Purdue Foundry funds Skyepack

Skyepack, a creator of digital course materials to prepare students for careers, has secured an undisclosed amount of funding. The investors included Purdue Foundry, Elevate Ventures and M25.

PRESS RELEASE

WEST LAFAYETTE, Ind. – To meet the growing demand for innovative solutions that reduce the barriers to post-secondary education, Skyepack has received a significant growth investment from the Purdue Startup Fund, managed by the Purdue Foundry. Elevate Ventures and M25 also invested in this round of funding.

Skyepack creates custom digital course materials to prepare students for high-demand, high-wage careers. More than 90,000 students at 225 U.S. campuses and communities have taken Skyepack’s customized courses and microcredentials on the company’s K to Career+ Learning Experience Platform. Skyepack is based in the Purdue Research Park.
Eric Davis, CEO of Skyepack, said the COVID-19 pandemic has spurred education innovation across the country.

“Educators responded to COVID with amazing innovation and resilience, proving that we could disrupt the status quo and be successful,” Davis said. “There is now an emerging optimism that we can have an impact on some of the more chronic challenges preventing equitable access to postsecondary education and the improved life outcomes that come with it.

“This funding will enable Skyepack to continue to innovate and advance its efforts to make postsecondary education more affordable, effective and accessible.” Riley Gibb, director of business development at Purdue Foundry, said Skyepack fits into the Purdue Startup Fund’s investment portfolio.

“Skyepack is doing innovative work,” Gibb said. “We are excited to be able to support a company creating fresh and interactive solutions for students and with strong Purdue ties.”
Jacob Schpok, vice president of entrepreneurial services and entrepreneur-in-residence at Elevate Ventures, said, “Skyepack has proven that their digital course material and learning platform is exactly what higher-education institutions and communities have been seeking. Elevate Ventures is thrilled to have the opportunity to reinvest into Skyepack during this exciting growth round.”

Victor Gutwein, managing partner at M25, said, “Skyepack has been a leader in the digital education space since before the pandemic began.

“Their growth and success are a credit to their team, and we look forward to their continued success,” Gutwein said.

About Purdue Foundry
The Purdue Foundry is an entrepreneurship and commercialization hub whose professionals help Purdue innovators create startups. The Purdue Foundry is managed by the Purdue Research Foundation, which received the 2019 Innovation and Economic Prosperity Universities Award for Place from the Association of Public and Land-grant Universities. Contact the Purdue Foundry at foundry@prf.org.