million minority investment in the company
CampusLogic — one of the fastest-growing educational technology companies — announced that Dragoneer Investment Group has made a $120 million minority investment in the company. The company plans to use the funding to invest in new product development and make strategic acquisitions that will increase the scope of its student financial success platform.
How does CampusLogic work? CampusLogic delivers SaaS technology that helps colleges and universities remove barriers in the financial aid process. And the company currently helps over 750 schools increase enrollment, retention, and graduation rates with the most comprehensive platform of student financial success products.
About 60% of students who do not complete college report that financial barriers are standing in their way and over 3 million students every year drop out of higher education due to financial constraints. Plus three-quarters of students say a frustrating financial aid process has affected their academic performance.
CampusLogic has been rapidly gaining market share, sustaining average annual growth rates of nearly 40%, and it now has more than 750 college and university customers.
And CampusLogic is providing critical tools and resources for the 15 million students who travel the higher education journey every year. And complicated financial processes often create barriers to student enrollment, engagement, and retention.
“It’s never been more important for colleges and universities to prioritize student financial success and no other organization in the world is investing more in removing the barriers in the financial aid process than CampusLogic.”
— CampusLogic CEO Gregg Scoresby
“A rapidly increasing number of schools are realizing that the days of requiring students to mail or fax critical financial aid paperwork or visit a central office location for assistance and advising are behind us. CampusLogic gives students an innovative, efficient, and personalized way to access financial aid, and provides unparalleled solutions for solving critical problems for colleges and universities around accessibility, scalability, and completion. We look forward to collaborating with Gregg and his team to help accelerate the next phase of CampusLogic’s growth and success.”
— Christian Jensen, Partner at Dragoneer Investment Group — who will join CampusLogic’s Board of Directors
“CampusLogic’s growth over the past two years has been outstanding and they continue to be a bright star within our investment portfolio,” commented Mr. Arrowsmith. “We’ve enjoyed very successful partnerships with Dragoneer on other investments and are delighted to work with them again.”
— Peter Arrowsmith, JMI Equity General Partner — who will remain on the CampusLogic Board of Directors