  |
 |
|
         |
Apex Learning Closes $6 Million to Expand Penetration of Digital
Curriculum
SEATTLE, Nov. 29 /PRNewswire/ -- Apex Learning, a
leading provider of digital curriculum for secondary
education, today announced that it has secured $6
million in equity financing. Chicago-based MK Capital, a
leading software and new media venture capital firm, led
the funding round and is making its first investment in
Apex Learning and the K-12 market.
Schools nationwide are turning to online learning to
better meet the needs of all students, from those who
are not succeeding in traditional programs to those
capable of accelerating their learning. "We are thrilled
that MK Capital shares our vision and passion for
increasing quality educational opportunities for all
students," said Cheryl Vedoe, CEO of Apex Learning. "The
new funds will enable us to expand the solutions we
offer for grades 6-12 and accelerate our penetration
into new school districts nationwide."
The company further announced two board
appointments: Karen Buckner and Mark Koulogeorge, both
of MK Capital. "The efficacy of Apex Learning's digital
curriculum and the flexibility to customize solutions to
meet specific educational objectives position Apex
Learning to capitalize on the favorable market trends
with respect to adoption of educational technology,"
noted Karen Buckner.
"Based on our extensive due diligence, we are
convinced that Apex Learning will continue to contribute
to statistically significant improvements in student
performance," added Mark Koulogeorge. "In addition,
customers rated Apex Learning exceptionally high with
respect to user support, a critical factor to sustaining
success over the long term."
Over the past four years Apex Learning expanded the
breadth of its curriculum to encompass the core academic
subjects required for high school graduation. The
company has extensive experience in online education --
from distance learning to the use of digital curriculum
in classroom instruction and for credit recovery,
remediation, and alternative schools programs.
About Apex Learning
Apex Learning(R) (http://www.apexlearning.com) is a
leading publisher of online instructional materials for
secondary education. The company's standards-based
digital curriculum in the core subjects -- math,
science, English, social studies, and world languages --
and in Advanced Placement is offered for distance
learning, classroom instruction, and test preparation.
Since the company's inception, it has had more than one
million student enrollments and served more than 4,000
school districts nationwide. Apex Learning is
headquartered in Seattle, WA and is accredited by the
Northwest Association of Accredited Schools.
About MK Capital
MK Capital (http://www.mkcapital.com) is a $150
million venture capital fund that invests in software,
digital media and outsourced services. The Managing
Members of MK Capital have managed six venture funds and
over $500 million of capital in the past twelve years.
Each of the Fund's principals has substantial operating
experience and a proven track record of helping small
business grow successfully. The General Partner group
has demonstrated its exceptional commitment to the
Fund's success by being the largest investor in MK
Capital. To date, the Fund has made sixteen investments. |
|
|
