Check out PR Newswire detailing Stride Funding's announcement of closing a $12 million Series A financing round! Led by Firework Ventures, the majority of investors in this round are women venture capitalists and angels, including Juvo Ventures, Graham Holdings, GSV Ventures, Slow Ventures, and Sinai Ventures, along with several industry leaders, academic leaders, and serial entrepreneurs!
Did you know that less than 1% of total funds raised by fintechs has gone to female-founded companies? PR Newswire writes that "both Stride's Seed and Series A rounds were led by women – Deborah Quazzo of GSV Ventures and Brigette Lau of Firework Ventures, respectively." All of Stride Funding's mission-driven investors and advisors are highlighted here!
Our Favorite Quotes From the Article
"We are pleased to back an extraordinary entrepreneur generating impact by realigning EdTech and FinTech," says Lau. "We view Study Now, Pay Later products as the future of educational funding, as they provide much-needed downside protection to students, while aligning the incentives of schools and investors with student outcomes. Stride is purposefully shaping this space and we're thrilled to join them in this journey!"
Donald E. Graham, Chairman of the Board of Directors at Graham Holdings Company (formerly the Washington Post Company) will be one of the many investors monitoring Stride's path forward. "It's heartening to see that the majority of investors in Stride are women venture capitalists and angels," said Graham. "Tess Michaels has beaten the odds while breaking barriers in raising capital. We remain confident that the she will continue this success as she strives to expand educational access."
While closing this seed round, Stride Funding increased their capital committed to funding students 50-fold to over $50 million by partnering with Silicon Valley Bank! Continue reading the full article here!