Dropout recovery organization raises venture capital financing

The American Academy (TAA), which partners with school districts across the nation to recruit, enroll and educate children who cannot or will not attend school, has secured $6 million in Series C financing to bolster its commitment to getting more at-risk youth to graduation day. In conjunction with the Series C investment, Mark Grovic, co-founder and General Partner at New Markets Venture Partners, joined the Company’s Board of Directors.

TAA has added more than three dozen school district partners over the past year and will serve nearly 3,000 students in 2012 with its NoDropouts program. The program provides combination of online learning, netbook computers with 4G internet access, and multi-tiered social, emotional and educational support.

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