Lumina Foundation

Lumina Foundation is an independent, private foundation committed to increasing the proportion of Americans with degrees, certificates and other high-quality credentials to 60 percent by 2025. Lumina’s outcomes-based approaLumina Foundation is an independent, private foundation committed to increasing the proportion of Americans with degrees, certificates and other high-quality credentials to 60 percent by 2025. Lumina’s outcomes-based approach focuses on helping to design and build an equitable, accessible, responsive and accountable higher education system while fostering a national sense of urgency for action to achieve Goal 2025.ch focuses on helping to design and build an equitable, accessible, responsive and accountable higher education system while fostering a national sense of urgency for action to achieve Goal 2025.

Erin Archer

CFO

56 past transactions

Coastal Enterprises

Grant in 2023
Coastal Enterprises is a community development financial institution that provides financing to micro, small and medium enterprises, affordable housing and communities facilities in order to create income, employment and ownership opportunities for low income people and communities. Since inception, CEI has provides $958 million in capital to 2,251 projects that created/retained 27,181jobs and created 1,483 units of affordable housing. CEI funds have leveraged an additional $2.44 billion in other capital. CEI aggregates capital from a variety of public and private sources and deploys it in the community through a variety of debt, equity and tax credit products.

University of Hawaii

Grant in 2022
The University of Hawai‘i System, established in 1907, is the only public higher education system in the state of Hawaii. It comprises three universities, seven community colleges, and various educational and research centers across the Hawaiian Islands. The university system aims to provide diverse educational opportunities and support community-based learning. Its campuses and centers focus on delivering quality education and fostering research to benefit both local and global communities. The system's assets are overseen by an executive management team dedicated to advancing its mission and goals.
Illinois Community College Board home to 48 community colleges which provide high quality, accessible, cost-effective education.
Campaign for College Opportunity focus on making college more affordable by sharing research findings, through nonpartisan communications.
Partnership for College Completion is an organization that both provides support to colleges and universities for campus-based equity change and advances state policy for greater equity in higher education.
The Attainment Network increase college attainment for graduates of Denver Public Schools on the Auraria Campus and Emily Griffith Technical College through a multi-sector collaborative that connects resources and efforts.

Education Reform Now

Grant in 2022
Education Reform Now, a non-partisan 501.c3 organization, is committed to ensuring that all children can access a high-quality
Center for Racial Equity in Education supports the development of a shared policy agenda among public and private Historically Black Colleges and Universities.
Partners for College Affordability and Public Trust is a nonprofit, nonpartisan organization dedicated to making high-quality, affordable college education a reality for all Americans.

Capital B

Grant in 2022
Capital B is a nonprofit local and national news organization reporting for Black communities.
Border Network for Human Rights is an immigration reform and human rights advocacy organization.
Seventh Generation Fund for Indigenous Peoples advocates for the right of self-determination and the sovereignty of Native lands, will support programs that respond to, prevent, and remedy violence against Native women and girls.
John Jay College Institute for Justice and Opportunity opens doors and eliminates barriers to success for people who have been involved in the criminal legal system.

