Education startup Declara raises $16 million
Declara is an education startup that has raised $16 million in Series A funding. Declara has raised a total of $25 million from VC firms like Catamount Ventures, Data Collective, Founders Fund, and GSV Capital. This round of funding will be used for expanding into other regions.
Declara provides continuing education support to thousands of teachers such as the ones that are a part of the Australian public school system and the teachers union in Mexico called SNTE. Declara’s customers are generally governments and ministries, but it sells web and mobile services to schools like the University of Pennsylvania.
Declara was founded by Ramona Pierson. Pierson was a U.S. Marine in her 20s and was hit in a drunk driving accident. She was in a coma for 18 months and had to have over 100 surgeries after that. Pierson was motivated in overcoming this adversity by poring efforts into entrepreneurial ventures. She built an online education system for Seattle public schools and received backing from the Bill & Melinda Gates Foundation. She also sold an education technology startup called SynapticMash.
Exisitng customers pay Declara $50 per user per year for its services. If their system has a lot of users, the cost per user drops.