With Education At A Tipping Point, Schoology Scores $6 Million In Series B
April, 16, 2012
By J.J. Colao
Schoology, an online learning platform that helps teachers organize lessons and collaborate with students, announced a $6 million Series B round of funding this morning. The round is led by FirstMark Capital and joined by Meakem Becker Venture Capital. Amish Jani, Managing Director at FirstMark, observed that, “The team at Schoology brings a tremendous amount of energy and an ability to intuit how the education market is going to evolve.” FirstMark’s involvement in Schoology supplements the firm’s existing education investments in companies like Knewton, StraighterLine and Lumosity.
Founded in 2009 by Jeremy Friedman, Ryan Hwang and Tim Trinidad during their senior year at Washington University in St. Louis, Schoology offers a rich suite of features to help educators manage and enhance their lessons plans. The company’s product allows teachers to host discussions, set up coursework, add videos and interactive media, and track grading and engagement in one spot. Students, meanwhile, easily navigate the familiar, Facebook-like interface.
“There are a million different tools that teachers are using,” says CEO Jeremy Friedman. “We brought everything into one unified physical platform.” Schoology counts 18,000 schools as customers and its product is used by one million teachers and students. The company has raised $9.3 million to date.
Read the rest of the article at Forbes.com.