CIVITAS LEARNING, a higher education startup that offers predictive analytics to help colleges retain students, has added the Lumina Foundation and Valhalla Charitable Foundation to its list of investors. Exact numbers for the deal were not released; however, a press announcement states that the recent funding is a continuation of the company’s $60 million Series D round, which EdSurge reported on in 2015. Altogether the company has raised $70 million to date.
News about the added funds comes nearly a month after Civitas laid off around 10 percent of its staff. CEO Charles Thornburgh told Austin Inno last week that the layoffs were part of a “strategic shift” that “forced [Civitas] to let go of some talent and post new jobs for positions better suited for the company’s future” in personalized pathways and predictive analytics offerings.
Based in Austin, Texas, Civitas claims to partner with more than 300 colleges and universities across the country and reaches more than 7 million students around the globe.
