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Schoology Cloud-Based Management System to Receive $32 Million in Series D Financing

The educational management system from Schoology has been becoming more popular. Now, the company has announced that it will receive $32 million in series D financing from various investors, which is a very strong sign for the company's stability.

“Starting with K12, but rapidly expanding in higher education, Schoology lets teachers create curricula on the platform and share it with students,” according to TechCrunch.

“But beyond that, Schoology’s content is all in the cloud, across 12 million users in more than 130 countries, meaning teachers can share their courses and materials with other teachers.”

The platform allows students, teachers and parents to remain organized and on top of assignments. The log in process is made easier by a third party’s ability to build on top of the application as TechCrunch mentions in their report.

Receiving series D financing is a big deal in the business world. Most importantly it is a sign of growth in Schoology and where there is growth, there is a successful product that can be beneficial to schools nationwide and in this case worldwide.

“We are seeing that teachers want to offer more and more personalized content to their students,” said cofounder and CEO Jeremy Friedman, according to the report.

“With Schoology, teachers are able to assess students’ progress through quizzes and assign personalized coursework (from Schoology’s vast library of content) to help that student through parts they find challenging.”

Schoology offers a free product for teachers as well as another system that can be integrated within the schools existing information systems.

“Schoology says it has more than 1000 enterprise clients, including the recent addition of the Los Angeles Unified School District (the second largest in the country), which is bringing the technology platform to more than 13,000 school districts,” according to TechCrunch.

The new financing could mean more projects in the works from the company.

Read the full story.

Article by Navindra Persaud, Education World Contributor

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