Discovery Communications has led a $20 million round into Grockit. Grockit is known for creating a service called Learnist. Learnist helps students prepare for tests like the SATs and LSATs. Discovery and Grockit will share technology with each other and work on opportunities to market, distribute, and promote each other’s services.
DreamBox Learning is an e-learning company for students that has raised $11 million in a new round of funding. netflix CEO Reed Hastings, Kleiner Perkins partner John Doerr, Deborah Quazzo, and GSV Capital Corp. is participating in this round of funding. DreamBox has raised a total of $18 million in funding.
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Grockit is a social learning startup company that has raised $7 million in Series D. Current investor Atlas Ventures led the round. Existing investors Benchmark and Integral Capital also participated. New investors NewSchools Venture Fund and GSV Capital CEO Michael Moe participated in this round.
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