In 2010, applications to highly selective colleges increased by more than 5%—and acceptance rates dropped by an average of 8%.
Aristotle Circle Raises $2 Million Series B Funding
NEW YORK, April 19, 2011 /PRNewswire/ -- Aristotle Circle, Inc., the leading expert network for admissions, today announced the closing of $2 million in funding. The Series B investment was made by Rho Ventures. The New York-based company will use the capital to further advance its online technology as well as extend sales efforts globally.
"Test preparation alone no longer gives students a competitive edge in admissions. Today with the perfect storm of lower acceptance rates, increased competition, and over-burdened school guidance counselors, families need expert advice to help navigate the school admissions process more than ever before," said Suzanne Rheault, CEO and Founder of Aristotle Circle. "Our mission is to make personalized insight from the best admission experts available to all families. This round of funding and the investment by a firm of Rho Ventures' caliber are validations of our vision and an exciting milestone for our company."
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