Socratic, a New York City-based edtech company, raised $6m in Series A funding.
The round was led by Shasta Ventures with participation from Spark Capital and Omidyar Network.
The company intends to use the funds to grow operations with goals including the increase of subject areas from 12 to 50+ in the next two years, building of a mobile app, and development of content creation and collaboration tools.
Founded in 2013 by Christopher Pedregal (Product Manager at Google), and Shreyans Bhansali (Venmo’s 1st employee), Socratic provides an education platform connecting students with useful answers to academic questions.
The community now answers questions in 12 subjects on a daily basis with one teacher in particular, Ernest Z, who reached more than 1 million students with his contributions.
The company had previously raised $1.5m in seed round that included Spark Capital, Andreessen Horowitz, betaworks, and BoxGroup.
FinSMEs
25/03/2015