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October 17, 2011 06:33 pm GMT
Social learning startup Grockit raised its fourth round of funding, a $7 million series D, with current investor Atlas Ventures leading the round. Existing investors Benchmark and Integral Capital also participated, with new investors the NewSchools Venture Fund (an education fund backed by John Doerr and Reid Hoffman) and GSV Capital CEO Michael Moe. The round is much less than the $33 million education startup Knewton just raised, and in fact is the same amount as Grockit's series C funding in May, 2010 was also $7 millionGrockit is building out a set of online social learning services. It began with test prep for the SAT, GMAT, and LSAT, then moved onto high school AP classes. It's latest service is Grockit Answers, a site that creates a Q&A page for any videos on YouTube. Here is one on the credit crisis. The videos get chaptered based on the point at which each question is raised or answered, and the community can supply their own answers. Grockit itself has collected 3,700 educational videos on its YouTube channel, which founder Farb Nivi claims is more than Khan Academy.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HFMSA1vJiWE/
Grockit Gets A $7 Million Venture Infusion And Launches Video Q&A Site Grockit Answers
Social learning startup Grockit raised its fourth round of funding, a $7 million series D, with current investor Atlas Ventures leading the round. Existing investors Benchmark and Integral Capital also participated, with new investors the NewSchools Venture Fund (an education fund backed by John Doerr and Reid Hoffman) and GSV Capital CEO Michael Moe. The round is much less than the $33 million education startup Knewton just raised, and in fact is the same amount as Grockit's series C funding in May, 2010 was also $7 millionGrockit is building out a set of online social learning services. It began with test prep for the SAT, GMAT, and LSAT, then moved onto high school AP classes. It's latest service is Grockit Answers, a site that creates a Q&A page for any videos on YouTube. Here is one on the credit crisis. The videos get chaptered based on the point at which each question is raised or answered, and the community can supply their own answers. Grockit itself has collected 3,700 educational videos on its YouTube channel, which founder Farb Nivi claims is more than Khan Academy.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HFMSA1vJiWE/
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