UCLA School of Law

Grant in 2022
Founded in 1949, UCLA School of Law has garnered a reputation for artful teaching, influential scholarship and enduring innovation. As the first public law school in Southern California and the youngest top-ranked law school in the United States, UCLA Law has consistently pushed new boundaries in the study and practice of law. Beginning in the 1970s, our clinics were among the first to teach students systematically about the link between doctrinal mastery and practical skills. We remain committed to this integration of theory and practice with an extraordinary array of simulated transaction courses and live-client clinics that cover everything from mergers and acquisitions to workers’ rights and environmental law. In the 1990s, UCLA Law created an Empirical Research Group (ERG) so that faculty could incorporate sophisticated data techniques into their research. During this time, the law school also established think tanks where policy and legal issues could be discussed free of partisan influence and ideological biases. These institutes have consistently promoted the highest standards of intellectual discourse. Through research and published articles, our centers offer invaluable information for legislators, the judiciary and the public while providing critical training for UCLA Law students and the legal community. Over the decades, UCLA Law has developed a depth and breadth of academic offerings unsurpassed by any other law school in the nation. Our Epstein Program in Public Interest Law and Policy is among the best anywhere. We are one of four among the top 20 law schools with a specialization in Business Law and Policy – and the only one to offer a specialization in Critical Race Studies. UCLA Law’s faculty also has emerged as one of the most influential nationwide. Our professors are leading scholars in areas including bankruptcy, corporate law, constitutional law, critical race theory, entertainment law, environmental law, intellectual property and tax law. Today, the UCLA Law alumni community is more than 15,000 strong and extends around the world. Alumni live and practice in virtually every state, the District of Columbia, multiple U.S. territories and more than 50 foreign nations. These graduates excel in their chosen fields, from private practice to business to government to public interest and beyond. We have a long tradition of distinction on the bench, with more than 320 alumni who are serving, or have served, on courts throughout the country. Six UCLA Law alumni are now judges on the U.S. Court of Appeals for the Ninth Circuit – the largest number of graduates from any one law school who are serving on the court. We take pride in these achievements and recognize that the strength of UCLA Law is a direct result of the superlative work of our faculty and staff, the talents of our diverse and academically gifted student body, and the accomplishments and unstinting generosity of our alumni. By building on past successes, UCLA Law continues to propel the school, students, faculty and alumni into a future of unparalleled distinction.
ACLU of Indiana Foundation is a tax-exempt, non-profit charity that provides legal assistance and conducts educational programs and activities.
Ohio State University College of Education and Human Ecology helps education and human development locally, nationally and globally.
Boston University Center for Antiracist Research convene researchers and practitioners from various disciplines to figure out novel and practical ways to understand, explain, and solve seemingly intractable problems of racial inequity and injustice.
Indiana University-Purdue University School of Education supports the Education for Liberation program.
Highlander serves as a catalyst for grassroots organizing and movement building in Appalachia and the South.
Student Clinic for Immigrant Justice provides representation for all asylum seekers by training college students to become immigration advocates, and to fight for a socially just immigration system and community transformation.
National Legal Aid & Defender Association leads a broad network of advocates on the frontlines to advance justice and expand opportunity for all by promoting excellence in the delivery of legal services for people who cannot afford counsel.
Goodwill Foundation of Central & Southern Indiana identifies gaps, evaluates opportunities and risks, and creates solutions.
Lawyers for Good Government mobilize the legal profession in support of people who have been harmed by systemic racism, using means such as policy resource and analysis.
Indigenous Futures Institute is a community-driven and interdisciplinary project-based in Kumeyaay Territory at the University of California, San Diego.
Philadelphia Student Union supports the student union's Equity Research Cooperative, which plans to develop and launch a College Students of Color Experience Survey.

Common Application

Grant in 2022
The Common Application membership association was established in 1975 by 15 private colleges that wished to provide a common, standardized first-year application form for use at any member institution. With the administrative support of the National Association of Secondary School Principals (NASSP), the organization grew steadily throughout its first 30 years. Today, The Common Application serves over 1 million students and school officials annually through their free online First-Year and Transfer applications. Their membership of over 500 public and private colleges and universities represents the full diversity of four-year higher education in the US and, increasingly, overseas.
Mid-States Minority Supplier Development Council is a 501(c) 3 non-profit organization. Mid-States Minority Supplier Development Council network is the nation’s most dynamic force in developing successful relationships between America’s top corporations and supply-chain providers from the Asian, Black, Hispanic and Native American communities.

Mentor Collective

Series A in 2022
Mentor Collective is a Boston-based company founded in 2013 that specializes in creating mentoring programs for universities. The platform enables educational institutions to design, manage, and assess mentoring initiatives that connect students with near-peer mentors, thereby enhancing student engagement and retention. Mentor Collective works with over 60 partner schools, including notable institutions such as Princeton and UC Davis. The company offers a comprehensive suite of services, including program design, mentorship operations, a content library, and analytics to evaluate program effectiveness. By facilitating one-on-one mentorship, Mentor Collective aims to improve graduation rates and foster a supportive academic environment for all students. Its mission-driven approach has garnered recognition, positioning it as a leader in the education sector.
Foundation for California Community Colleges is built to benefit, support, and enhance the missions of the California Community College system through support from a wide range of partner organizations and individual donations.

