Full Measure Education, a company enabling student success through a comprehensive technology-based communications platform, announced that it closed a $5.5 million Series B financing round led by Safeguard Scientifics, Inc. (NYSE:SFE) with participation from Bull City Venture Partners. Proceeds from the funding will serve to accelerate Full Measure Education's platform development along with sales and marketing.
Aiming to increase student retention, Full Measure Education engages students and institutions through a combination of live services, innovative technology and customized communications strategies. Full Measure Education connects students to individual success counselors, customized management solutions and partnerships with institutions to ensure higher rates of student completion.
'Full Measure Education was founded to address the national college dropout rate, a prevalent issue affecting students and higher education institutions alike, by looking beyond traditional communication between student and administration,' said Greg Davies, co-founder and CEO of Full Measure Education. 'By providing technology, communications strategies, and live student counselors to support students throughout the education life-cycle, we look forward to realizing fantastic gains in student completion.'
'The team at Full Measure Education has witnessed firsthand the problem of declining student retention and graduation rates for higher education in America,' said Erik B. Rasmussen, Managing Director, Technology at Safeguard, who will be joining Full Measure Education's board of directors. 'Full Measure Education's software-as-a-service platform is focused on helping higher education institutions increase retention and graduation rates while empowering students to successfully navigate the complex administrative processes needed to graduate. We are excited to partner with Full Measure Education to solve the challenges facing higher education today.'
About Full Measure Education
Full Measure Education is a comprehensive, technology-based communications platform that enables greater student success. Full Measure deploys a combination of proprietary technology, a communication strategy that enables meaningful student interactions across hundreds of potential engagement points in the student life cycle and a team of student success counselors ready to help students achieve their goals. Full Measure Education has built a time-tested team of education and technology leaders who know how to solve complex problems with smart solutions. Students take different paths to completion, and Full Measure takes every step, and addresses every challenge, along the way. Because, when it comes to solutions for student success, ten half measures aren't worth one full measure. For more information, please visit http://www.fullmeasureed.com or Follow Us on Twitter @FullMeasureEd.
About Safeguard Scientifics
Safeguard Scientifics, Inc. (NYSE:SFE) has a distinguished track record of fostering innovation and building market leaders. For six decades, Safeguard has been providing growth capital and operational support to entrepreneurs across an evolving spectrum of industries. Today, Safeguard is focused specifically on two sectors-healthcare and technology. Specifically, Safeguard targets early- and growth-stage companies in advertising technology, digital media, financial technology, enterprise software, Internet of Things, devices, diagnostics, digital health and healthcare IT. For more information, please visit http://www.safeguard.com or Follow Us on Twitter @safeguard.