Zaption, a San Francisco-based video learning company, raised $1.5m in seed funding.
Backers included NewSchools Venture Fund, Redcrest Enterprises, Scion Capital and Telegraph Hill Capital.
The company intends to use the funds to expand its video learning platform and increase its U.S. sales and marketing operations.
Led by Chris Walsh, CEO, Zaption provides instructors and trainers with a platform to engage learners by adding text, images and relevant questions to existing videos from YouTube, Vimeo and private video libraries. In addition, an analytics tool provides instructors with feedback on how students interact with content and understand key concepts.
The company has provided its learning platform to more than 200,000 users across K-12 classrooms, higher education programs, adult training settings, and fully online courses. Recently, It was awarded two Small Business Innovation Research (SBIR) grants from the U.S. Department of Education’s Institute of Education Sciences, providing $1m in additional funding. The 2nd phase of the grant will enable Zaption to develop new video learning tools and content in collaboration with education partners including Discovery Education, Canvas, Gooru Learning, San Francisco Unified School District, and others.
FinSMEs
19/05/2015