$1.6 Million in Seed Funding
On August 26, 2016, GradeSlam the education technology provider democratizing the tutoring industry, announced that it has closed a $1.6 million in a seed funding round led by Pittsburgh & San Francisco based Birchmere Ventures. GradeSlam will be using this funding to continue growing its impressive list of innovative schools and districts using its service for all their students .“GradeSlam is excited to have the support of Birchmere Ventures. Ned Renzi and the team at Birchmere have been involved in some of the most transformative education technology companies and we look forward to having them behind us as GradeSlam democratizes tutoring,” said Cutler. Though rare for Canadian startups to raise US venture capital at such an early stage, GradeSlam’s transformative approach drew significant interest from US funds. Others participating in the financing include BDC Capital, Anges Quebec, Real Ventures, angels Brian Karol & Robert Luxenberg as well as Founder & CEO Philip Cutler.
Montreal-based GradeSlam makes private one-on-one education affordable for all. Leveraging modern communication channels, GradeSlam enables private one-to-one support for a fraction of the cost of traditional tutoring solutions.
You can find more information on GradeSlam’s funding on their blog.