Coralville’s Higher Learning Technologies announces $8 million investment

Higher Learning Technologies Higher Learning Technologies announced an $8 million investment Wednesday. Pexels.com

Higher Learning Technologies—a Coralville-based technology company— announced it raised $8 million in investments to boost its mobile study apps, according to a story in The Gazette Wednesday morning.

According to the report, Higher Learning Technologies will hire additional staff and increase its app development with the $8 million investment.

Higher Learning Technologies started in 2012 and has raised about $15 million overall, according to The Gazette.

HLT started with a single study app for dental students and now has a catalog of more than 100. They have 20 for nursing and view themselves as the new version of textbooks. Rather than carry a book or sitting in a library, users can view the textbook on their smart phone on-the-go.

“We started out in the beginning just focusing on nursing and dental and now we’re expanding much more broadly essentially as a mobile publishing company,” CEO Alec Whitters told The Gazette.

Higher Learning Technologies currently has 44 employees.

The most recent investment round includes previous backers of HLT such as Iowa and New York angel investors and Next Level Ventures, a Des Moines-based venture capital fund that focuses on investing in Iowa.

This is the eighth investment Next Level Ventures has made in an Iowa company.