PSG Announced Strategic Growth Investment in CourseKey

Boston, MA (USA), January 2025 - PSG, a leading growth equity firm that specializes in partnering with software and technology-enabled service companies to help navigate and capitalize on transformational growth, has announced a strategic growth investment in CourseKey, a student success platform purpose-built for vocational education. CourseKey joins PSG’s investments in Verity IQ and Campus Ivy, creating a unified, end-to-end technology suite for career-focused and vocational education providers.

Career and trade schools face a variety of challenges, from addressing workforce demands and managing compliance and funding, to demonstrating measurable outcomes. At the same time, non-traditional learners must navigate balancing their education with life responsibilities, financial pressures, and the need to see clear returns on their investment.

The combined strengths of CourseKey (Student Mobile App and Retention Platform), Verity IQ (provider of CRM and Student Information Systems (SIS)), and Campus Ivy (Financial Aid Services and Software) help tackle these challenges head on. Together, these platforms create a one-stop shop for schools to streamline operations, close critical gaps, and empower institutions to directly improve student outcomes.

"In our view, CourseKey has built one of the market leaders in the vocational education space," said Marco Ferrari, Managing Director at PSG. "By integrating Verity IQ’s CRM and SIS, Campus Ivy’s financial aid expertise, and CourseKey’s student success platform, we are delivering a comprehensive suite that will empower schools to manage the entire student lifecycle and drive measurable outcomes."

A Platform Designed for Modern Student Success

CourseKey’s platform provides an end-to-end mobile app for students to leverage as their key operating system while attending a vocational school. The app automates attendance through GPS, sound, and biometric verification, enables students to track their skills and competencies, submit tuition payments, engage in social channels, and complete forms and surveys.

On the school side, CourseKey offers a retention platform that automatically intervenes with students at the right time, helping them stay on track and avoid dropping out. These capabilities help schools maintain compliance, boost retention, and improve the student experience.

Luke Sophinos, CEO of CourseKey, shared, "Joining PSG as a platform investment -alongside Verity IQ and Campus Ivy, helps accelerate our goal of delivering a one-stop- shop software suite for vocational schools. We’re empowering students to gain valuable skills and fill mission-critical jobs across our nation’s most vital industries – transportation, healthcare, construction, and more. Together, we can help millions of students attain fulfilling, well-paying careers that truly move our country forward."