Financial Aid Startup CampusLogic Raises $55M to Fund Future Edtech Acquisitions

For some, the words “financial aid” stirs up reminders of grueling applications and the anxiety of coping with skyrocketing college tuition.

Phoenix-based CampusLogic aims to chip away at some of those challenges by helping institutions manage and award financial aid to more students, as well as reduce student borrowing by connecting colleges with private grant and scholarship opportunities for students.

To get there, the company is first doing a bit of borrowing of its own. Today, CampusLogic announced it has raised $55 million from software investor, JMI Equity, to grow its product, customer success, sales and marketing teams—and to purchase other companies.