Gates Foundation Funds Inigral's Schools Facebook App for Keeping Students Enrolled
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Inigral raised $2 million in funding from the Bill and Melinda Gates Foundation — the foundation’s first investment in a for-profit company. Earlier investors Retro Venture Partners and Founders Fund also put $2 million into the Series B round.
The total $4 million will go towards Inigral’s Schools Facebook app, which keeps college students from dropping out by connecting them with like-minded classmates.
We previously profiled the Schools app, which colleges can license and distribute to newly admitted students.