Schoology Raises $15 Million in New Capital

Contributed By

Jeremy Friedman

Founder and CEO at Schoology

Schoology Raises $15 Million in New Capital

Posted in News | June 24, 2014

We’re excited to announce that Schoology has raised $15 million in new capital to help accelerate growth.

Schoology has seen rapid growth over the past few years, and we’ve received great feedback from all of you who use Schoology on a daily basis for teaching and learning. We’ve also received industry accolade from the Software & Information Industry Association (SIIA), winning not one, but three CODiE Awards for Best K-12 Learning Management System, Best PK-12 Education Solution, and Best Overall Education Solution.

We’re solidifying our position in the education technology landscape as a company that is here to support your needs today and in the future.

Today, we’re welcoming new investors: Intel Capital, Great Oaks Venture Capital, and Great Roads Holdings to the Schoology team. In addition, all existing investors including FirstMark Capital and Meakem Becker Venture Capital contributed to this round of financing.

Intel is one of the largest names in education and a name everyone in the education industry has grown to trust. Additionally, Intel reaches educators not just in the United States, but around the world as well.

Our other investors are also deeply passionate about education, having invested in education technology leaders such as Knewton, StraighterLine, Lumosity, StudyBlue, CollegeProwler, Kno, and Kaltura.

We’re thrilled to have investors that not only are excited and passionate about education, but also investors that can equally align with our mission as a company.

With this new capital, we’ll be growing our team significantly to invest and accelerate the innovation you have seen over the past few years.

We would not be where we are as a company without our incredible team at Schoology, our passion for education, and, of course, all of you who have used, and continue to use, Schoology to support your teaching and learning.

Thank you all for your support, and stay tuned for exciting growth ahead!

 

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