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ECMC

North America, Pennsylvania, United States, Oakdale

Description

ECMC Group is a prominent nonprofit corporation based in Oakdale, United States, dedicated to improving postsecondary education and career outcomes for students. As a mission-driven organization, ECMC Group extends its impact through various initiatives, including its venture capital arm, ECMC Education Growth Ventures (EGV). EGV's investment strategy is deeply aligned with the parent organization's overarching goal: to foster innovation and drive positive change within the education and workforce development sectors.

ECMC Education Growth Ventures focuses on identifying and investing in early- to growth-stage companies, typically ranging from Seed to Series B rounds. Their portfolio companies are at the forefront of developing solutions that address critical challenges in postsecondary education, such as access, affordability, and student success. Key areas of interest for EGV include education technology (EdTech), workforce training platforms, and innovative models that enhance employment outcomes for learners. This strategic investment approach allows ECMC Group to support scalable solutions that can significantly impact the lives of students and job seekers.

EGV is known for its commitment to long-term partnerships with its portfolio companies, providing not just capital but also strategic guidance and access to their extensive network within the education ecosystem. For initial investments, ECMC Education Growth Ventures typically writes checks ranging from $1 million to $5 million, reflecting their focus on supporting promising ventures in their crucial early stages. Furthermore, EGV demonstrates a strong capacity for follow-on investments, with the potential to deploy over $10 million into a single company throughout its lifecycle, underscoring their dedication to fostering sustained growth and impact. Their investment activities underscore a unique blend of financial acumen and a profound commitment to social good, aiming to create a more equitable and effective educational landscape.

Investor Profile

ECMC has backed more than 28 startups, with 3 new investments in the last 12 months alone. The firm has led 5 rounds, about 18% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Education, Health Care, Recruiting.
  • Led 1 rounds in the past year.
  • Typical check size: $1M – $5M.

Stage Focus

  • Series A (36%)
  • Seed (25%)
  • Series B (18%)
  • Series Unknown (11%)
  • Debt Financing (4%)
  • Pre Seed (4%)
  • Series C (4%)

Country Focus

  • United States (96%)
  • Canada (4%)

Industry Focus

  • Education
  • Health Care
  • Recruiting
  • Edtech
  • Financial Services
  • E-learning
  • Training
  • Artificial Intelligence (Ai)
  • Finance
  • Communities
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does ECMC frequently co-invest with?

Reach Capital
North America, California, United States, San Francisco
Co-Investments: 2
Bonsal Capital
North America, Maryland, United States, Baltimore
Co-Investments: 2
Rethink Education
North America, New York, United States, White Plains
Co-Investments: 5
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 2
New Markets Venture Partners
North America, Maryland, United States, Fulton
Co-Investments: 3
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 2
Comcast Ventures
North America, California, United States, San Francisco
Co-Investments: 2
University Ventures
North America, New York, United States, New York
Co-Investments: 3
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 2
Slow Ventures
North America, California, United States, San Francisco
Co-Investments: 2

Which angels does ECMC often collaborate with?

Shared Deals: 1
GW
North America, California, United States, San Francisco
Shared Deals: 1
LW
North America, Massachusetts, United States
Shared Deals: 1
GF
North America, Georgia, United States, Atlanta
Shared Deals: 1
MG
Europe, England, United Kingdom, London
Shared Deals: 1
Marcel Kasumovich
North America, Canada
Shared Deals: 1
TM
North America, Nevada, United States, Las Vegas
Shared Deals: 1
CF
North America, California, United States
Shared Deals: 1
EL
North America, California, United States, San Francisco
Shared Deals: 1
RB
North America, California, United States, Claremont
Shared Deals: 1

What are some of recent deals done by ECMC?

Be My Eyes

San Francisco, California, United States

Be My Eyes is an application that connects blind and low-vision people with sighted volunteers and companies.

AppsChild CareCommunitiesEnterprise SoftwareEyewearHealth CareMobileMobile AppsSoftwareVideo Streaming
Series AJan 22, 2025
Amount Raised: $6,100,000
Stepful

New York, New York, United States

Stepful helps those without college degrees train for and find entry-level healthcare jobs.

Health CareProfessional ServicesTraining
Series BNov 13, 2024
Amount Raised: $31,500,000
Backflip

Denver, Colorado, United States

Backflip is a proptech fintech firm that enables real estate entrepreneurs to enhance local communities by revitalizing housing.

FinTechiOSPropTechReal Estate Investment
Series AOct 15, 2024
Amount Raised: $30,000,000
Backpack Healthcare

Elkridge, Maryland, United States

Backpack Healthcare is a digital mental health company that focuses on youth, family behavioral, and mental healthcare.

Health CareMedicalMental HealthPersonal Health
Series AMay 7, 2024
Amount Raised: $14,000,000
Backflip

Denver, Colorado, United States

Backflip is a proptech fintech firm that enables real estate entrepreneurs to enhance local communities by revitalizing housing.

FinTechiOSPropTechReal Estate Investment
Series AApr 29, 2024
Amount Raised: $15,000,000
Kyron Learning

Los Altos, California, United States

Interactive video lessons with expert teachers powered by conversational AI.

Artificial Intelligence (AI)E-LearningEdTechEducation
Series ADec 4, 2023
Amount Raised: $14,600,000
MetaBlox

Vancouver, British Columbia, Canada

MetaBlox is a Decentralized ID (DID) enabled network with key building blocks for Web3 and Metaverse.

BlockchainMetaverseWeb3
Series UnknownDec 1, 2023
Amount Raised: $5,000,000
Acadeum

Austin, Texas, United States

Acadeum is a developer of the academic sharing platform.

E-LearningEducationInternet
Series BMay 24, 2023
Amount Raised: $11,920,000
Interplay Learning

Austin, Texas, United States

Interplay Learning is an information technology company that specializes in virtual reality and 3D solutions.

E-LearningEducationTrainingVirtual Reality
Series UnknownApr 13, 2023
Orijin, PBC

New York, New York, United States

Orijin utilizes advances in edtech to help make quality education more accessible to incarcerated learners.

EducationInformation TechnologyMobileSaaSSoftware
Series CJul 12, 2022
Amount Raised: $7,000,000