ImpactAlpha, July 29 — COVID-19 accelerated demand for educational technology to respond to social distancing and school closures. Class is taking Zoom up a notch with Class for Zoom, which helps teachers take attendance, give out assignments, quizzes and tests and have one-on-one sessions with students.
Washington, D.C.-based Class, launched last year, is backed by Zoom board members and investors but its products are not sponsored or endorsed by Zoom, the company says.
The new round brings Class’s total funding raised to $160 million. The financing will be used to expand domestically and globally, said Class’s Michael Chasen, “reaching places where the need for online learning and corporate training is urgent,” including underserved and remote populations that are at different stages of navigating the pandemic.
SoftBank Vision Fund 2 led the round. Participating investors include Super Bowl champion Tom Brady, GSV Ventures, Owl Ventures, Revolution’s Rise of the Rest Fund, Learn Capital, Insight Partners, Emergence Capital and Reach Capital (see, “Reach Capital closes $165 million fund for edtech startups”).