Lumina Foundation

Lumina Foundation, established in 2000 and based in Indianapolis, Indiana, is an independent non-profit organization focused on expanding access to education across the United States. Its mission centers on increasing the number of Americans with degrees, certificates, and other high-quality credentials. To further its goals, Lumina Impact Ventures, the foundation's corporate venture arm founded in 2015, invests in emerging education technology companies that align with its mission. By engaging the private sector, Lumina Impact Ventures seeks to generate innovative ideas, build knowledge, and attract new capital to enhance learning opportunities beyond high school, particularly for entrepreneurs of color and those from low-income backgrounds. The venture arm leverages Lumina's extensive networks to connect portfolio companies with trusted advisors and valuable resources, fostering a collaborative ecosystem to support the growth of transformative educational technologies.

Zakiya Smith

Strategy Director, Finance and Federal Policy

5 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.

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.

Beam

Seed Round in 2019
Edquity is a college financial planning app for high school and college students, helping ensure that no student will need to drop out of college for financial reasons and that every student will be able to realize a positive return on his or her college investment.

Cell-Ed

Seed Round in 2018
Cell-Ed, Inc. is a mobile e-learning provider based in Palo Alto, California, focused on improving the skills of low-skilled, low-literate, and low-wage workers globally. Founded in 2011, the company offers a comprehensive mobile messaging platform that enables employers and educational institutions to reach, teach, and engage entry-level workers using various devices, including smartphones, tablets, and even flip phones. The platform features courses, coaching, and tools such as push notifications, reminders, surveys, and assessments to track user engagement and progress. By helping workers acquire essential literacy, language, and workforce-ready skills, Cell-Ed aims to enhance their employability and increase their hourly wages.

Upswing

Venture Round in 2017
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.
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