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Non-Profit Foundation
stradaeducation.org

Investments

35

Portfolio Exits

6

Funds

1

Partners & Customers

7

About Strada Education Network

The Strada Education Network backs ventures focused on creating solutions that will serve working learners and help define the learning ecosystem of the future. The company is based in Indianapolis, Indiana.

Headquarters Location

9998 Crosspoint Boulevard Suite 400

Indianapolis, Indiana, 46256,

United States

800-635-3743

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Latest Strada Education Network News

Pima Community College, Tucson, Arizona Pima Community College Receives Grant to Strengthen Employer Partnerships and Connect Learners with Opportunities

Jun 23, 2023

Tucson, AZ –  Pima Community College will receive $400,000 over the next two years as part of Strada Education Network’s Employer and Community College Partnership Challenge to support innovative employer partnerships that connect learners to in-demand employment opportunities and strengthen regional economies. During the initial phase of this initiative, Pima will work with American Medical Response, Competitive Engineering Inc., and Leonardo Electronics U.S. Inc. to create new on-ramps to high quality education and build clear pathways to high-skilled jobs. “Pima is committed to transformational change to advance equitable workforce development,” Pima Chancellor Lee D. Lambert said. “Our Centers of Excellence provide opportunities to advance equity at scale and this funding ensures all of our learners have access to high-wage jobs.” Strada Education Network created this grant-making initiative to partner with community colleges to support stronger regional economies and communities. The initiative aims to improve employment and socioeconomic outcomes for students who historically have faced significant barriers to economic mobility. “We are honored to be selected by Strada Education Network for this grant,” Pima Dean of Workforce Development & Lifelong Learning Amanda Abens said. “Pima’s Employment Accelerator will jumpstart high-wage employment opportunities for diverse learners in Pima FastTrack and other accelerated models.” In addition to Pima, 10 other colleges received grants: Broward College, Fort Lauderdale, Florida Carl Albert State College, Sallisaw, Oklahoma Community College of Rhode Island, Warwick, Rhode Island Green River College, Auburn, Washington Honolulu Community College, Honolulu, Hawaii Ivy Tech Community College, Indianapolis, Indiana MiraCosta College, North San Diego County, California Salt Lake Community College, Salt Lake City, Utah Surry Community College, Dobson, North Carolina West Georgia Technical College, La Grange, Georgia “At Strada, we believe in investing in innovative solutions that deliver results beyond completion,” Strada Education Network President and CEO Stephen Moret said. “Community colleges have long played a critical role by serving the dynamic needs of both learners and  employers in their communities. We are thrilled to have the chance to support college leaders and employers who are coming together to provide timely opportunities for learners.” Strada Education Network is a national nonprofit organization dedicated to helping people take advantage of education and training after high school that helps them secure a good job, do meaningful work, contribute to their communities, and lead a fulfilling life. Strada helps students succeed beyond completion of a certificate or degree through its research, charitable grants, and social impact investments, as well as through the work of Strada-supported nonprofit organizations, CAEL, Education at Work, InsideTrack, and Roadtrip Nation, which directly serve learners and workers. Learn more at stradaeducation.org . Contact:

Strada Education Network Investments

35 Investments

Strada Education Network has made 35 investments. Their latest investment was in Plum as part of their Convertible Note on February 2, 2023.

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Strada Education Network Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/21/2023

Convertible Note

Plum

$6M

Yes

3

11/17/2022

Grant - III

Salt Lake Community College

Yes

2

5/3/2022

Series A

Line Financial

Yes

1

1/18/2022

Grant

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10

1/18/2022

Grant - III

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10

Date

2/21/2023

11/17/2022

5/3/2022

1/18/2022

1/18/2022

Round

Convertible Note

Grant - III

Series A

Grant

Grant - III

Company

Plum

Salt Lake Community College

Line Financial

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Amount

$6M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

2

1

10

10

Strada Education Network Portfolio Exits

6 Portfolio Exits

Strada Education Network has 6 portfolio exits. Their latest portfolio exit was Nepris on February 21, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/21/2022

Acq - Fin

$99M

1

1/31/2022

Acquired

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$99M

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10

6/14/2021

Merger

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$99M

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10

6/14/2021

Shareholder Liquidity

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$99M

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10

3/9/2021

Acquired

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$99M

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10

Date

2/21/2022

1/31/2022

6/14/2021

6/14/2021

3/9/2021

Exit

Acq - Fin

Acquired

Merger

Shareholder Liquidity

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Strada Education Network Acquisitions

2 Acquisitions

Strada Education Network acquired 2 companies. Their latest acquisition was Emsi on April 25, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/25/2018

$99M

Acquired - II

2

5/8/2017

Series E+

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$99M

$99M

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10

Date

4/25/2018

5/8/2017

Investment Stage

Series E+

Companies

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Valuation

$99M

$99M

Total Funding

$99M

Note

Acquired - II

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Sources

2

10

Strada Education Network Fund History

1 Fund History

Strada Education Network has 1 fund, including Strada Education Innovation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Strada Education Innovation Fund

$1.5M

1

Closing Date

Fund

Strada Education Innovation Fund

Fund Type

Status

Amount

$1.5M

Sources

1

Strada Education Network Partners & Customers

7 Partners and customers

Strada Education Network has 7 strategic partners and customers. Strada Education Network recently partnered with Skillful on April 4, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

4/15/2021

Partner

Canada

Indiana Partnership to Have Nationwide Reach as Skillful, Strada Education Network, Ivy Tech Community College and The State of Indiana Deliver New Tools and Training for Career Coaches - Markle.

The Rework America Alliance , a national collaboration of civil rights organizations , nonprofits , private sector employers , labor organizations and educators , is opening opportunities for millions of unemployed and low wage workers to move into good jobs , particularly people of color who have been disproportionately impacted by the current economic crisis.Skillful is contributing resources to the Alliance as it aims to help unemployed people across the country return to the workforce in better jobs with greater career potential .

1

4/15/2021

Partner

United States

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10

12/8/2020

Partner

United States

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10

11/11/2020

Vendor

United States

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10

7/17/2018

Partner

United States

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10

Date

4/15/2021

4/15/2021

12/8/2020

11/11/2020

7/17/2018

Type

Partner

Partner

Partner

Vendor

Partner

Business Partner

Country

Canada

United States

United States

United States

United States

News Snippet

Indiana Partnership to Have Nationwide Reach as Skillful, Strada Education Network, Ivy Tech Community College and The State of Indiana Deliver New Tools and Training for Career Coaches - Markle.

The Rework America Alliance , a national collaboration of civil rights organizations , nonprofits , private sector employers , labor organizations and educators , is opening opportunities for millions of unemployed and low wage workers to move into good jobs , particularly people of color who have been disproportionately impacted by the current economic crisis.Skillful is contributing resources to the Alliance as it aims to help unemployed people across the country return to the workforce in better jobs with greater career potential .

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Sources

1

10

10

10

10

Strada Education Network Team

7 Team Members

Strada Education Network has 7 team members, including current President, Tom Dawson.

Name

Work History

Title

Status

Tom Dawson

Laureate International Universities France, Bill & Melinda Gates Foundation, and U.S. Department of Education

President

Current

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Name

Tom Dawson

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Work History

Laureate International Universities France, Bill & Melinda Gates Foundation, and U.S. Department of Education

Title

President

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Status

Current

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