Engrade Raises $3M in Funding
Engrade, a Santa Monica, Calif.-based developer of online classroom management tools, has raised $3m in funding.
The round was led by Rethink Education, with participation from NewSchools Venture Fund, and individual investors Greg Gunn, Zac Zeitlin, and Richard Chino.
The company intends to use the capital to expand its academic and outreach teams as well as strengthening its suite of tools.
Led by CEO Zach Posner and CTO Bri Holt, Engrade developed its online gradebook in 2003 as a solution to increase communication between teachers and students. Around it, the company has added a fully-integrated suite designed to unify the tools, data, assessments and curriculum educators need to enhance instruction for each child. It is accessible via web, mobile, and tablet devices.
Engrade currently has 4.5 million users, including more than 400,000 teachers in all 50 states. It counts the New York City Department of Education, KIPP, North Star Academy, and Chapel Hill – Carrboro City Schools among its user base.
In conjunction with the funding, Matthew Greenfield of Rethink Education, has joined the company’s board.