HomeUSAAmerican Student Assistance Plans to Invest $25M To Advance Career and Lifelong...

American Student Assistance Plans to Invest $25M To Advance Career and Lifelong Success Solutions

American Student Assistance

American Student Assistance, a Boston, MA-based national nonprofit dedicated to changing the way kids learn about careers and prepare for their futures, announced its intention to invest $25m in mission-aligned funds and companies with diverse founders as well as early-stage firms.

Over the next five years, this funding will be invested in businesses focused on fostering innovation in career-focused education, intentional postsecondary pathways, and workforce development, in an effort to scale access to critical skill-building experiences and resources that will position middle and high schoolers for career and lifelong success.

The new investment initiative will invest in diverse entrepreneurs of early-stage companies that are achieving at least $500k in annual recurring revenue with an institutional lead investor. The new initiative will also invest in diverse managers of funds that are mission-aligned to ASA’s goals.

Since launching its investment strategy in April of 2022, ASA has invested over $40m in key sectors, such as postsecondary pathways, workforce development, and career-focused education. This was through a combination of funds and direct private investments. ASA also closed four investments in 2022.

Led by Jean Eddy, President and CEO, and Rilwan Meeran, Vice President of Impact Investing, American Student Assistance is a national nonprofit innovating the way kids learn about careers and prepare for their futures through equitable access to career readiness information and experiences. ASA helps middle and high school students to know themselves—their strengths and their interests—and understand their education and career options so that they can make informed decisions. ASA fulfills its mission – in schools and beyond the classroom—by providing free digital experiences, including Futurescape®, Next Voice™, and EvolveMe®, directly to millions of students, and through advocacy, impact investing, thought leadership, and philanthropic support for educators, intermediaries, and others.

VCWire

09/04/2024