Santa Ana-based Greenwood Hall Inc. said Lincoln Park Capital Fund LLC in Chicago invested in the company.
Terms were undisclosed.
It’s the third investment the education technology services provider has announced since August, when it said it had received $8 million in debt and equity financing to recapitalize the company.
Earlier this month Greenwood Hall said Calabasas-based Redwood Fund LP had invested in the company, as well.
Greenwood Hall works with colleges to outsource some administrative functions and develop online education programs.
The company traded recently at 92 cents and a market value of about $40 million.
