Brief

CampusLogic rakes in $4.1M

Dive Brief:

  • CampusLogic Inc., a software-as-a-service platform that simplifies the financial aid process for students and institutions by bringing the paperwork online, raised $4.1 million in its latest funding round.
  • The round closed at the end of June, and the Phoenix Business Journal reports that the company plans to use the money to hire new employees and expand its reach in sales, marketing, and product development.
  • CampusLogic CEO Gregg Scoresby told the Phoenix Business Journal that his cloud-based platform can reduce financial aid processing time by as much as 90%.

Dive Insight:

Scoresby sold his previous company, Boomerang Capital Partners, in October of 2011 to focus on CampusLogic, which officially launched just last year. In that time, it has secured partnerships with 30 schools. Scoresby aims to make CampusLogic the product for financial aid that Turbo Tax has become for tax returns. Students and administrators can complete all of their tasks online through computers or using mobile phones. Since its launch, Arizona-based CampusLogic has been recognized multiple times as a promising startup. It won the Venture Madness startup competition and the Spring 2015 Arizona Innovation Challenge.

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Filed Under: Higher Ed Technology
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