EdSurge, a Burlingame, CA-based provider of news, analysis and events for the education-technology community, completed a $1.5m Series A financing round.
The round was led by GSV Capital Corp. (NASDAQ: GSVC) with participation from NewSchools Venture Fund and LearnCapital as well as angel investors Nancy Peretsman, Judy Estrin, Gillian Munson, Kelly Pope and David Bulfer, Joe Gleberman, George Anders, Bud Colligan, Jennifer Fonstad and Martha Ehmann Conte, Imagine K12, John Katzman, Alan Louie, Tim Ranzetta, and Lynda Weinman. In conjunction with the funding, Matthew Hanson of GSV Capital, will join EdSurge’s board.
The company intends to use the funds to launch new growth initiatives including
– organizing live events across the US (the EdSurge Summits),
– producing customized research reports for schools, edtech companies, and investors on how specific technologies are playing out in classrooms across the United States,
– developing a nationwide hiring site and
– continuing growth in its mass-audience newsletters.
Founded in 2011 by Nick Punt, President and Elizabeth (Betsy) Corcoran, CEO, and Agustin Vilaseca, Engineer, EdSurge is a site for educators, entrepreneurs and investors involved in education technology. It aims to help educators discover products for their students, developers understand what educators and learners need, and investors make sense of the edtech market.
The company is majority-owned by its employees and executives, who are journalists, technologists and educators.