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Mentor Collective Raises $21M To Accelerate Mission Of Bridging Equity Gaps In Higher Education

Jan 24, 2022over 3 years ago

Amount Raised

$21 Million

Boston

Description

Mentor Collective, the leading provider of scalable, structured mentorship programs, announced today that it has raised strategic funding to meet the growing demand for large-scale peer mentorship on today's college campuses. The Series A investment round was led by Resolve Growth Partners - a venture capital and growth equity firm committed to helping technology-enabled companies realize their full potential. Additionally, the round included reinvestments from Mentor Collective's initial thought partner Lumina Foundation - an independent, private foundation in Indianapolis committed to making opportunities for learning beyond high school available to all. In 2021, Mentor Collective - a remote-first company founded in Boston - created over 83,000 mentorships, exceeding the cumulative total of the last six years

Company Information

Company

Mentor Collective

Location

Boston, Massachusetts, United States

About

Mentor Collective—the leading provider of high-impact, large-scale mentorship programming in higher education—is a collective of institutions and thought leaders dedicated to closing the opportunity gap through mentorship. Founded in 2014, Mentor Collective has delivered 700+ unique mentorship programs, established 160+ institutional partnerships, and formed 200,000 mentoring relationships through expert-led research, services, and technology. As an impact-first investment of the Lumina Foundation, Mentor Collective partners with forward-thinking institutions that are committed to equity, inclusion, and relationship-centered education.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech