Class Technologies Inc., a Washington, DC-based company enhancing virtual and hybrid classrooms by adding teaching and learning tools to Zoom, raised $105m in Series B funding.
The round, which brings total funding to over $160m in under a year, was led by SoftBank’s Vision Fund 2 with participating from GSV Ventures, Emergence Capital, Maven Partners, Owl Ventures, Insight Partners, SWaN & Legend Venture Partners, Revolution’s Rise of the Rest Fund, Learn Capital, Reach Capital, Slow Ventures, Sound Ventures, Chimera Investment, Daher Capital, Guy Oseary, Bill Tai, and Super Bowl champion and entrepreneur Tom Brady. In conjunction with the funding, Kristin Bannon, Investment Director, SoftBank Investment Advisers will join the Class board of directors.
The company intends to use the funds to accelerate growth and expand globally into new markets.
Led by Michael Chasen, co-founder and CEO, Class is built on the Zoom Meetings platform and provides everything needed to facilitate instruction and improve learner engagement in virtual and hybrid classroom settings. The software adds teaching and learning tools to Zoom that enable instructors to perform many of the activities that happen in a real classroom. Class helps instructors at educational institutions and corporations take attendance, hand out assignments, give a quiz or test, grade work, proctor exams, talk one-on-one with a learner, and more.
Since launching less than a year ago, the system is already deployed in the United States and in over 20 countries worldwide. The latest fundraising comes just one month after full general availability was announced across Windows, Mac, Chromebook, iPad and Android tablets.
FinSMEs
29/07/2021