Education / Investing / Startups / Universities

Full Measure Education raises $6 million more

The Series B tack-on will help the edtech startup increase retention rates at more community colleges.

Full Measure Education wants to make sure students are being challenged in the classroom, not outside of it. (Photo by Flickr user CollegeDegrees360, used under a Creative Commons license)

On the 11th floor of the same building on 19th Street that served as Blackboard’s once and now current home, a team of former employees of the edtech giant are hard at work on a new venture.
Full Measure Education has a straightforward goal — as CEO Greg Davies put it: “College should be challenging inside the classroom and simple outside the classroom.” And in order to make colleges simple outside the classroom, the institutions need better communication skills.
Full Measure provides those communication skills. The company focuses on creating software for use by community colleges, because while community colleges are a great, affordable resource, they’re also plagued by low completion rates.

Full Measure Education makes managing enrollment, payment and more easy and mobile. (Courtesy photo)

Full Measure Education on mobile. (Courtesy image)

And it makes sense — many community college students have a lot on their plates. As this American Association of Community Colleges report shows, a lot of community college students are employed at least part-time or are first-generation college students. For these young people, access to college isn’t enough — they also need a path through college.
Full Measure hopes to clear that path by making the administrative trappings of education simple and streamlined, so that students can focus on learning. In turn, the startup is raising funds to make this goal a reality.
The three-year-old edtech startup raised a $5.5 million Series B back in April 2015; now the company has added another $6 million to the total. Once again, the additional funding round was led by Philly-area venture firm Safeguard Scientifics.
So how is Full Measure Education doing on its quest to reduce dropout rates at America’s community colleges?
According to a press release, the startup has doubled its client base in the past year. CEO Davies told that Full Measure software is currently rolled out to 10 community colleges.
Given over 1,500 community colleges across the U.S., Full Measure has room to grow. And the additional $6 million, according to a press release, will serve to enable just that. As for Davies and his team of 38, they continue to be excited about the social impact potential of the software. “It really is changing lives,” Davies said.

Companies: Blackboard / Safeguard Scientifics

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