Education tech company raises $8.5M, seeking $1M more

Career planning platform to leave beta in late June

Local education technology company YouScience has raised $8.5 million in its first round of funding and is trying to raise another $1 million.

The company has announced a late-June launch for Latitude, its online career planning solution. The platform will be available directly to consumers and through schools, education consultants and career counselors through a subscription service. The company, co-founded by Courage Capital Management founder Richard Patton and career development consultant Betsy Wills, is headquartered in Nashville and has offices in Dallas.

The company raised $5.27 million last summer, and kicked off its second round of funding with $300,000 in late May as part of a plan to raise $1 million. YouScience is also planning to expand beyond the young adult market in 2015, reaching career changers, returning military and others.

"With tuition rates quickly outpacing inflation rates and a tepid employment market, it is more important now than ever for students to carefully direct their post-secondary education," Philip Hardin, YouScience's CEO and a former Emdeon exec, said in a release. "Through Latitude, we intend to help young people become productive, independent adults in the careers they choose."