Jamel ToppinIn late 2019, Guild Education CEO Rachel Carlson appeared on the cover of Forbes amidst a very different labor market with a razor-thin 3.5% unemployment rate. The nontraditional acquisition is an all-stock deal valued upwards of $80 million, according to Entangled cofounder Nick Hammerschlag. All 90 Entangled Group employees will join Guild, but Guild will not acquire Entangled’s previous investments in startups like Course Hero and Andela. Jamel ToppinCarlson, who lives in Denver, cofounded Guild in 2015 to help companies offer education benefits that employees would actually use. Last year alone, Guild channeled more than $100 million in tuition benefits to employees at companies like Walmart, Disney and Chipotle.

Source: Forbes May 19, 2020 09:56 UTC