EdCaliber, a Portland, Oregon-based provider of Instructional Improvement Software to K-12 school districts, raised $500k in convertible debt financing.
The round was led by Nitin Rai, CEO of First Insight Corporation, who will join EdCaliber’s board, and includes $165k from TiE Oregon Angels.
The company intends to use the funds for its go-to-market strategy and expansion in the U.S. education market. To this end, it hired Dan Tierney as Chief Revenue Officer and Ralph Risch as Chief Marketing Officer.
Founded by CEO Kevin Stone, a serial entrepreneur from Silicon Valley, and Ruth Miller, a school improvement specialist with over 30 years experience in education, EdCaliber provides cloud-based system that gives teachers and administrators the tools to manage resources and track student learning progress against specific standards, including the new Common Core State Standards (CCSS) and English Language Development Standards, and then re-engage those students who are not meeting the benchmark.
The platform also allows teachers to share learning resources and best practices across a school, district, or state.
EdCaliber is located in the TiE Pearl startup incubator with additional offices in California.
FinSMEs
30/08/2013