StraighterLine bags USD10m for online college courses

Online education startup, StraighterLine, has scored USD10m in a series A funding round led New York-based FirstMark Capital. Contributors to the round included City Light Capital and Chrysalis Ventures.

The Baltimore based-firm offers students entry-level college courses online for a monthly subscription. Credit generated through off-campus learning can be to put towards degrees from a number of partner universities and colleges. With the average American student racking up more than USD25,000 in debt, the monthly USD99 service charge can substantially lower the price of higher education.

Amount (USD) Target Investor(s) Region Categories