CLOUD CASH: Kuali, a higher-ed startup that makes cloud software for colleges and universities, has raised $12 million in a Series A-1 funding round led by Owl Ventures and Mercato Partners. Kuali will use the funds to continue growing and developing its latest offering, called Kuali Build, which schools can use to build customized apps, according to a press announcement.
Based in Salt Lake City, Utah, Kuali was founded in 2005 as a nonprofit, open source campus management software provider, and in 2014 pivoted to become a for-profit company. The startup raised $10 million in venture capital in February 2018, and a majority of those funds were used to build out the company’s tools such as a student information system and Kuali Research, a management software for research funding.
Disclosure: Tory Patterson, managing director at Owl Ventures, is on the board of EdSurge.
