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Article: Advanced Academics Secures $7.5 Million Round of Financing; Investment Focused On Expansion Into Additional States and Enhancements of Course Offerings.
- Article from:
- Business Wire
- Article date:
- June 6, 2002
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Business Editors & Education Writers
OKLAHOMA CITY--(BUSINESS WIRE)--June 6, 2002
Baxter Brings, president and CEO of Advanced Academics Inc., an online learning company for students in grades seven through 12, announces today the company has secured $7.5 million in a Series B Preferred Stock financing. New investors were Council Ventures, of Nashville, Chrysalis Ventures, of Louisville, Ky.; and Prosperitas Investment Partners also of Louisville. Previous investors who participated in the financing were Chisholm Private Capital Partners and American Fidelity Group, both of Oklahoma City.
"In a difficult environment for venture capital, I ...