NASHVILLE, Tenn., July 7, 2016 /PRNewswire/ -- Crimson Ventures announces its investment of a minority position in Thrivist, LLC. Thrivist, based in Franklin, Tenn., offers its learning and analytics platform to K-12 schools, enabling them to develop, deliver and manage online learning (or e-learning), and leverage learning analytics to improve student outcomes.
"Crimson Ventures is excited to partner with this innovative education company whose strong management team and software solutions are already making an impactful contribution in the K-12 marketplace," Managing Partner Rob Walker said. "We will now begin seeking additional investment partners and new team members who share our values and vision for growth."
As part of the transaction, Walker will receive a board position with Thrivist.
Andrew McGarrity, CEO of Thrivist, commented, "At Thrivist, we focus on one thing – helping learners thrive – and this operational and investment partnership with Crimson further strengthens our ability to accomplish that mission. Adding someone of Rob's experience and reputation to our team will definitely allow us to accelerate our development and expansion as we serve K-12 schools."
About Crimson Ventures: Crimson Ventures, based near Nashville, Tenn., began operations in 2016 although its history via predecessor companies dates back to 1993. Crimson is a management consulting and angel investing company with more than 20 years of experiences assisting companies at key inflection points such as hyper-growth, capital raising, M&A transactions, business exits, turn-arounds and more. Additional information is available at www.CrimsonVenturesLLC.com.
About Thrivist: For K-12 schools implementing blended and digital learning strategies, Thrivist is a learning and analytics platform that enables schools to develop, deliver and manage online learning and leverage learning analytics to improve outcomes. The company's software is offered via a Software as a Service model and is being used in more than 25 school districts today. Additional information is available at www.Thrivist.com.
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SOURCE Crimson Ventures