MEXICO CITY, January 13, 2023 /PRNewswire/ — The UK university has closed a $75 million Funding round in Mexican pesos with Altum Capital. The funds will be used to create new online bachelor’s and master’s programs and expand them across the board Latin America and the US Hispanic market.
Uk University is a leading and innovative 100% online university based in Mexico, dedicated to providing quality education to working adults who are looking for a practical and affordable way to earn an accredited degree and enhance their employment prospects. With a focus on flexibility and convenience, the Uk University offers a wide range of online Bachelors and Masters programs designed to meet the needs of busy professionals.
In partnership with Coursera for Campus, Uk University offers its students access to a wide range of quality programs from top international institutions.
Gonzalo PulitCommenting on the transaction, UK University CEO said: “We are delighted to have closed this round of funding with Altum Capital. Your expertise and financial support will be invaluable as we work to expand our online offering and reach more students Latin America and the US Hispanic markets. We understand that working adults have unique needs and challenges when it comes to pursuing higher education. That’s why we’ve designed our programs to be accessible and flexible, so our students can balance their studies with their work and personal commitments.”
Francisco SalasPartner at Altum Capital, also commented on the transaction, saying: “We are delighted to support the Uk University in their efforts to expand their online offerings and reach more students across all Spanish speaking markets.”
About the British University
The Uk University is one of the fastest growing online universities in Latin America. In 2023, over 15,000 students are expected to be served. Altum Capital joins existing investors Potencia Ventures, Inter-American Development Bank (IDB) and Zoma Capital.
Gonzalo Pulit (Chairman)
[email protected]
+52 (55) 5130 9850
https://universidaduk.com
About Altum Capital
Altum Capital is a leading private debt fund manager based in Mexico. In its almost 9-year history, Altum Capital and its team have consistently structured and financed around 200 loans to SMEs Mexico and LATAM, and have awarded more than 12.3 billion pesos. Altum currently has a loan portfolio of more than 4.5 billion pesosdiversified into 67 structured credit investments in different sectors.
Miguel Gomez
[email protected]
Altum Capital – Financing for Empresas
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SOURCE University of Great Britain
