OMERS-backed Cengage leads $3.7 mln financing of Pathbrite
Ed-tech specialist Pathbrite Inc has raised US$3.7 million. The deal was led by Cengage Learning, an educational content, technology and services provider, with the participation of ACT and Serious Change. San Francisco-based Pathbrite plans to use the funds to develop its portfolio learning platform by creating customized solutions for post-secondary and corporate partners. Based in Boston, Mass., Cengage is a portfolio company of OMERS Private Equity, an investment arm of the Ontario Municipal Employees Retirement System. OMERS and Apax Partners acquired Cengage with Toronto-based Nelson Education Ltd in 2007.
4 June 2014•4 mins read
