SchooLinks secures $80 Million in Series B funding to expand College and Career Readiness platform
Austin-based SchooLinks has announced a $80 million Series B funding round led by Susquehanna Growth Equity (SGE).
The investment will accelerate the development of its College and Career Readiness (CCR) platform, which provides essential resources for K-12 students across the U.S. The funds will be used to further enhance the platform’s suite of products, designed to link K-12 education with higher education and employers.
The company, founded by Katie Fang in 2015, has grown rapidly and now operates in 40 states.
Fang, CEO of SchooLinks, stated: “I’m thrilled to be partnering with mission and vision-aligned investors in our latest funding round. SGE brings a significant amount of experience to the table, including deep experience in SaaS and the education industry.
“We are constantly evolving our platform, including the additions of our workforce solutions, to aid school districts in ensuring that the experiences they provide students continue to be valuable after graduation. With these capabilities we are looking forward to expanding our impact from school districts to employers and this financing round will enable us to accelerate this evolution.”
The SchooLinks platform offers tailored CCR tools such as interactive assessments, scholarship applications, and gamified lessons on financial literacy. It provides students and their families with customised roadmaps that help them plan future career paths.
Josh Elser, Managing Director of SGE, highlighted the importance of SchooLinks in the CCR space, saying:
"SchooLinks has emerged as the leader in the CCR space by bringing district departments together with its intuitive platform, perfectly aligning with our mission to support essential software solutions.
"They’ve not only achieved product-market fit but also redefined CCR with a bold, transformative approach unseen in the last 25 years. We are thrilled to support Katie and her team as they enter this next phase of growth."
The funding will allow SchooLinks to build on its recent expansion, which has seen the platform serving 15 times more school districts and 10 times more students since its Series A funding round. The company continues to grow, with a focus on ensuring students are equipped with the tools necessary for success beyond high school.
Krishna Srinivasan, Founding Partner of LiveOak Venture Partners, praised the company’s progress, stating:
“We laud the incredible execution made under Katie’s leadership that has led SchooLinks to explode in scale and impact while serving school districts, students, and organisations involved in workforce development, as well as an increasing number of employers.
“We think that the team’s execution skills and trajectory align with other SaaS businesses that have gone on to dominate their spaces. This financing round is a testament to the company’s exceptional progress to date and will enable SchooLinks to capitalize further on widespread interest in the CCR space. I am excited to continue to serve on the Board and follow the company’s impact and growth over the next few years.
Ryan Morrow, Managing Director of The Stephens Group, also emphasised the importance of SchooLinks in shaping the future of career readiness, saying:
“We believe SchooLinks is poised to continue its leading product innovation and best-in-class customer service that has made it the premier college and career readiness platform for K-12.”
