Clever

HEDLINE: Clever raises $10.3 million Series A led by Sequoia Capital

Clever, a startup that provides schools with an API to connect existing LMSs with new edtech products, raised a $10.3 million Series A led by Sequoia Capital with participation of Paul Graham (Y Combinator founder), Sam Altman (Y Combinator President) and Deborah Quazzo (GSV Advisors). Sequoia Capital Partner Bryan Schreier will join Clever’s Board of Directors.

The funding will be used to hire more developers and salespeople as well as for the next stage of growth, turning the API into a digital learning platform for the classroom.

Key Takeaway

Through Clever, administrators can automate time consuming tasks like creating student accounts, therefore making it easy to integrate new learning products into the school’s existing learning management system.

According to Clever their technology is already used in one out of eight schools in the US. Other than most edtech startups in the K-12 space, Clever is selling their product directly to schools and districts. Over 18.000 schools use the product today, reaching over 7 million students.

Clever’s API is supported by over 100 education products, ranging from edtech startups to leading providers like Amplify, Imagine Learning and Google.

TechCrunch already reported last December about the Series A round. Clever previously raised a $3 million Seed Round from a group of angel investors including Mitch Kapor, Yuri Milner, Alexis Ohanian, Ben Parr and Ashton Kutcher.

Further Reading

  • Clever Raises $10.3 Million in Series A Investment Led by Sequoia Capital | Press Release
  • Clever, ‘one of the unsexiest ever’ education startups, solves real problems & raises $10.3M | VentureBeat
  • Clever, Maker of an API for Schools, Raises $10.3M | re/code
  • Clever Gets $10 Million From Sequoia To Provide A Standardized API For School Data | TechCrunch

Links

clever.com | Twitter | Facebook | CrunchBase | AngelList

Kirsten Winkler is the founder and editor of EDUKWEST. She also writes about Social Media, Digital Society and Startups at KirstenWinkler.com.