Nearpod, the edtech startup, working to make education more interesting using creative ways, has raised $9.2 Million in Series A round of funding. The funding round was led by Reach Capital and it also saw participation from Storm Ventures; Rothenberg Ventures; AGP Miami; Arsenal Venture Partners; the John S. and James L. Knight Foundation; Krillion Ventures; and Stanford’s StartX fund.
Nearpod is working on a solution which lets teachers use mobile technology for live instructions and lectures. The nearpod app is used to deliver the content directly on the mobile screen of the students to leverage the fact that over 80% of the students in US use a smartphone inside the classroom at some point of time.
Nearpod already has over 1.6 million users on the platform, majority of them being students. However, the startup claims that there are at least 100,000 teachers and the app has been used in over 10,000 schools in 2016 alone. Also, over 2000 schools in US have subscribed to the paid version of Nearpod.
Speaking on the development, Guido Kovalskys, CEO nearpod made his vision clear that he wants to revolutionize the way students are taught. According to him, handheld devices are the future and there is no harm in integrating them with the education. He further added that Nearpod has been generating revenue since 2013 and the latest round is raised for expanding the team and developing even better technology to reach out the maximum number of students.