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Capella University is a private for-profit, online university headquartered in Minneapolis, Minnesota. The school is owned by the publicly traded Strategic Education, Inc. and delivers most of its education online.

Capella has 47 degree programs with over 1,600 online courses. Approximately 41,401 students are enrolled from all 50 states and 51 other countries, with 18 percent enrolled in doctoral programs, 45 percent enrolled in master’s programs, and 35 percent enrolled in bachelor’s programs.
Capella University was originally established as The Graduate School of America by Dr. Harold Abel and Stephen Shank in 1993. Shank was the former CEO of Tonka. Abel, formerly the president of Castleton State College, Central Michigan University, and Walden University,became the first president of the institution.

In 1997, Capella University received regional accreditation.[6] Two years later the parent company and university were renamed Capella Education Company and Capella University, respectively. In 2000, Capella began to offer bachelor’s degree programs.[citation needed]

In 2005, Capella Education Company announced its intention to go public with an initial public offering. In 2006, they became a publicly traded company (NASDAQ: CPLA), raising $80 million with the offering.

In 2007, Capella was named one of 86 higher education institutions in the United States to have received the National Centers of Academic Excellence in Information Assurance Education (CAE/IAE) designation by the National Security Agency (NSA). The designation was valid for the academic years 2007 through 2012.
In March 2008, Capella Education Company, longtime occupant of the 225 South Sixth skyscraper in downtown Minneapolis, signed a new lease that expanded its office and renamed the building Capella Tower. The building houses all of the company’s 1,150 downtown Minneapolis administrative staff.