# Orbis Education

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/orbis-education

- Industry: Education/Training
- Headquarters: Indianapolis, US
- Website: www.orbiseducation.com
- Total disclosed funding: $8M
- Latest round: Series B (Jan 18, 2010)
- Investors on record: 1

## About

Orbis Education is a provider of online, hybrid, and accelerated degree programs, focusing on alleviating the healthcare sector's workforce shortages through partnerships with educational institutions.Founded in 2003 and headquartered in Indianapolis, US, Orbis Education specializes in managing degree programs for the healthcare sector. The company was acquired by Grand Canyon Education Inc. on January 18, 2019, for USD 362.5 mn. It has successfully completed 8 investment deals, with the latest round being a Trade Sale valued at USD 362.5 mn. Daniel Briggs serves as both the founder and CEO, having a history in educational program management.Orbis Education manages online, hybrid, and accelerated degree programs, particularly in healthcare, including Bachelor of Science in Nursing (ABSN), Medical Lab Sciences (MLS), and Occupational Therapy Assistant (OTA) programs. By partnering with institutions, they provide curriculum development, clinical placements, and online learning management, aimed at preparing students for careers in healthcare. Their clientele encompasses universities and healthcare organizations across 26 states in the U.S., with intentions to expand to approximately 70 locations within five years.The company employs a revenue-sharing model that allows academic partners to benefit financially without upfront costs. Revenue is generated from tuition fees paid by students in these accelerated programs, with partnerships providing clinical placements to ensure graduates are ready for the workforce. This model allows universities to enhance their healthcare offerings while ensuring a steady flow of qualified graduates for healthcare providers.Following the acquisition by Grand Canyon Education Inc., which was completed in January 2019, Orbis Education plans to leverage recent funding to further enhance its program offerings and expand into new markets. The company aims to introduce new healthcare programs while expanding its reach to approximately 70 locations in total within the next five years. These initiatives are designed to address the growing demand for qualified healthcare professionals.

## Funding rounds

- Series B, Jan 18, 2010, $8M — Lightspeed Venture Partners

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B