Regent Education takes $2.5M to develop financial aid tech
Regent Education Inc., a developer of financial aid management software, took in $8.25 million in a second funding round, VentureWire reports. Chrysalis Ventures led the round with a $2.75 million contribution, while previous investor Edison Venture Fund brought in $2.5 million.
Chrysalis managing director Bob Saunders and Edison principal Sever Totia both sit on Regent’s board. The Frederick, Md. tech company provides software to institutions of higher education, among others, to streamline the administration of financial aid to students. It plans to sink its new funds into market penetration efforts and product development.
Next Story: Foundry invests in Pie for easier home networking
Previous Story: Stock market plunges badly as bailout stalls in House — Dow down 7%, Nasdaq down 9%
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.