About College Ave
College Ave is a company based in Wilmington (United States) founded in 2014 by Timothy Staley was acquired by Thrivent in September 2022.. College Ave has raised $50 million across 4 funding rounds from investors including Thrivent, Guggenheim Investments and Comcast Ventures. The company has 87 employees as of December 31, 2022. College Ave operates in a competitive market with competitors including Navient, ClimbCredit, Ascent, Credible Labs and LendKey Technologies, among others.
- Headquarter Wilmington, United States
- Employees 87 as on 31 Dec, 2022
- Founders Timothy Staley
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Sectors
EducationFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name College Avenue Student Loans, Ll
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Software Development Team
13 people
Sales and Marketing
12 people
Finance and Accounting
8 people
Product Management Team
7 people
Legal and Compliance
4 people
Data Analysis and Operations Team
4 people
Head Team
3 people
Leadership Team
2 people
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Funding Insights of College Ave
College Ave has successfully raised a total of $50M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $385 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $385.0M
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First Round
First Round
(27 Jan 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Debt – Conventional - College Ave | Valuation |
investors |
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| Feb, 2019 | Amount | Debt – Conventional - College Ave | Valuation |
investors |
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| Apr, 2017 | Amount | Series C - College Ave | Valuation | Comcast Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in College Ave
College Ave has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Thrivent, Guggenheim Investments and Comcast Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Comcast Ventures is focused on investing in technology startups.
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Founded Year | Domain | Location | |
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Venture capital financing is offered to innovative entrepreneurs.
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Founded Year | Domain | Location | |
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DW Partners is engaged in real estate debt investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by College Ave
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - College Ave
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
College Ave Comparisons
Competitors of College Ave
College Ave operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Navient, ClimbCredit, Ascent, Credible Labs and LendKey Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Student loans and federal servicing are provided by Navient.
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| domain | founded_year | HQ Location |
Education loans are offered to students at partner schools.
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| domain | founded_year | HQ Location |
Software development and cloud services are provided by Ascent.
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| domain | founded_year | HQ Location |
Alternate lending for student loans and refinancing is provided.
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| domain | founded_year | HQ Location |
Student & Home improvement loans online by local community lenders
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on College Ave
Frequently Asked Questions about College Ave
When was College Ave founded?
College Ave was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is College Ave located?
College Ave is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Is College Ave a funded company?
College Ave is a funded company, having raised a total of $50M across 4 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Jan 27, 2016.
How many employees does College Ave have?
As of Dec 31, 2022, the latest employee count at College Ave is 87.
What does College Ave do?
Founded in 2014 and based in Wilmington, United States, College Ave functions as a marketplace in the student lending sector. Undergraduate and postgraduate loans are provided without requiring full-time enrollment. Borrowing limits range from a minimum of 2,000 to up to 100 of school-certified costs, including tuition, fees, books, room and board, transportation, and personal expenses. The loan product is issued by Firstrust Bank, a member of the FDIC.
Who are the top competitors of College Ave?
College Ave's top competitors include ClimbCredit, Navient and Credible Labs.
Who are College Ave's investors?
College Ave has 6 investors. Key investors include Thrivent, Guggenheim Investments, Comcast Ventures, Leading Edge Ventures, and DW Partners.