ConnectEdu Grabs $4.9M

11/9/10

ConnectEdu, a Boston-based developer of online software for college admissions and career planning, has brought in $4.9 million of a targeted $7 million equity offering, an SEC filing reveals. The startup raised an $8.2 million Series C funding round in 2009, with investments from Allen & Co. and other backers. The money for the newest funding round comes from 47 investors, according to the filing, which does not name the backers. ConnectEdu’s board includes former U.S. Secretary of Education Margaret Spellings.

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