Schoology Aims to Make the Honor Roll in Education Technology
April18, 2012
Much like a promising class of new graduates, the fast-growing startups in education technology are landing big offers to get ahead. Money is flowing into these companies as they develop technology that puts new twists on the traditional classroom. Up and comer Schoology in New York raised $6 million on Monday in a funding round led by FirstMark Capital with participation from Meakem Becker Venture Capital. It is one of several deals to close this month in education technology. Investors seem eager to see what new chapters in education Schoology and its peers will open.
Schoology offers an online and app-based platform used primarily in K-12 classrooms. The software runs on computers, tablets, and smartphones, letting teachers give quizzes and grades virtually. It also enables students and instructors to interact in a social networking environment. Make no mistake though; Schoology’s network is not another place for meaningless status updates. Third party educational content is available on the platform in digital formats from publishers. Users can highlight information they find interesting for others to discover. For example, teachers can use the platform to virtually swap ideas with their colleagues from California to New York, and then manage homework assignments and track their students’ progress.