Schoology Obtains $32,000,000 New Financing Round

  • Feed Type
  • Date
    11/10/2015
  • Company Name
    Schoology
  • Mailing Address
    115 W 30th St. 10th Floor New York, NY 10001 USA
  • Company Description
    Schoology is a free web-based learning management system (LMS) built on a social network. Schoology leverages the familiarity of popular social media tools to improve communication and collaboration.
  • Website
    http://www.schoology.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $32,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Schoology will use the new funding to make product engineering investments to increase the scope and power of its education cloud, which connects the people, content, data, and systems that fuel education. It also plans to expand distribution so it can reach more schools, districts, colleges and universities around the globe.
  • M&A Terms
  • Venture Investor
    JMI Equity
  • Venture Investor
    FirstMark Capital
  • Venture Investor
    Intel Capital
  • Venture Investor
    Great Road Holdings

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