Upswing

Series A in 2021
Upswing International, Inc. operates an online collaboration platform aimed at providing academic support to educational institutions. The platform includes several solutions such as AdviseUp, which facilitates scheduling and receiving advice from college advisors, MentorUp, which connects students with mentors for non-academic support, and TutorUp, which links students to tutors both from Upswing and its wider network. Upswing also offers specialized engagement tools for first-year students, online learners, and adult learners. By partnering with colleges, the company creates virtual learning centers and provides real-time analytics to help administrators monitor student engagement and success. The platform allows students to choose coaches based on various criteria like price, quality, and subject expertise, thereby personalizing the learning experience. Each coaching session is recorded and analyzed, enabling institutions to receive insights that can help reduce student attrition and improve overall academic outcomes. Founded in 2013 and based in Austin, Texas, Upswing was previously known as The Upswing Group, Ltd.

Acadeum

Venture Round in 2021
Acadeum, formerly known as College Consortium, is a developer of the Academic Sharing Platform, which facilitates online course sharing among higher education institutions. Founded in 2016 and headquartered in Austin, Texas, Acadeum provides a cloud-based platform that enables member colleges to share courses, credits, and tuition to enhance educational opportunities for their students. This system supports the creation of course-sharing consortia, allowing institutions to offer specific transfer, bridge, certification, or degree completion courses. Acadeum's platform is designed to help institutions expand their degree programs and increase enrollment through collaborative educational initiatives.

Noodle

Series B in 2020
Noodle Partners creates innovative online and hybrid programs while improving traditional classroom models. Noodle Partners has the capability to work with universities on every aspect of building a certificate or degree program that they choose—marketing, student recruitment, enrollment, curriculum design, student engagement, support services, graduate placement, and alumni engagement—and provides a high level of fit and finish.

Noodle

Series B in 2020
Noodle is a U.S.-based organization that helps students make decisions about education. Through unbiased data and real-world advice, Noodle connects students with schools, programs, resources, experts, and more. Noodle Education was founded in 2010 by John Katzman, the founder of The Princeton Review and 2U.

Acadeum

Series A in 2020
Acadeum, formerly known as College Consortium, is a developer of the Academic Sharing Platform, which facilitates online course sharing among higher education institutions. Founded in 2016 and headquartered in Austin, Texas, Acadeum provides a cloud-based platform that enables member colleges to share courses, credits, and tuition to enhance educational opportunities for their students. This system supports the creation of course-sharing consortia, allowing institutions to offer specific transfer, bridge, certification, or degree completion courses. Acadeum's platform is designed to help institutions expand their degree programs and increase enrollment through collaborative educational initiatives.

EduNav

Venture Round in 2019
Edunav, Inc. specializes in developing academic planning and optimization software tailored for the higher education sector. Founded in 2013 and based in Cupertino, California, the company's flagship product, EduNav, utilizes advanced technologies such as Big Data, combinatorial algorithms, and machine learning to assist students in navigating their academic journeys effectively. EduNav enables students to determine optimal pathways to graduation, while also offering tools for degree, career, and transfer planning. Additionally, it provides predictive enrollment management solutions aimed at helping educational leaders make informed decisions. By focusing on improving student retention and ensuring timely degree completion, Edunav aims to minimize wasted credit hours and enhance the overall course catalog, thereby supporting colleges and universities in achieving their academic goals.

Mentor Collective

Venture Round in 2019
Mentor Collective is a Boston-based company founded in 2013 that specializes in creating mentoring programs for universities. The platform enables educational institutions to design, manage, and assess mentoring initiatives that connect students with near-peer mentors, thereby enhancing student engagement and retention. Mentor Collective works with over 60 partner schools, including notable institutions such as Princeton and UC Davis. The company offers a comprehensive suite of services, including program design, mentorship operations, a content library, and analytics to evaluate program effectiveness. By facilitating one-on-one mentorship, Mentor Collective aims to improve graduation rates and foster a supportive academic environment for all students. Its mission-driven approach has garnered recognition, positioning it as a leader in the education sector.

Bitwise Industries

Series A in 2019
Bitwise Industries Inc. is a technology ecosystem company based in Fresno, California, founded in 2013. It aims to advance the local technology landscape by focusing on education, software development, and collaborative workspaces. Through its Geekwise Academy, Bitwise offers accelerated coding programs designed to equip individuals of all backgrounds with essential technology skills, particularly targeting marginalized groups. The company also operates Shift3 Technologies, a custom software development firm that pairs experienced professionals with entry-level programmers to create software solutions. Additionally, Bitwise provides physical spaces for technologists and technology companies, including collaborative work environments and tech venues, fostering a community for innovation and growth. New projects, such as Bitwise|41 and Bitwise State Center Warehouse, are currently under development to further enhance its offerings.

