School Messaging App Secures $40M Investment
A messaging app that allows teachers to send "reminders" to parents and students recently raised $40 million to expand its product internationally, Education Week reports.
The San-Francisco-based ed tech company Remind has more than 1 million teachers and 17 million students and parents using its free app, according to a statement from the company on Sept. 30.
The mobile market has been growing, and as school technology keeps pace with the growth, new innovations are helping parents, students and teachers stay in constant contact.
The concept for Remind's app proved popular enough to draw the attention of investors like Kleiner Perkins Caufield & Byers, who recently announced their participation in a $40 million investment in the company, along with The Social+Capital Partnership and First Round Capital.
"Mobile has changed our everyday lives and is now changing how we learn," said John Doerr, founder and partner, Kleiner Perkins Caufield & Byers, in a written statement. "Remind's simple, safe and free messaging app is connecting millions of K-12 teachers, students and parents. We're thrilled to invest in their hyper growth."
