Knack has appointed Megan Dusenbery as CEO following a Series B funding round led by New Markets Venture Partners, demonstrating its commitment to scaling peer learning programs in higher education.

Target Information

Knack, established in 2015, is a predominant technology platform designed to enhance student success by enabling higher education institutions to implement and scale peer learning programs. By partnering with numerous institutions such as Fordham University, Northeastern University, and the University of San Diego, Knack has facilitated significant financial rewards for student tutors while also aiding in elevating retention and graduation rates at these institutions. Recently, Knack announced a leadership change by appointing Megan Dusenbery as its Chief Executive Officer, transitioning founder Samyr Qureshi to the role of Executive Chairman.

The company's innovative approach has not only created paid tutoring opportunities for students but has also fostered a community that allows peer tutors to develop essential leadership and mentoring skills. This dual impact supports student learning and enhances their readiness for future employment.

Industry Overview in the U.S.

The higher education sector in the United States has undergone significant transformations over the past decade, driven by technological advancements and shifting workforce needs. Institutions are increasingly recognizing the importance of integr