THE ASSET PURCHASE, WHICH INCLUDES A STUDENT DATABASE OF MILLIONS OF STUDENTS, WILL ACCELERATE THE GROWTH OF CAREER HIGHWAY’S CAREER PATHWAYS PLATFORM
Chicago, IL — Career Highways, a Wisconsin-based educational technology company, has purchased from STEM Fuse (www.stemfuse.com), a provider of digital STEM curriculum to over 15,000 schools, its XLeap work-based learning platform to integrate with Career Highways AI-powered Career Pathways software, providing students jobs, certifications and academic paths to career success.
“STEM FUSE has a significant presence in the student careers’ market. Being able to leverage and build on their technology gives Career Highways the opportunity to fast-track our entrance into the market providing the most robust student career planning and workforce development platform available ’ said Liz Eversoll, CEO of Career Highways.
STEM Fuse has over two million student subscribers who will participate in Career Highways. STEM Fuse is a strategic partner who will distribute Career Highways to K12+ schools and sell the platform to employer and college partners who wish to provide work-based learning and academic opportunities to students and be included in Career Highways.
Carter Tage, CEO of STEM FUSE, stated,” we needed 100% focus on this large opportunity which Career Highways will provide. We are excited to see the new features and functionality that Career Highways will bring to our platform and school partners.
Gary Scheier of 11.2 Ventures, a Career Highways founding partner, stated, “we have contributed our Natural Language Understanding AI Platform to Career Highways to further enhance the product. With this asset purchase and the market reach of STEM Fuse, we believe we are well positioned to capture a significant portion the market.
#venturecapital #educationaltechnology #artificialintelligence #careerdevelopment #stemeducation #privateequity #investing #privateequityfirms #venturecapitalists
About Career Highways
Career Highways is a joint venture between 11.2 Ventures and STEM Fuse. CH plans to bring to the market in the third quarter of 2022 unique AI-based tools for students, employers and colleges relating to career exploration, career pathways, psychometric profiling and search and tracking functionality.
About 11.2 Ventures
11.2 Ventures, a Venture Builder Studio, has spent over five years developing an innovative methodology designed to increase the probability of success for early-stage ventures. Borrowing heavily from corporate processes and financial services risk management approaches, 11.2 Ventures has found the formula for consistent and repeatable success. 11.2 is building a diversified group of Artificial Intelligence-based companies, internally, in multiple industry sectors.
About STEM Fuse
STEM Fuse is a digital K-12 curriculum provider specializing in STEM, computer science, and CTE curriculum solutions. STEM Fuse was founded in 2009 and is currently taught in over 15,000 schools across the United States. The STEM Fuse mission is to provide impactful and affordable curriculum solutions to schools, educators, and students.
