Edtech startup Classcraft raises $2.8 mln in Whitecap-led round
Education technology startup Classcraft Studios Inc has secured $2.8 million in an early-stage financing. Canadian venture capital firm Whitecap Venture Partners led the round and was joined by Brightspark Ventures, MaRS Catalyst Fund and other investors. Based in Sherbrooke, Québec and New York, Classcraft has created an online educational tool that utilizes game mechanics to improve student engagement. Launched in 2013 by CEO Shawn Young, President Devin Young and CFO Lauren Young, the company's tool is today used by more than 2.5 million students worldwide. It will use the funds raised to scale the platform and integrate new curriculum.
5 September 2017•5 mins read
