Grockit Receives $20,000,000 New Funding Round

  • Feed Type
  • Date
    12/18/2012
  • Company Name
    Grockit
  • Mailing Address
    500 Third Street San Francisco, CA 94107
  • Company Description
    Grockit’s mission is to abolish Education and replace it with Learning. To this end, we aim to utilize the awesome power of the internet to help the world learn. Our first step is leveraging the web to provide live online GMAT test prep classes to anyone with a PC and an Internet connection.
  • Website
    http://www.grockit.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    In addition to the capital investment, the relationship with Discovery also includes shared technology, as well as exploring marketing, distribution and promotion opportunities with Learnist.
  • M&A Terms
  • Venture Investor
    Discovery Communications
  • Venture Investor
    Summit Partners
  • Venture Investor
    Atlas Venture
  • Venture Investor
    Benchmark Capital
  • Venture Investor
    Integral Capital Partners
  • Venture Investor
    GSV Capital