Picmonic, a Temple, Ariz.-based visual learning community, closed $1.25m in a convertible note financing.
The round was led by edTech entrepreneur and angel investor Matthew Pittinsky, CEO of Parchment and co-founder of Blackboard, with participation from Arizona Tech Investors (ATI), The Desert Angels and individuals from Canal Partners. As part of the financing, Pittinsky and Bob La Loggia joined Picmonic’s Board of Directors.
The company, which has raised a total of $2.6m to date, intends to use the funds to accelerate its expansion into new learning markets and support the release of its native mobile application.
Led by Ron Robertson, CEO and co-founder, Picmonic operates a visual learning community where people create, share and explore audiovisual study cards featuring pictorial mnemonics called Picmonics. The community currently focuses on medical, nursing and pre-health learners spanning more than 500 U.S. and international schools.