Learning portfolio platform Pathbrite has raised a $3.7 million Series B led by Cengage Learning with participation of existing investors ACT and Serious Change.
This latest round brings the total funding raised by Pathbrite to $11.7 million. Pathbrite will use the funding to expand its sales and customer care team and plans to offer its platform in other markets including Europe, Latin America, Asia and Africa.
Founded in 2012, Pathbrite provides students, teachers or entire schools with a cloud based learning portfolio platform. The service includes features like student portfolios, course planning and delivery, assessment tools and student management.
With Pathbrite students can create portfolios for free by either uploading material or embedding 3rd party content from a variety of sources. Teachers can build assignment-based portfolio templates which can be tracked and assessed. Pathbrite also integrates with existing management systems in schools or higher education.
The aim of Pathbrite is to create an alternative to classic résumés by collecting more data around ones education than just test results and transcripts and therefore make it easier for individuals to stand out from the crowd as well as for employers to get a better sense about the qualifications of job applicants beyond test scores.
Before Pathbrite another edtech startup offered a very similar service. Zinch, founded in 2009 and acquired by Chegg in 2011, had the tagline “more than a test score”. By the time of its acquisition Zinch had 3.5 million users. Today Zinch which is now branded as Chegg Admission Services is used by 75% of college bound high school students according to the Q1 2014 results.
David Blake, one of the founding team members of Zinch is currently working on another startup in the same space. Degreed scores and validates a user’s lifelong education from accredited and non-accredited sources.
Based on its investment in Pathbrite, Cengage Learning will integrate the portfolio platform in its 300+ MindTap courses by fall 2015.
Pathbrite also plans to offer services for employers who will be able to build templates for job openings including the skills and experiences needed as well as the responsibilities. Applicants will then be able to run their portfolio against the job opening to get immediate feedback if they have the necessary skill set to apply.
Apollo Education is offering a similar service via its new course aggregator platform Balloon. Job candidates can browse job openings on the site and learn which skills are required to apply. They can then search the course database by either the skill they need to learn or the job title.
- Pathbrite Announces $3.7 million in New Investments | PR Newswire
- Cengage Learning and Pathbrite Partner to Add ePortfolio Solutions to Deliver Today’s Most Robust Course Solution | PR Newswire
- Pathbrite lands $3.7 million for digital portfolios for students | VentureBeat
- Pathbrite Gets $3.7M to Grow ‘Portfolio Learning Platforms’ | EdSurge
- Chegg adds another Piece to its Student Graph – Acquires Zinch | EDUKWEST
- The Future is Digital: Chegg Quarter 1 2014 Results | EDUKWEST
- HEDLINE: Apollo Education launches Course Aggregation Platform Balloon | EDUKWEST