Interfolio Announces $12 Million in First Institutional Financing to Grow Faculty Focused Higher Education Software Business; Financing Led by Quad Partners
WASHINGTON, D.C., January 11th, 2016 /Marketwire/ — Interfolio, the pioneer in academic decision support software, announced today that it has raised over $12 million in institutional financing to fund its growth. The financing was led by Quad Partners, a private investment firm focused exclusively on the education industry.
“With all the investment and innovation that has occurred in education technology, one particular group has been left behind: faculty,” said Andrew Rosen, CEO, Interfolio. “Our focus is building software that makes faculty life easier and more productive. Faculty will be able to focus on both teaching and research and our software will help them take care of everything else.”
This investment will enable the company to continue to serve its clients with an expanded set of services and catalyze Interfolio’s position at the forefront of the movement to invest in faculty technology. This investment will further enable Interfolio to assist post-secondary educational institutions to intelligently enhance revenue and increase strategic focus on their core mission.
“We look for higher education technology companies that have strong traction in solving large problems with opportunities for accelerated growth,” said James Tieng, a Principal at Quad Partners. “Interfolio is poised to both define and lead the market of academic decision support software and faculty focused technology in higher education.”
The investment will be used to fund strategic growth, enabling the company to both enhance its current services and software while at the same time developing tools and additional software to make administrative workflows easier for faculty.
About Quad Partners
Quad Partners was founded in 2000 to make value-added private investments in the education industry. Today, Quad is one of the most active investors in privately-owned education companies in the United States. Visit www.quadpartners.com to learn more.
Interfolio is on a mission to create inspired user-centric products focused on solving large, evolving problems in higher education. ByCommittee™ is the first administrative enterprise SaaS solution to facilitate academic decision support and provide an engine for intelligent decision making in higher education. Visit www.interfolio.com to learn more.