Picmonic, Inc., a Tempe, Ariz.-based visual learning community, closed a $2.3m funding round.
Professional investment groups 2M Companies of Texas and Tallwave Capital of Arizona participated in the raise, as did Arizona Tech Investors, Desert Angels, and CEO of Parchment and co-founder of Blackboard, Matt Pittinsky, also of Arizona.
The startup will use the funds to grow their Tempe-based team and enhance its visual learning platform via an authoring toolset that will give all student users the ability to create their own Picmonics. Several mobile enhancements will be rolled out alongside the added toolsets.
Led by Ron Robertson, CEO and co-founder, Picmonic operates a visual learning platform where users create, share and explore audiovisual study cards, called picture mnemonics or “Picmonics”, which are proven to increase memorization capacity and improve long-term recall of information.