DEBT RELIEF: Education-focused venture capital firm Rethink Impact has led an $11.2 million Series A round for FutureFuel.io, which provides a platform to help employees pay down their student debts. The Boston-based company has now raised a total of $15.7 million, according to a statement.
Founded in 2016, FutureFuel.io allows employers to offer student debt repayment as an employee benefit. The company claims it can help users pay off their debt up to five years faster.
Other participants in the fundraising round include Breton Capital, First Data, G9 Ventures, The Impact Engine, Salesforce Ventures, SixThirty and Vulcan Capital.
Rethink Impact founder and managing partner Jenny Abramson has joined the FutureFuel.io board of directors. Rethink Impact has also invested in Winnie, Guild Education, Trilogy and Everfi.
