Latest Next Act Fund News
Oct 30, 2020
Funding U, an Atlanta, GA-based financial technology company serving high-performing, underrepresented college students, closed a $14m debt and equity funding.Investors providing $4m in equity include Deciens Capital, Valor Ventures, MacKenzie Scott, Next Act Fund LLC and The JumpFund.The company also added Goldman Sachs Urban Investment Group to its roster of credit providers, with a $10m line of credit.The equity investment and the credit facility will scale operations and provide “last gap” loans, credit education and career networking to more than 1,500 career-focused students attending four-year colleges in the US.Founded in 2016 in Georgia and operating nationally since 2018, Funding U has, to date, originated $6.1M in loans to 690 students enrolled in colleges and universities across the U.S.FinSMEs29/10/2020 Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
Next Act Fund Team
2 Team Members
Next Act Fund has 2 team members, including current President, Yvonne Campos.