Upswing

Venture Round in 2019
Upswing International, Inc. operates an online collaboration platform aimed at providing academic support to educational institutions. The platform includes several solutions such as AdviseUp, which facilitates scheduling and receiving advice from college advisors, MentorUp, which connects students with mentors for non-academic support, and TutorUp, which links students to tutors both from Upswing and its wider network. Upswing also offers specialized engagement tools for first-year students, online learners, and adult learners. By partnering with colleges, the company creates virtual learning centers and provides real-time analytics to help administrators monitor student engagement and success. The platform allows students to choose coaches based on various criteria like price, quality, and subject expertise, thereby personalizing the learning experience. Each coaching session is recorded and analyzed, enabling institutions to receive insights that can help reduce student attrition and improve overall academic outcomes. Founded in 2013 and based in Austin, Texas, Upswing was previously known as The Upswing Group, Ltd.

Credly

Series A in 2019
Credly, Inc. operates a platform that focuses on verifying, sharing, and managing digital badges and credentials. Established in 2012 and based in New York, the company caters to educational institutions, corporations, and professional associations by providing a range of verified skills, abilities, and certifications. Its offerings include the Open Credit API and Credly SDKs, which supply developer resources for digital credentialing. Credly’s platform helps organizations to translate individual learning experiences into recognized professional opportunities through trusted digital credentials. By leveraging its extensive network of credential issuers, Credly supports employers and training organizations in addressing skills gaps, enhancing talent engagement, and making informed hiring decisions. The platform is designed to empower businesses and individuals alike by facilitating a common understanding of knowledge, skills, and abilities in the workforce.

Civitas Learning

Private Equity Round in 2019
Civitas Learning, Inc. is a technology company that provides a predictive analytics platform aimed at enhancing student success in higher education. The platform aggregates and analyzes disparate data sources to deliver actionable insights to administrators, faculty, advisors, and students. Key offerings include a student insights platform that provides a comprehensive view of the student journey, the illume application for historical and predictive student flow analysis, and Inspire for Faculty, which visualizes engagement patterns in real-time. Additionally, Civitas Learning offers Hoot.me, a crowd-sourced Q&A platform, and College Scheduler, a cloud-based solution designed to streamline the degree completion process. The company collaborates with 375 colleges and universities across the United States, the United Kingdom, Ireland, and Mexico, serving nearly 8 million students. Founded in 2011 and headquartered in Austin, Texas, Civitas Learning aims to leverage data to help institutions improve outcomes and increase graduation rates.
Salt Lake Community College (SLCC), founded in 1948, is the largest college in Utah, offering a diverse range of academic programs across various disciplines, including business, accounting, biology, architecture, and aviation maintenance. The college is known for its combination of extensive resources typical of larger institutions and the personal attention characteristic of smaller schools, thanks to a low faculty-to-student ratio that allows for small class sizes and accessible professors. Student life at SLCC is vibrant, featuring performances at the Grand Theatre, a film festival, a lecture series, and numerous clubs and organizations. Students benefit from comprehensive support services, including academic and career planning resources. Many SLCC graduates either enter the workforce or transfer to four-year universities, such as Brigham Young University, often after completing their first two years at SLCC, which significantly reduces their overall education costs. Financial aid and payment plans are available to eligible students, enhancing accessibility to education. Additionally, prospective students can apply online and are required to take a placement test upon admission.

New Markets Venture Partners

Funding Round in 2018
New Markets Venture Partners is a Maryland-based private equity firm established in 2003, focusing on early and growth-stage investments in transformative education and workforce technology companies. With a commitment to achieving both financial returns and positive social impact, the firm leverages its extensive network of relationships with educational institutions and innovation centers to support its portfolio companies. The partners at New Markets bring decades of investment and education experience, helping companies succeed through value-added support throughout the investment process. The firm primarily targets investments in sectors such as education, healthcare, information technology, and business services within the United States.

Edovo

Series A in 2018
Jail Education Solutions provides intuitive educational courses where inmates are rewarded for learning. With their unique tablet technology, we help unlock the potential of millions of incarcerated people. Edovo increases access to invaluable resources for individuals involved in the criminal justice system.

Brighthive

Grant in 2018
BrightHive helps companies link their data to empower decision making.

