EdCaliber, a Portland, Oregon-based developer of K-12 learning management tools, has closed a $335k convertible debt financing.
The round was led by the Gorge Angel Investor Network (GAIN5 LLC), Oregon Growth Account (OGA) and angel investors from Portland and the Silicon Valley.
The company intends to use the funds to build out a sales and business development team, and expand its service to meet strong customer demand.
Led by Kevin Stone, Founder and CEO, EdCaliber provides a cloud-based system that is designed to give teachers and administrators the ability to manage resources and track student learning. The company’s platform allows teachers:
– to track student progress against specific standards, including the new Common Core State Standards (CCSS) and English Language Development Standards, and then re-engage those students who are not meeting the benchmark, and – to share learning resources and best practices across a school, district, or state.
Over the past 12 months, the company has rolled out its system in over 100 schools nationwide.
EdCaliber operates additional offices in California.
FinSMEs
13/12/2012