Modern Campus Announces New CEO and Major Investment
Deal News | Aug 25, 2025 | Providence Equity Partners Inc
Modern Campus, a prominent provider of learner-to-earner lifecycle platforms for higher education, has secured a majority growth investment from Providence Equity Partners, a specialist private equity firm focused on media, communications, education, and technology companies. The financial terms of this investment were not disclosed. This collaboration aims to enhance Modern Campus's platform through new product development and strategic acquisitions. Coinciding with this investment, Craig Chanoff, an experienced education technology executive, has been appointed as CEO. Chanoff's background includes leadership roles at Lightspeed Systems, Pearson, Everfi, and Blackboard, where he significantly contributed to growth and managed successful M&A activities. This leadership change is expected to accelerate product innovation and enhance customer success at Modern Campus.
Sectors
- Education Technology
- Private Equity
Geography
- North America – Modern Campus is based in Toronto, and Providence Equity Partners operates out of multiple offices in North America.
- Europe – Providence Equity Partners is involved in investments across Europe, complementing its North American focus.
Industry
- Education Technology – Modern Campus operates in the Education Technology sector, providing software solutions for higher education institutions.
- Private Equity – Providence Equity Partners is a private equity firm that focuses on investments in media, communications, education, and technology.
Financials
- Not Disclosed – The financial terms of the investment in Modern Campus by Providence Equity Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Modern Campus | Target Company | Company | A leading platform for higher education institutions, focused on improving the student experience. |
| Providence Equity Partners | Investment Company | Company | A specialist private equity firm with a focus on growth-oriented media, communications, education, and technology companies. |
| Craig Chanoff | CEO | Person | Newly appointed CEO of Modern Campus, with extensive experience in education technology and management of M&A processes. |
| David Phillips | Senior Managing Director at Providence | Person | Senior Managing Director at Providence, commented on the investment in Modern Campus. |
| William Hughes | Managing Director at Providence | Person | Managing Director at Providence, praised the appointment of Craig Chanoff as CEO. |