CAMBRIDGE, Mass., Feb. 6, 2017 /PRNewswire/ -- CollegeVine, a national provider of student mentoring and college admissions guidance, today reported steady growth in 2016, wrapping up its fourth admissions cycle in business with the achievement of several key milestones. CollegeVine revenue grew by 326 percent from 2015—a strong indicator of the growing demand for the company's specialized services and appeal of its unique, near-peer mentorship program.
Beyond the significant growth of its revenue, CollegeVine achieved numerous milestones in 2016, including:
- Paid Client Results – The number of CollegeVine clients rose by 300 percent over 2015, with students applying Early Action and Early Decision achieving a 46 percent acceptance rate to the Ivy League and equivalent schools – more than twice the national average;
- Pro Bono Program – The company continued its pro bono program, identifying and selecting 21 deserving students, who were accepted into schools such as Princeton, Caltech, and University of Michigan, Ann Arbor;
- Leadership Expansion – Edtech veteran Jon Carson joined CollegeVine as CEO in 2016, and the company tapped former Zipcar CTO Doug Williams and Harvard Business School professor Deepak Malhotra to join its Board of Advisors and Board of Directors, respectively;
- Capital Raise – CollegeVine completed a $3.1 million Series A funding round led by Morningside Technology Ventures with participation by New York-based University Ventures, after which Morningside's founder Gerald Chan also joined the CollegeVine board;
- Staff Growth – The company expanded its network of near-peer consultants from 80 to more than 300 college students at the nation's top universities. The company expanded its recruiting reach from a dozen campuses to over 20;
- Mentorship Program Launch – CollegeVine launched a robust near-peer mentorship program for high school students, with customized services for freshmen, sophomores and juniors to develop their interests and get the most out of their high school experience;
- New SAT Tutoring Program – To better prepare students for the SAT while addressing changes implemented by the College Board in March 2016, CollegeVine updated its SAT tutoring program, making it one of the most comprehensive in the nation;
- New ACT Tutoring Program – To better prepare students for the ACT, CollegeVine updated its ACT tutoring program, making it one of the most comprehensive in the nation as well;
- Thought Leadership – In 2016, CollegeVine management was invited to speak at multiple sessions including a keynote at GSV/ASU, the premier edtech thought leadership conference. In addition, CollegeVine founders were widely quoted as industry experts in such media outlets as U.S. News & World Report, TeenVOGUE, The Boston Globe and many others; and
- Successful Blogs – CollegeVine launched its Zen blog in 2016 to address the growing stress families experience throughout the admissions process, and continued its industry-leading CollegeVine blog as well, with up to 100 high-density posts per month.
"When I initially became involved in this company as a mentor at the Harvard Innovation Lab program, I saw enormous potential in the model its founders were building," said CollegeVine CEO and edtech veteran, Jon Carson. "Now, as CEO, I am both pleased and gratified by a year marked with such client success and growth."
CollegeVine is a leading provider of one-on-one mentorship, academic and test prep tutoring, and college applications guidance. The company features an expansive network of near-peer advisors at the nation's top universities—their experience representing more than 20 different majors, substantial extracurricular activities and far-ranging success. For more information, visit www.collegevine.com.
Kristien Brada-Thompson, Priority PR
818-661-6368 x4 / firstname.lastname@example.org
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