What Company is Offering:
Retention Education, Inc. is an education company committed to the development and distribution of educational solutions, specifically the Sed de Saber product line, that help Hispanic adults improve their work skills and their daily lives. Sed de Saber is currently teaching conversational English to roughly 55,000 Hispanic workers in the foodservice, hospitality, and construction industries, as well as 10,000 Hispanic parents of English language-learning children via our nation's school systems. According to the U.S. Census data, there are currently between 10 and 15 million limited English-proficient Hispanic adults living in the United States.
How Much They Got From VCs:
Retention Education, Inc., a privately held educational company that creates language acquisition solutions for adult learners of English as a Second Language and Spanish as a Second Language, announced the completion of its Series B funding round from MK Capital, Ascend Venture Group, Ironwood Equity Fund and OCA Ventures.
"We are excited about the opportunity to support Retention Education in its quest to offer effective, innovative and engaging solutions to assist the Hispanic workforce, parents and adult students in language acquisition," said Karen Buckner, Partner and Chief Operating Officer of MK Capital.
About VCs:
MK Capital is a venture capital fund with headquarters in Chicago and an office in Los Angeles. MK Capital invests in emerging companies in education technology, software, digital media and outsourced services. Each of the Fund's principals has substantial operating experience and a proven track record of helping small business grow successfully. For more information, visit http://www.mkcapital.com .
More at:http://www.seddesaber.com
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