Academic Community StudyBlue Raising $1 Million Second Round
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StudyBlue, a social “studying” network and online community for HS and college students, has raised $626,000 worth of a $1 million second round of funding, per an SEC filing. StudyBlue raised $2.2 million last June. The company did not respond to a request for confirmation; former University of Wisconsin Chancellor John D. Wiley was listed as a new board member as part of StudyBlue’s first round.
StudyBlue lets students take text and audio notes, keep track of upcoming quizzes and collaborate with other students in a Facebook-like interface; it also has an iPhone app. Access to the app and other “premium” features comes with a $9.99 per month or $59.99 annual price tag, though students can use the minimum options for free.
Founded in 2007 by University of Wisconsin alums Chris Klundt and Dave Sargent, the service was originally called theClassConnection.com. The two then-students designed it as a resource for their classmates that needed to keep track of upcoming tests, study groups and course notes. The platform gained the University’s buy-in, and has since been adopted by students and professors at more than 2,100 colleges. StudyBlue brought in Becky Splitt, formerly director of Microsoft’s eBusiness Solutions Group, as CEO in 2008.
Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, Community, Companies, Apple, iPhone, studyblue
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