April 20, 2015
Full Measure Education, the Washington, D.C. -based higher education startup founded by Blackboard alumnus Greg Davies, announced earlier today that it has closed a $5.5 million round of Series B financing. The round was led by Safeguard Scientifics, Inc. and Bull City Ventures.
“Full Measure Education was founded to address the national college dropout rate, a prevalent issue affecting students and higher education institutions alike, by looking beyond traditional communication between student and administration,” said Full Measure Education cofounder and CEO Greg Davies, in a statement. “By providing technology, communications strategies, and live student counselors to support students throughout the education life-cycle, we look forward to realizing fantastic gains in student completion.”
Davies – whose most widely-known as one of the first five hires for the now-education giant Blackboard – founded the company after the success of his previous company Presidium, a customer service platform for colleges that was purchased by Blackboard for $23 million back in 2011. With Full Measure Education, Davis is once again targeting the higher-education market through its offering of a communications platform aimed at ensuring student success in college. The goal: enable college students to connect with student service counselors to help them work towards the path of college completion.
This is the first kind of institutional funding received by Full Measure Education. The additional financing will enable the company to accelerate its platform development, as well as to grow its sales and marketing efforts.
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