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OpenEd Announces $2 Million Seed Funding

Funding from PivotNorth Capital on a $10 million Valuation to Further Personalized K-12 Learning For All (July 15, 2014)

LOS GATOS, Calif., July 15, 2014 /PRNewswire/ --OpenEd (www.OpenEd.io), the largest K-12 educational resource catalog, today announced $2 million in seed funding from PivotNorth Capital. The funding will be leveraged to build out additional capabilities and apps for resource-oriented education.

With the largest K-12 educational resource catalog with the most Common Core aligned videos, games and assessments, OpenEd's unique education recommendation engine determines just the right resource to use for any learning standard and any student, providing personalized educational resources for all. OpenEd's resources are exposed open source with an open API now used by many leading edtech companies.

"Technology is rapidly providing educators with new ways to teach, and students with new ways to learn," said Tim Connors,Founder and Managing Partner at PivotNorth Capital. "OpenEd's largest catalog and smart recommendation engine that finds the right resources in any situation is unique. We believe that it will be the first approach to enable truly personalized learning. We are looking forward to partnering with OpenEd to help them find even more contexts and markets to apply their game-changing technology."


OpenEd provides teachers and parents with a free, simple tool to find videos, games and assessments that enliven lesson plans and aid students in class or at home. In addition, OpenEd's new free assessment creation tool enables teachers to easily create assessments while associating resources to individual questions. Should a student miss a question on an assessment, OpenEd automatically recommends resources such as videos or games they can review to achieve mastery. The result is in effect the ability to effect a personalized learning plan for every student for the first time.

To visit OpenEd go to www.OpenEd.io.

About OpenEd
OpenEd was founded in 2012 with the goal of enabling teachers to have access to the best educational resources for their students, with a focus on finding the right resources to teach Common Core standards. To do this, OpenEd has built the world's largest catalog of educational videos, games and assessments. OpenEd is committed to keeping all content available free to all educators worldwide. For more info visit www.OpenEd.io

Contact:
Anders Steele
andersJsteele@gmail.com
831.239.0960

SOURCE OpenEd

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