Friday, October 19, 2012

Bill & Melinda Gates Foundation Boosts School Networking Startup

The Bill & Melinda Gates Foundation has boosted its investment in Inigral, a startup developing Facebook, iPhone, and Android apps which help universities engage with admitted students, Inigral said Thursday. Inigral said it raised $3.25M in a funding round, which came from Retro Venture Partners and The Bill & Melinda Gates Foundation. Inigral's software helps universities better predict and encourage actual enrollment after a student has been admitted into a school. The Bill & Medlinda Gates Foundation first invested in Inigral in 2011. The firm is one of the rare, for-profit investments by the foundation. Back in 2011, the Gates Foundation had said it made the investment to boost college completion rates in the United States. More information »