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Mentor Collective raises $3 million in a seed funding round

Boston based edtech startup “Mentor Collective” raises $3 million in a seed funding round. The funding round was led by “Lumina Foundation” along with the participation from IU Ventures, Strada Network, 10x Impact, EduLab Capital Partners and Emerge Education. This funding brings the total company’s raised funds to $4.73 million. Mentor development helps online learners and first-year students to develop their careers professionally and academically. Mentor Collective has partnered with more than 60 colleges across the nation and some of them include Princeton University, Pennsylvania State University and Indiana University Bloomington. “We’ve taken out that power dynamic, and it’s allowed for a deeper set of core relationships. They feel like they have a connection and a link with an upperclassman,” said, George White, Managing Director, Student Access and Success at Lehigh University. Mentor Collective would use the raised funds to increase its user base and expand its operations in other countries.