- Class Technologies announced recently that it has raised $12.25 million in additional investment. These are the details.
Class Technologies announced recently that it has raised $12.25 million in additional investment to further accelerate the rollout of its software that adds teaching and learning tools to Zoom. And this financing brings the company’s total investment raised to over $58 million in the past year.
The investors in this round of financing include Salesforce Ventures and American quarterback and seven-time Super Bowl champion and entrepreneur Tom Brady. Additional investors in this funding round include Sound Ventures and veteran talent executive, investor, and entrepreneur Guy Oseary.
The funds from the investment will be used for accelerating the rollout of Class software and support the increased global demand. In the 7 months since Class has launched, over 7,500 K-12 and Higher-Ed institutions as well as corporations, around the world have reached out interested in using Class.
KEY QUOTES:
“Michael Chasen is an amazing entrepreneur and we are thrilled to be part of Class. In today’s post-COVID world kids now learn from anywhere, which is exactly what Class and Michael do so well.”
— Marc Benioff, CEO of Salesforce
“As most parents experienced first-hand, the pandemic highlighted the need for better online teaching and learning technology. I am pleased to partner with Michael Chasen, a proven education and technology pioneer and fellow father of three, to bring the promise, potential, and power of the digital classroom to people around the world.”
— Tom Brady
“We fast-tracked the development of Class, which is built on Zoom, because we believe people around the world can’t wait for our help. Tom Brady and Marc Benioff’s backing further validates the interest leaders across different industries have around the massive impact we can drive through more effective and more efficient online learning.”
— Michael Chasen, co-founder and CEO of Class
This investment adds to the prior investment of early stage and leading Zoom investors, including:
— Santi Subotovsky, General Partner at Emergence Capital and Board member of Zoom.
— Jim Scheinman, Founding Managing Partner of Maven Partners.
— Bill Tai, an investor with 30 years of venture capital experience.
And investment firms such as:
— Deborah Quazzo, Partner at GSV Ventures, one of the leading investment funds in ed tech.
— Jeff Lieberman, Managing Director at Insight Partners.
— Ian Chiu, Managing Director at Owl Ventures.
— Reach Capital, focused on empowering learners through investing in innovative education companies.
And leading technology entrepreneurs and investors:
— Steve Case, co-founder of America Online (AOL), and Chairman and CEO of Revolution’s Rise of the Rest Seed Fund
— Fred Schaufeld, co-founder and Managing Director of SWaN & Legend Venture Partners
— Slow Ventures
