Income Share Agreements in Higher Education: Weekly News & Funding

Welcome to the Meratas Memo’s Weekly Roundup! This is your weekly fix of higher education and alternative financing news. Here are this week’s stories:

Career Karma announces $10M in Series A funding

Career Karma announced today that it raised $10M in Series A funding led by Initialized Capital. The startup specializes in helping people find re-skilling opportunities in tech through its bootcamp partners. They stated that they wanted to raise this capital to hire a team that would take the platform beyond matching people to bootcamps and allow entities with career advice to have a platform to share their knowledge.

With the advent of the recent pandemic and re-skilling being seen as more essential now than ever before, the company looks to make an even bigger impact on the world of tech and the future of work.

Read the full story on Edsurge here.

More colleges are offering Income Share Agreements

More colleges and universities are beginning to experiment with pilot ISA programs in efforts to offer other forms of financing to their students. While this is largely being done by vocational programs and small colleges, many schools are pushing forward.

Many of these programs remain as experiments especially with the on going pandemic as data from these programs, including student perception, are still very fresh and limited.

Read the full story on Edsurge here.