Capture Education has raised a $1.2 million Angel Round for the company’s ScheduleSmart software. The round was led by North Coast Angel Fund and Ohio Business Angels with participation of Dublin-based Fast Switch Ltd and individual investors.
The funding will be used to hire programmers, and relocate into new offices.
Founded in 2006 Capture Education provides school districts with technology solutions and professional development services to improve student performance.
The ScheduleSmart software came to market in 2010. Instead of replacing other existing school solutions ScheduleSmart integrates those data points and combines it with other data to use grades, attendance, individual learning style, aptitude tests and polls to recommend course schedules, predict staffing needs and track progress toward graduation according to Columbus Business First.
Capture Education’s largest client is the New York City Department of Education. The software is also being used in most Ohio school districts.
In 2012 Capture Education partnered with Pearson Education which has been beneficial to both finding investors and new customers according to founder and president Mike Neubig. “The Pearson partnership definitely attracted investors,” he said. “It also brought customers beyond the Pearson customers.” ScheduleSmart is integrated with the Pearson Education solution, but the startup can continue to market its product independently..
Neubig, a former guidance counselor, said Capture Education was on track for reaching 250,000 pupils and more than $1 million in revenue for 2014, based on first-quarter results. The company made had $550,000 in revenue in 2011. The projected revenue for 2012 was $1.2 million due to the partnership deal with Pearson Education.
The New York State Department of Education just cancelled a contract with inBloom, a non-profit funded by the Gates Foundation. New York State lawmakers passed legislation that prohibits the Education Department from giving student information to entities that collect and store data for use in a data dashboard or portal like inBloom does. Given Capture Education’s product is created around data, this might also have an impact on their business.
- Capture Education raises $1.2M from TechAngels, others for ScheduleSmart software | Columbus Business First
- New Albany software maker to double sales in Pearson Education deal | Columbus Business First
- HEDLINE: inBloom ordered to delete all New York State Student Data | EDUKWEST