CollegeBacker Information

San Francisco-based CollegeBacker is democratizing access to higher education with a social investing platform that helps millennial parents conquer their #1 financial fear – paying for college – with help from their circle of family and friends. CollegeBacker grew 8x in 2018 with 99% retention and an NPS of 74, has helped its families invest more than $2.8 million in tax-free 529 College Savings Plans (avoiding >$8M in loans for their kids), and has observed that families using CollegeBacker save 43% more, on average. CollegeBacker has raised $2.4M from leading venture capital firms, Princeton University, Dartmouth University, USC’s Marshall School of Business, and founders of SoFi, Facebook, AltSchool, Patreon, and LendingHome.