Discovery Communications Leads $20 Million Investment In Grockit

Posted Dec 18, 2012

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.

?[Discovery is] a natural fit with Learnist?s unique knowledge platform and model that encourages passionate audiences to share what they know and learn what they don?t,? stated Discovery Chief Digital Officer JB Perrette.

Other investors that participated in this round include Summit Group, Atlas Venture, Benchmark Capital, Integral Capital Partners, and GSV Capital Corp.

[Source: Deadline]