EdTech Startup ExecOnline Secures $16 Million

ExecOnline announced it has secured $16 million in Series B financing. NewSpring Capital, Osage Partners, New Atlantic Ventures, and Kaplan Ventures participated in the funding.

ExecOnline partners with elite business schools to enable executives at the world’s largest companies to master and apply critical insights and practical solutions. The company’s goal is to break the compromise between cost and quality through a dynamic and interactive online learning environment that scales across the enterprise and fosters collaborative skill-building. ExecOnline provides school partners with everything they need to develop successful online executive education programs, including a customizable learning management system, online instructional design, and full sales and marketing capabilities.

In its announcement, ExecOnline said proceeds from the round will be used to extend its market leadership through expanded sales and marketing capabilities and to grow its suite of enterprise-focused online leadership development offerings.