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Strategic Education, Inc. Launches SEI Ventures to Fund and Support Promising Ed Tech Start-Ups

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ecree, a writing tool startup, to receive inaugural investment

Strategic
Education, Inc.
(SEI) announced today the launch of SEI
Ventures
, a seed-stage venture fund that will support pioneering
education tech start-ups focused on transformational technologies and
student success. In addition to providing capital, SEI Ventures will
offer portfolio companies the opportunity to pilot technologies across
its broad set of existing institutions, including Strayer University,
Capella University, and coding boot camps.

"Our success in serving students depends on us being at the leading edge
of innovation and digital advancement," Karl McDonnell, CEO of SEI,
said. "SEI Ventures gives us a platform to support entrepreneurs who can
ultimately put better tools in the hands of our students to link their
learning to professional and personal goals. It will serve as another
source of innovation for the entire SEI family."

SEI Ventures will make its first investment in ecree,
an automated assessment tool that helps students improve their writing
through real-time feedback on written assignments. The $500,000
investment will help ecree further develop its assessment capabilities
and scale the offerings to more students in higher education. Strayer
University students have had access to the ecree software since fall
2016. Initial results showed that the average grades in Strayer courses
that incorporated ecree were noticeably higher than those courses that
did not.

"Writing is a basic skill anyone needs to succeed – period, and yet it
is shocking to see students struggle with basic writing tasks. ecree
embodies our vision of equipping adult learners with this critical
skill, and we look forward to supporting and watching ecree grow,"
McDonnell said.

"We're grateful for SEI Ventures' investment that will help more
students be better writers," Jamey Heit, CEO of ecree, said. "ecree is
reshaping how students write and how teachers experience instruction.
We're excited to partner with SEI Ventures through this investment as
they help us improve our offerings so we can scale our business."

As an early-stage investment fund, SEI Ventures aims to reshape the
future of learning and work by supporting education technology
entrepreneurs. Former Teach for America educator and McKinsey & Company
consultant Terry McDonough will lead SEI Ventures as Managing Director.
McDonough's background in education and management strategy, coupled
with his experience launching two new business units at SEI, will help
guide SEI Ventures as it readies students for the 21st
century workforce.

SEI Ventures plans to issue a formal request for higher education
technology companies to apply for funding in 2019. When selecting
companies to invest in, SEI Ventures will focus on the following
criteria: improving teaching and learning through artificial
intelligence and machine learning; removing friction from
non-instructional student experiences; encouraging student persistence;
and designing the future of work. More information about SEI Ventures'
focus areas can be found at www.seiventures.com.

About SEI Ventures:

SEI Ventures is a corporate-backed fund launched by Strategic Education,
Inc. that invests in innovative startups to help them reach their full
potential. Our investment in your business is more than just financial.
When we commit to working with a company, we become partners and lend
our full support to move the company forward. We provide founders a
unique value. Our innovative start-ups can pilot products across our
degree programs and our base of 80,000+ learners and students. The
collective senior-level experience at Strategic Education, Inc. has
helped a number of founders improve their products, accelerate their
go-to-market activities and grow their businesses, and the creation of
SEI Ventures formalizes this support and expertise.

Contact Terry McDonough, Managing Director of SEI Ventures, at Terry.McDonough@strategiced.com
to learn more about SEI Ventures' investment portfolio and latest
success stories.

About Strategic Education, Inc.:

Strategic Education, Inc. (NASDAQ:STRA) is dedicated to enabling
economic mobility through education. We serve students through a range
of educational opportunities that include: Strayer University and
Capella University (separate institutions that are each regionally
accredited), which collectively offer flexible and affordable associate,
certificate, bachelor's, master's, and doctoral programs; a Top 25
Princeton Review-ranked online MBA program through the Jack Welch
Management Institute; self-paced college-level, general education
courses through Sophia; customized degrees for corporations through
Degrees@Work; and non-degree web and mobile application development
courses through DevMountain, Generation Code, Hackbright Academy, and
The New York Code + Design Academy. These programs help our students
prepare for success in today's jobs and find a path to bettering their
lives.

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