Class Technologies Closes $30M Series A Financing

Class Technologies

Class Technologies Inc., a Washington, DC-based company that created a software platform that integrates with Zoom, raised $30.75m in a Series A funding.

The round, which brought total funding raised to date to $46m, was co-led by Insight Partners and Owl Ventures, with participation from Reach Capital, Catalysis Capital Management, Diligent Software, Jim Scheinman, Founding Managing Partner of Maven Partners, Bill Tai, Deborah Quazzo, Partner at GSV Ventures, Steve Case, co-founder of America Online (AOL), and Chairman and CEO of Revolution’s Rise of the Rest Seed Fund, Santi Subotovsky, General Partner at Emergence Capital, Fred Schaufeld, co-founder and Managing Director of SWaN & Legend Venture Partners and Slow Ventures.

The company, which has simplified its corporate name from ClassEDU to Class Technologies, intends to use the funds to continue to expand operations, its business reach and launch Class for Mac, Windows, Chromebook, iPad, and Android Tablet platforms.

Led by Michael Chasen, CEO, Class provides Class for Zoom, which integrates the Class software on the Zoom Meetings platform to help teachers take attendance, hand out assignments, give a quiz or test, grade work, proctor exams, or talk one-on-one with a student.