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ACQUIRED COMPANY
 
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Entangled Group  Acquired by Guild Education (2020 $ 80,000,000 )

55 2nd Street, 25th Floor
San Francisco, CA 94105
USA
Website Company Summary Management Team
Management

President/COO/Operations: Kim Umemoto (1/31/2018) ; Gunnar Counselman ; Nick Hammerschlag (9/30/2016)
General Management: Allison Salisbury
Finance: Paul Sheppard (5/31/2017)
Sales/Marketing: Chris Povio ; Michael Horn
Former Employees: Eleanor Cooper
Board

Company

Business description: Entangled Group, an Educational Technology Studio, builds companies that instigate change in education. It recruits builders to shape, develop and launch ideas associated with long-term educational themes. By contributing product, recruiting, sales and distribution, capital and all operational resources, Entangled enables the quick and efficient creation of transformative companies. Partners include top universities willing to contribute to and beta test our products and services; this dramatically reduces time to market and increases likelihood of mass adoption. Entangled’s companies get the resources of a larger company with the ownership structure of a startup. The mission is to be the best in the world at building exceptional education companies. Their investor is ReUp, is an organization dedicated to helping college students who drop out to re-enroll and graduate. 40 percent of college students in the United States don’t end up getting their degree, and these students are disproportionately from lower class backgrounds. Many dropouts are the first in their family to go to college, and all face a myriad of financial, social, and academic challenges that keep them from finishing. These students are often forced to take jobs that don’t pay as well, don’t ignite their passion, and don’t let them reach their potential — and they leave college with the same amount of debt as a graduate, minus the earning power of a diploma.
Capital

Rounds: 2
Recent Fundings: Mar 2019   Jan 2018
Capital raised: 19.0M
Last Round: 15.0M
Ownership: Acquired by Guild Education (2020 $ 80,000,000 )
VCs include: Tencent Holdings Report 1

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Overview
Record updated: May 2020
Sector: Professional Services
Year Founded: 2014
Headcount: 76-100 as of May 2020
Rounds: 2
Recent Fundings: Mar 2019   Jan 2018
Capital Raised: 19.0M
Last Round: 15.0M
Ownership: Acquired by Guild Education (2020 $ 80,000,000 )