SchooLinks

SchooLinks Raises $80 Million in Series B - October 20, 2024

Executive Summary

SchooLinks provides a comprehensive College and Career Readiness (CCR) platform for K-12 school districts, democratizing access to resources and opportunities for students across the United States.

Funding Amount: $80 Million

Valuation: Undisclosed

Round Type: Series B

Announced: October 20, 2024

Headquarters: Austin, Texas

Category: EdTech - College & Career Readiness

About SchooLinks

SchooLinks was founded in 2015 and is headquartered in Austin, Texas.

SchooLinks provides a comprehensive College and Career Readiness (CCR) platform for K-12 school districts, democratizing access to resources and opportunities for students across the United States.

Funding Round Details

Investment Amount

SchooLinks successfully raised $80 Million in this Series B funding round.

Lead Investors & Participants

Susquehanna Growth Equity (SGE) (Lead Investor): Growth equity firm leading the minority investment

The Stephens Group (Investor): Private investment firm participating in the round

Strada Education Foundation (Strategic Investor): Education-focused foundation investing in student success

American Student Assistance (Strategic Investor): National nonprofit focused on career readiness and financial education

Use of Funds

The $80 million will expand SchooLinks' growing suite of CCR offerings, accelerate the ecosystem of products facilitating connectivity between K-12, higher education, and employers, and support expansion across all 50 states (currently in 40 states).

Key Metrics & Achievements

• Largest U.S. edtech deal of 2024
• Operational in 40 states (targeting all 50)
• 15x more districts served since Series A
• 10x more students served since Series A
• Founded by Katie Fang, Forbes 30 Under 30 entrepreneur
• Connects K-12, colleges, and employers in single platform
• Democratizing access to college and career opportunities

Business Model

SchooLinks operates on a SaaS model, licensing its CCR platform to school districts on a per-student basis. The platform provides students with career exploration tools, college planning resources, scholarship matching, and connections to employers and higher education institutions. Revenue comes from annual district subscriptions.

Market Opportunity & Competition

SchooLinks competes with Naviance (PowerSchool), Xello, CFNC, and MaiaLearning in the college and career readiness platform market. The company differentiates through comprehensive ecosystem connecting K-12, colleges, and employers, modern user experience, and strong growth despite challenging edtech funding environment (2024 was worst year for edtech VC in a decade).

This fundraising report was announced on October 20, 2024 and represents verified data from TechCrunch, Crunchbase, Bloomberg, Business Wire, and official company announcements.