Square 1 Bank Announces Credit Facility to Education Elements, Inc.
SAN CARLOS, Calif., June 12, 2014-- Square 1 Bank (SQBK), the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a $1.5 million credit facility to new client Education Elements, Inc., a nationally recognized personalized learning solutions company that partners with districts and schools to transform teaching and learning through integrating technology and pedagogy in the classroom. Proceeds of the credit facility will provide working capital to support the company's future growth.
Education Elements, Inc. works closely with school districts across the country to personalize a student's learning experience and build instructional models that meet the needs of students. Education Elements' comprehensive approach supports districts throughout the entire process -- from developing a strategy for an equitable roll-out to designing instructional models, selecting digital content, building the capacity of teachers and leaders and providing a cloud-based platform with actionable data, diverse resources and tips and tools for teachers. By integrating technology into instruction, Education Elements strives to not only drive to better student outcomes, but also to do so in a way that is sustainable for teachers.
"We are excited to work with a bank that has a deep understanding of technology start-ups and their needs," says Anthony Kim, CEO of Education Elements, Inc. "We are confident that Square 1 will be a terrific partner as we continue our rapid trajectory."
Andy Weyer, senior vice president at Square 1 Bank stated, "As a technology banker and husband of a 4th grade teacher, I've come to appreciate the challenges of integrating technology in the classroom. In short, SMART boards and iPads are useless without a comprehensive strategy around implementing relevant digital content. Enter Education Elements -- a company that evaluates disparate technology infrastructures and provides informed, unbiased decisions around a wide-range of digital content that schools should be using. Education Elements also leverages technology in the classroom to differentiate instruction based on real-time feedback and reduce the overall cost of instruction." Andy added, "We're very pleased to partner with a company that not only delivers solid financial results, but also helps improve the future of childhood education."
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients' needs. Square 1 has offices coast-to-coast in Austin, the Bay Area, Boston, Denver, Durham, Los Angeles/Orange County, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit www.square1bank.com.
About Education Elements, Inc.
Education Elements is a nationally recognized solutions company that helps districts develop and implement personalized learning strategies. Ed Elements' services help districts to create strategies, design instructional models and support teachers in integrating technology and instruction. Our platform provides students, teachers, and administrators each with a single entry point to access digital content and the detailed performance data they need to guide instruction and learning. This innovative cloud service offers simple and accessible data visualizations with actionable insights for users of all types. Education Elements has worked with over 100 schools across 40+ districts in the US.
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