CUPERTINO, Calif., April 11, 2016 /PRNewswire/ -- Today Edunav, Inc., a leading developer of student academic planning and optimization software for the higher education market, announced the closing of its Series A Funding, co-led by Opus Capital Partners and Learn Capital. Funding will be used to advance product development and fulfill customer demand, as its Launch Program for 2016 has exceeded capacity.
"Time to completion is more important now than ever before as states move to performance-based funding. Partnering with leading investors like Opus Capital and Learn Capital will allow Edunav to help more institutions reach their performance targets," said Isaac Segal, President and CEO of Edunav.
"Edunav's technology and products can dramatically improve institutions' key performance metrics such as time to completion and optimal seat utilization," said Dan Avida, General Partner at Opus Capital, "we are excited to back Isaac and his team in their efforts to help students graduate successfully and efficiently."
"Edunav is helmed by a deeply experienced higher education technology team, and it currently has no credible competitor for solving a complex problem that's become a severe pain point for colleges globally. Personalized pathways to graduation that are automatically optimized for every student is a game changer," remarked Rob Hutter of Learn Capital.
Without Edunav, students struggle with the difficult task of figuring out which courses they need to take, in the correct order, with a schedule that they can actually register for to stay on track for graduation leading to 'random acts of enrollment', wasted credits, and increased time to completion. Edunav's patented SmartPlan algorithm makes this easy for students by automatically recommending the best available schedule (courses and sections) for their coming semester as well as courses for each semester thereafter – all the way to graduation.
"Edunav is incredible," said a student using Edunav for the first time. "Edunav is like a smartphone compared to the ancient flip-phone era planning tools we current use."
Headquartered in Silicon Valley, Edunav is the leading provider for student academic planning (e-advising) and institutional resource optimization for higher education. Edunav's institutional cloud-based service helps students graduate sooner and institutions to optimally size future course capacities. Edunav's SmartPlan algorithm automatically recommends to each student the best available schedule (courses and sections) for their coming semester as well as courses for each semester thereafter – all the way to graduation. These SmartPlans also allows future course sizes to be planned so students get the seats they need while eliminating excess capacity.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/edunav-raises-7-million-to-grow-and-service-the-robust-demand-for-edunav-campus-300249100.html
SOURCE Edunav, Inc.