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| [February 01, 2013] |
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$1.7+ Mil Total Funding for Ellevation Education, iCreate to Educate, Zulama Announced at LearnLaunch / MIT Sloan.Ed Ed Tech Conference
CAMBRIDGE, Mass. --(Business Wire)--
Ed Tech startups Ellevation
Education, iCreate
to Educate and Zulama
separately announced a combined total of $1.7 Mil in funding rounds,
strategic investments and grants at today's "Across
Boundaries: Innovation & The Future of Education" conference
co-sponsored by MIT (News - Alert) Sloan.Ed and LearnLaunch,
a non-profit organization driving the growth of learning and education
technology companies and the New England ed
tech business cluster. The founding of LearnLaunchX,
New England's first major Ed Tech and digital
learning-focused accelerator, was also announced.
Other benchmarks also announced today at the Conference include PrepNow's
first calendar year's revenues of $1Mil, and Learning
Touch's achievement of 2.5 million downloads of its pre-K mobile
learning apps. TestTubeGames
announced a National Science Foundation Award, and ConnectEDU
disclosed details of a recent $100,000 grant jointly-awarded to the
company and CareerVillage
by the College
Knowledge Challenge, a competitive grant initiative funded by the Bill
& Melinda Gates Foundation.
"Today Ellevation is announcing that it has secured over $1.5M in
capital from a terrific group of aligned investors that are passionate
about driving change in public education," said Jordan Meranus,
Ellevation, LLC CEO & Co-Founder. Ellevation, a Boston-based software
company focused exclusively on English Language Learners and the
educators that serve them, was founded by Meranus and Teddy Rice
approximately 15 months ago. Over the past year the company has enjoyed
considerable success, building a great team, launching its first
product, and increasing the total number of district customers to 120
across 14 states.
Among Ellevation's investors are LearnLaunch founder Eileen Rudden,
long-time Boston venture capitalist Rick Burnes, entrepreneur and
investor Josh Tolkoff, Adam Miller, the founder and CEO of Cornerstone
on Demand, and NewSchools Venture Fund's Seed Fund.
iCreate to Educate separately announced a strategic investment in the
company by Kaplan
Early Learning Group, the terms of which were not disclosed. Its
Stop-Action-Movies (SAM) Animation lets students and teachers capture
still images from a webcam that can be played back in movie form like a
digital flip book. SAM fundamentally evolves the ways that teachers and
students can engage with STEM and other learning content, and provides
teachers with invaluable new insight into student's thinking processes
and progress in knowledge acquisition, proactively preventing learning
"gaps" from becoming achievement barriers. The startup is the recipient
of numerous technology, innovation and learning sector awards.
Zulama executives disclosed that the company has raised more than
$200,000 to date in its seed round, which opened in December 2012.
Zulama's expert-authored online courses are a magnet for teens,
providing access to unique subjects they're passionate about. Zulama
helps students connect, teachers simplify, parents stay involved, and
schools reach and exceed achievement objectives.
ConnectEDU and CareerVillage disclosed details of the $100,000 College
Knowledge Challenge competitive grant Grand Prize awarded for Career
Connect, an app built in partnership by the two companies. The College
Knowledge Challenge, a competitive funding initiative for the best
Facebook (News - Alert) applications for helping students get to and succeed in
college, announced 21 winners last week. The Career Connect app was
awarded the largest grant available through the initiative, which is
supported by the Bill & Melinda Gates Foundation, Redpoint
Education, College
Summit, Facebook and the King
Center Charter School. ConnectEDU is a technology company committed
to connecting the world's learners to life's possibilities through clear
education-to-career pathways; CareerVillage is an ed tech venture that
creates social games to prepare students for careers.
PrepNow capped its first full calendar year by topping the 1000 student
and $1 million in revenue marks. The company is planning aggressive
expansion in 2013.
Learning Touch announced that it has achieved the milestone of 2.5
million app downloads and 500K monthly active users for its games that
let toddlers and pre-school-aged children learn and explore with games
that reveal, reward and teach.
TestTubeGames is pleased to announce that its game, Velocity Raptor, has
won an honorable mention in the National Science Foundation's
International Science and Engineering Visualization Challenge. Velocity
Raptor introduces players to relativity by allowing them to travel near
the speed of light. The game will be featured in the February issue of
the journal Science.
Eileen Rudden, Co-Founder of LearnLaunch, summarizes: "Boston and New
England have long been a center for learning innovation, and the
benchmarks, funding and awards announced today herald a new cycle of
innovation that leverages evolving mobility and platforms, and enriches
learning at every point in the life-long continuum."
Supporting Resources:
www.LearnLaunch.org
(organization, conference, speaker bios, etc.) https://www.facebook.com/learnlaunch https://twitter.com/LearnLaunch http://blog.learnlaunch.org

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