Edmodo is a closed and secure social network for teachers and students. Funded in 2008 the startup already attracted funding by Learn Capital and Union Square Ventures. The $15 million Series B funding round that has been announced today was led by Greylock Partners and Benchmark Capital.
Reid Hoffman, co-founder of LinkedIn and Matt Cohler, partner at Benchmark will both join the board.
“It’s an honor to welcome Reid Hoffman and Matt Cohler to the Edmodo team,” said Nic Borg, Edmodo’s co-founder and CEO. “The insights they’ve gleaned building the two largest networked communities in the world will help accelerate our mission of building a network uniquely suited to the needs and possibilities of K12 educators everywhere. This financing also cements our bedrock principle that Edmodo will always be free to use.”
The addition of Reid Hoffman and Matt Cohler and their experience in building two of the biggest social networks could be significant for the further growth of Edmodo though the numbers up to now are already quite impressive. Today Edmodo has more than 5 million users in 60k schools.
Hoffman sees big potential for Edmodo becoming one of the key networks in peoples lives.
“Just as LinkedIn is the professional graph for work and Facebook is the social graph for your friends, Edmodo is the educational graph for learning.” says Hoffman
Similar to LinkedIn and Facebook were people from all over the world connect for business or friendship Edmodo can become the network were teachers and students connect to share experiences, educational content and best practices.
“Edmodo is the third social graph network that Greylock has invested in, after LinkedIn and Facebook.” says Hoffman.
Source: Business Wire