Seattle-based TeachStreet, which helps teachers promote their classes to local students, has raised $1.2 million in a second round of funding from existing investors and management. The startup will now have raised $3.5 million since its start a year ago. TeachStreet also announced it was expanding into its sixth market, Chicago. In a blog post, TeachStreet CEO Dave Schappell said the company would use the additional money to “add to our customer solutions, and continue our market penetration.” For now, the company provides its services for free. But Schappell suggested that the company was also set to offer premium services soon. “Teachers told us they love the promotional services we’ve built to support their businesses, but they wanted more tools like payments,” he said. Release.

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