SimpleTuition’s job of providing resources to help students responsibly borrow, maintain, and retire student debt just got $4 million easier.
The $4 million in venture funding comes from a trio of previous investors in the company: Atlas Ventures, Flybridge Capital Partners, and North Hill Ventures. The additional capital brings SimpleTuition’s funding total to more than $21 million, excluding $5 million in debt financing from August of last year.
With tools like Student Loan Comparison, SmarterBank, and SmarterBucks, SimpleTuition provides students and their families with resources to help them make informed decisions about financing higher education. The company’s recent acquisition of ValoreBooks allows them to help students minimize the cost of textbooks, as well.
SimpleTuition plans to invest its new capital in marketing and development initiatives in each of its three main lines of business: student loans, textbooks, and rewards. They presented their technology as part of FinovateStartup back in 2008. Learn more about them here.