MasteryConnect Announces $5 Million in New Funding

Sigue a La Raza en Facebook

Investment from Mark Zuckerberg and Priscilla Chan to support
continued development of the Company’s mastery-based platform

SALT LAKE CITY–(BUSINESS WIRE)–Education technology leader MasteryConnect
today announced that it has secured $5 million in funding from Facebook
founder and CEO Mark Zuckerberg and his wife, Priscilla Chan. This
additional investment is an extension of the company’s $15.2 million
Series B round, bringing MasteryConnect’s total private funding to $29
million. The company will use this additional funding to accommodate and
facilitate its rapid growth and increase the reach of its
competency-based learning platform.

MasteryConnect is a leader in competency-based learning solutions and
creates technology tools that help teachers plan, teach, and measure
student progress to improve learning outcomes. The company has
experienced exponential growth in the last year, with its technology
currently being utilized in 85 percent of U.S. school districts across
all states and in more than 170 countries, reaching 2 million teachers.
To meet growing demand, MasteryConnect has more than tripled its
employee base, expanding from 35 employees in March 2014 to more than
140 today.

“As a principal, I’ve seen how personalized learning helps engage
students on a fundamentally individual level and inspire them to reach
their potential,” said D’Andre Weaver at Gwendolyn Brooks Preparatory
Academy in Chicago. “It can seem difficult and overwhelming for us as
educators to personalize education to each individual student in the
classroom. But MasteryConnect provides my teachers the tools to do it
easily and efficiently, allowing us to provide students with the
academic and life skills they will need in college and beyond.”

The demand for competency-based learning tools is at an all-time high.
MasteryConnect is a market leader in curriculum, assessment and mastery
learning tools for K-12 and provides educators with the solution they
need to implement a competency-based learning strategy striving to
bridge the gap between students’ thirst for personalized learning and
educators’ ability to fill that need.

“We’re grateful for the support of prominent innovators like Mark and
Priscilla. The impact of teachers personalizing learning for students is
immediate and life changing,” said MasteryConnect CEO Cory Reid.
“MasteryConnect is establishing itself as a leader in competency-based
education solutions and we’re excited to use this funding to further
invest in the development of our platform and to continue providing
these solutions to educators.”

In addition to this most recent funding from Zuckerberg and Chan,
MasteryConnect is backed by top-tier firm Trinity Ventures, as well as
Pelion Ventures, Catamount Ventures, and the Michael and Susan Dell
Foundation.

About MasteryConnect

MasteryConnect is the market leader in competency-based learning for
K-12. MasteryConnect helps teachers in the trenches identify student
levels of understanding in real time against any set of standards in
order to personalize learning and improve outcomes. MasteryConnect
supports teachers via its cloud-based platform, including Socrative.com,
as well as through numerous apps on all web-enabled devices.
MasteryConnect is headquartered in Salt Lake City, Utah. For more
information, visit MasteryConnect.com.

Contacts

Method Communications
Roger Johnson, 801.461.9781
roger@methodcommunications.com