Dive Brief:
- DC-based ed tech company Full Measure Education just wrapped up a financing round with $5.5 million in new investments for its student retention package.
- DCInno reports that Full Measure offers its college and university clients a communication protocol for proactively addressing students’ problems, software to carry out new services, and a “nagging mom” service that connects counselors with students needing a support network to stay on track.
- Founder Greg Davies, who was also an original team member at Blackboard, plans to use the latest funding proceeds to expand to additional campuses and address enrollment, retention, and completion rates beyond its current client base, DCInno reports.
Dive Insight:
An increasing number of higher education institutions are addressing lagging completion rates, in part because they are being held accountable for student graduation. More than half of all states have shifted to allocating at least a portion of education dollars based on student outcomes, compared to traditional methods that were based exclusively on enrollment. Full Measure Education exists amid a range of options for colleges and universities looking to track retention strategies and implement new initiatives. DCInno reports that the company currently works with seven partners. With the support of Blackboard and this latest funding boost, it would not be surprising to see many more schools contract Full Measure for these increasingly important services.