Schoology, a learning management solution which provides a collaborative learning environment, has raised a $15 million venture round led by Intel Capital with participation of new investors Great Oaks Venture Capital and Great Road Holdings and existing investors FirstMark Capital and Meakem Becker Venture Capital. Intel Capital’s Sumeet Jain will join Schoology’s Board of Directors.
The round brings Schoology’s total capital raised to $25 million.
Founded in May 2009, Schoology now has 5 million users across 50.000 schools from around the globe. Schoology caters to institutions in K-12 and higher education as well as to corporate clients.
Besides its LMS core, Schoology offers a wide variety of additional features and tools aiming to streamline the workflow of teachers and other educators. The startup just won a CODiE Award for its product.
Schoology offers subscriptions for schools and districts as well as for individual teachers and companies. Recent clients include Uruguay which will supply all schools in the country with the LMS solution as well as Colorado State University.
h/t: Frank Catalano
- Schoology Secures $15 Million to Fuel Growth and Product Innovation | BusinessWire
- Schoology Raises $15 Million in New Capital | Schoology
- Schoology Contract with Uruguay Powers Plan Ceibal 1:1 Learning Initiative | BusinessWire
- Colorado State University-Global Campus Collaborates with Schoology | BusinessWire