UniversityNow Raises $19 Million to Deliver a Cheaper College Education

UNIVERSITYNOW: $19 million to San Francisco, CA-based UniversityNow in a Series C round led by Bertelsmann SE & Co. KGaA and First Analysis Corp., with existing investors University Ventures, Novak Biddle Partners, Kapor Capital, and Bronze Investments participating. The company has now raised $42 million, which includes a $17.3 million Series B round in June 2012. Founded in 2010, UniversityNow runs two accredited online universities (Patten University and New Charter University) that offer undergraduate and graduate degrees for an affordable, flat rate.

This post has been edited to reflect updated information in the company press release.

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