Schoology, Inc., a Web-based learning management system and configurable social network for academic organizations, has raised $1.25m in its Series A venture capital funding round.The funding, which comes from Meakem Becker Venture Capital and follows an investment coming from an undisclosed New York-based business angel in May 2009, will enable the company to expand its team and its service.
In conjunction with the financing, Glen Meakem and Alan Veeck of Meakem Becker, will join the company’s board.
Schoology, whose aim is to improve communication and collaboration among students and among them and teachers, provides a platform of learning management tools. Through the system, it is possible to easily create, share, and manage academic material including discussion boards, homework dropboxes, test and quizzes, blogs, course and group pages. In addition, teachers can manage attendance and grade records through customizable student reports.
The company, which was founded in 2009 by Timothy Trinidad, Ryan Hwang, Jeremy Friedman, three former graduates from Washington University in St. Louis, is based in New York.
FinSMEs
07/06/2010