Credly

Seed Round in 2017
Credly, Inc. operates a platform that focuses on verifying, sharing, and managing digital badges and credentials. Established in 2012 and based in New York, the company caters to educational institutions, corporations, and professional associations by providing a range of verified skills, abilities, and certifications. Its offerings include the Open Credit API and Credly SDKs, which supply developer resources for digital credentialing. Credly’s platform helps organizations to translate individual learning experiences into recognized professional opportunities through trusted digital credentials. By leveraging its extensive network of credential issuers, Credly supports employers and training organizations in addressing skills gaps, enhancing talent engagement, and making informed hiring decisions. The platform is designed to empower businesses and individuals alike by facilitating a common understanding of knowledge, skills, and abilities in the workforce.

CareAcademy

Seed Round in 2017
CareAcademy operates an online training platform tailored for senior home care agencies and caregivers. Founded in 2013 by Helen Adeosun, the company provides evidence-based classes that help direct care workers enhance their skills and improve the quality of care they deliver to older adults. The platform offers a variety of courses covering essential topics such as infection control, nutrition, dementia care, and fall prevention, enabling caregivers to meet licensure requirements across all 50 states. CareAcademy has certified over 40,000 caregivers nationwide, emphasizing the importance of high-touch coaching and exceptional customer service. The training programs not only equip caregivers with the necessary knowledge and skills but also offer peace of mind to employers, ensuring that their teams are well-prepared to support seniors in living independently and safely at home.

Viridis

Grant in 2017
Viridis Learning, Inc. is an education technology company focused on enhancing workforce education for the middle-skill workforce. The company operates a platform that trains, certifies, and connects middle-skill employees with employers. Through its human capital technology solution, Viridis offers individuals training programs that lead to industry-recognized credentials and job placement opportunities. The platform addresses skill deficiencies by aligning local employer needs with the capabilities of the workforce. Courses offered include Residential Concrete Specialization, Energy Management and Controls, and Advanced Residential Construction Supervisor, among others. By utilizing data analytics, Viridis Learning enables educational institutions to better track student performance and outcomes, thereby improving employment placement rates for graduates. The company is located in New York, New York.

Viridis

Series A in 2016
Viridis Learning, Inc. is an education technology company focused on enhancing workforce education for the middle-skill workforce. The company operates a platform that trains, certifies, and connects middle-skill employees with employers. Through its human capital technology solution, Viridis offers individuals training programs that lead to industry-recognized credentials and job placement opportunities. The platform addresses skill deficiencies by aligning local employer needs with the capabilities of the workforce. Courses offered include Residential Concrete Specialization, Energy Management and Controls, and Advanced Residential Construction Supervisor, among others. By utilizing data analytics, Viridis Learning enables educational institutions to better track student performance and outcomes, thereby improving employment placement rates for graduates. The company is located in New York, New York.

BridgeEdU

Venture Round in 2016
BridgeEdU, Inc. is an educational guidance organization based in Baltimore, Maryland, focused on removing barriers to college access and completion for underserved students. Founded in 2014, the company offers a range of services, including strategic support, intensive training, and program evaluation. Its technology-based solutions feature a Financial Aid Coaching Tool that equips advisors with actionable data to help students navigate financial challenges, as well as student success dashboards that allow coaches to communicate effectively with students. BridgeEdU also runs direct-to-student initiatives, such as Grads2Careers, which assists Baltimore City graduates in securing free job training and employment, and a college promise program that provides scholarships to local high school graduates. Additionally, the company offers on-site support services for first- and second-year college students, serving institutions, counselors, families, and various partners. As of June 2019, BridgeEdU operates as a subsidiary of Edquity, Inc.

Credly

Seed Round in 2016
Credly, Inc. operates a platform that focuses on verifying, sharing, and managing digital badges and credentials. Established in 2012 and based in New York, the company caters to educational institutions, corporations, and professional associations by providing a range of verified skills, abilities, and certifications. Its offerings include the Open Credit API and Credly SDKs, which supply developer resources for digital credentialing. Credly’s platform helps organizations to translate individual learning experiences into recognized professional opportunities through trusted digital credentials. By leveraging its extensive network of credential issuers, Credly supports employers and training organizations in addressing skills gaps, enhancing talent engagement, and making informed hiring decisions. The platform is designed to empower businesses and individuals alike by facilitating a common understanding of knowledge, skills, and abilities in the workforce.
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