Orem, Utah-based GoReact is a skills training platform company that enables educators to personalize skill coaching tools for students to develop job-ready skills. Recently, GoReact announced that it secured $4 million in growth investment led by Five Elms Capital. The GoReact platform interface has a set of review, commenting, and assessment tools to help students prepare for the real world.
With this round of funding, GoReact is planning to accelerate product development and expand into new verticals where skills coaching is needed.
“We’re thrilled with the confidence of both existing and new investors in GoReact’s growth and compelling story,” said GoReact founder and CEO Ken Meyers in a statement. “The additional funding will allow us to continue to innovate on our skill coaching platform, changing the way educators teach job-ready skills to the next generation of leaders.”
GoReact reported it had a stellar 2018 as it signed major partnerships with Macmillan Learning and McGraw-Hill Education. And the company reached a milestone of deployments in more than 500 universities. Plus it was named the fourth fastest growing company in Utah.
“Five Elms is excited to support the GoReact team as they continue to improve the way educators use video to teach important skills,” explained Five Elms Capital managing director Joe Onofrio. “Ken and his team have built a world-class product and fostered an impressive company culture, laying the groundwork for the next stage of growth.”
GoReact added University Venture Fund’s impact fund to its shareholder group in conjunction with this round. Jeramy Lund, the managing director of the fund, explained that the staff and students in the Impact Investing group have been very impressed by GoReact’s ability to “increase the efficacy of teachers who train future teachers.” Lund added that the initial focus on high-impact fields such as American Sign Language, nursing, and special education furthered the desire to make an impact investment in GoReact.