New York based public-benefit corporation focused on education for the incarcerated raised $5m in Series B funding led by New Markets Venture Partners and ReThink Education.
"The new investments will fuel the growth of APDS’s programs across correctional facilities and equip the company to continue to advance its proprietary learning platform and content offerings," the company said. “Education can transform our correctional system, mitigating violence within facilities, reducing recidivism, and providing pathways to employment for a group of people who have been historically cut off from the workforce. APDS was founded because we wanted to bring those benefits to every prison and jail. This fundraising round shows that the educational investment community recognizes the tremendous, untapped potential inside the prison system," Harris Ferrell, CEO of APDS, said in a statement.