Higher Ed, Element451, Secures $1 Million in Seed Financing from Cofounders Capital

Element451 is closer to its vision of making advanced recruiting technology accessible to more colleges thanks to a $1 million seed round investment from tech venture fund Cofounders Capital.

Creators of the cloud-based customer relationship management platform say they will use the funding and strategic guidance to accelerate company growth.

The news comes at a time when colleges are struggling to find innovative ways to increase student enrollment and simultaneously cut costs. Post-secondary enrollments decreased 1.7 percent from 2018 to 2019, according to the National Student Clearinghouse Research Center. 2019 was the eighth consecutive year enrollment in the U.S. decreased.

Read More: https://martechseries.com/content/email-mktg/new-type-student-recruitment-crm-higher-ed-element451-secures-1-million-seed-financing-cofounders-capital/