Real Ventures leads financing of edtech startup ProctorFree

ProctorFree, an automated, online test proctoring service, has raised an undisclosed amount of funding. The round was led by Canadian venture capital firm Real Ventures, which last year closed its third early-stage fund at $89 million. It was joined by Task Force X Capital and a number of individual investors. With the financing, Mark McDowell, a special limited partner at Real Ventures, will serve on the company's board of directors. Huntersville, North Carolina-based ProctorFree said it plans to use the funds to maintain and enhance its technology, accelerate sales and marketing, and add key new hires to meet market demands. The company was founded in 2012.

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