TORONTO, ON and CALGARY, AB, March 22, 2021 – OKR Financial and CultureWorks are pleased to announce a new partnership, in the form of significant investment funding to further support CultureWorks’ mission and vision of increasing access to education for students around the world.
OKR Financial became involved with CultureWorks as a partner in 2016. Seeing its potential as a digital English language platform, OKR continued to assist in the growth of the company by providing expert consultation and coaching by the Managing Partners and Executive Team.
As the world went virtual last year and the face of education changed entirely, CultureWorks’ digital programs became even more important. OKR Financial furthered its involvement with an investment to keep the company on its fast upward trajectory. This investment allowed CultureWorks to complete the development of its digital language pathway, while growing student enrolment and opening centres around the world. These centres support program delivery, recruitment efforts, and brand expansion for CultureWorks and its educational partners.
“A made-in-Canada, university Senate approved solution is now available to Canadian post-secondary partners looking to innovate their pathways,” Founder Tina Bax emphasizes. “We’re going to have so much fun taking our successful model out into the world and expanding options for partners and students. 95% of our students are studying offshore right now, and we anticipate increased diversity each term. It’s great to have the stability at home in Canada, and the financial power to differentiate ourselves in the market again.”
Paul Stafford, leading the company’s growth as CEO, agrees. “CultureWorks has always been an innovator in the digital education space, and we have seen over the past year how critical it is to effectively integrate technology into pathway programs. We do this well at CultureWorks. The significant investment by OKR allows us to accelerate our growth into new markets, and we are rapidly building out our infrastructure currently. We are excited at the opportunity we have in front of us, and we are focused on delivering results for our University and College partners in the coming years.”
As Wesley Mills, Investment Partner at OKR shares, “we are pleased to support companies with high potential such as CultureWorks as they seek to educate young minds and help change the world.” OKR Financial is an alternative finance company focused on helping growth companies access capital using government finance programs and traditional bridge lending.
About OKR Financial
OKR Financial operates a family of private funds that provides non-dilutive financing solutions to Canadian SMEs by leveraging Federal & Provincial SR&ED tax credits and Government funded programs, providing a pathway to equity financing when companies are ready to scale up.
CultureWorks is a digital English language pathway program headquartered in Canada. For twenty-three years it has graduated students to post-secondary schools in North America. It is adding four locations abroad for recruitment and program delivery in 2021, new destination partnerships and programs, and is innovating pathways aimed at increasing accessibility to partner schools.
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