Canada based Edtech, Showbie annouced on 20th August 2020, that it has secured CAD $5M funding in series A by Vancouver based Rhino Ventures. The other participants include Azure Capital, Point Nine Capital and various other Canadian and global investors.
Showbie, which is a hybrid learning platform offering tools to educators for transforming their classrooms, claims to utilize the funds to enhance its platform. This new inclusion of funding brings the total received investments of Showbie, to CAD $9M to the date. The startup previously had secured USD 2.3M in 2015, seed funding round.
According to the Showbie, the latest funding amount will aid Showbie to accelerate product features around school communications, analytics and content to serve an all in one solution to schools in order to manage needs for remote and in-classroom learning.
About the company
Started in the year 2012 by Roy Pombeiro and Colin Bramm,the edtech platform offers an extensive suite of educational tools in one-stop easy-to- use application. The platform is such designed that it could increase the efficiency of teachers, allow administrators to follow the objectives of classroom learning and help in identifying struggling students. The company claims that their platform is now used by more than three million educators, schools and districts in over 135 countries.
Co-founder and CEO of Showbie, Colin Bramm, commented, “We are thrilled to be partnering with Rhino Ventures on our Series A financing. With this funding, we can accelerate our efforts towards offering easy to use, yet powerful, tools for teachers and entire school systems to manage the hurdles of at-home learning, as well as enhancing physical classrooms. The massive change in education due to COVID-19 and the global market reaction to use digital tools was a rallying cry for us that we had to help. With Rhino’s support, we will be able to make a positive impact on student success during this period and beyond.”
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