VALPARAISO | A startup among the first graduating class at the NWI Tech Foundry stated it has closed the first tranche of a $1 million round of seed funding, led by Elevate Ventures.
Adjunct Professor Link, also called APL, a company that helps connect institutions of higher learning with qualified adjunct professors, received $125,000 in seed funding from Elevate Ventures’ Indiana Diversity Investment Fund. Other investors in the first group were angel investors from Indiana, Chicago and Silicon Valley, according to the company.
APL is the first company in Northwest Indiana to land an investment from the Indiana Diversity Investment Fund, according to Elevate Ventures, an investment arm of the Indiana Economic Development Corp.
The amount invested by the Indiana Diversity Investment Fund is the maximum it can contribute for a single opportunity.
“I see a tremendous need for a service like APL’s in higher education,” said company adviser Roger Novak in a prepared news release.
“Finding part-time faculty (and full-time faculty) that can deliver the courses that will prepare today’s college students for the 21st century workforce is essential to schools, students and employers.”