Deals

SimpleTuition (now Valore) raises $5M venture loan
Date: 
Thursday, August 30, 2012
Categories: 
B2B
eCommerce & Marketplaces
EdTech
Deal Type: 
Funding

Horizon Technology Finance Corporation (Nasdaq:HRZN) ("Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and clean-tech industries, today announced that it has closed a $5 million venture loan to SimpleTuition, Inc. ("SimpleTuition"), a leading provider of tips, advice and interactive tools that help students save on college-related expenses. The funds provided to SimpleTuition will support its continued growth.

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Valore is committed to providing students, teachers and institutions with universal access to affordable courseware and educational resources. Through its textbook marketplace, ValoreBooks, and digital publishing platform, Boundless, the company is uniquely positioned to eliminate the inefficiencies throughout the textbook industry, and to be an agent of change in how course materials are created, acquired, and consumed. 

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