Class Announces $ 12 Million Investment from Salesforce Ventures and Seventh Super Bowl Champion Tom Brady
WASHINGTON, April 20, 2021 / PRNewswire / – Class Technologies Inc., today announced that it has raised $ 12.25 million in additional investment to further accelerate the deployment of its software which adds teaching and learning tools to Zoom. This financing brings the company’s total investment to more than $ 58 million in the past 12 months. Investors in this round of funding include Salesforce Ventures and the US quarterback and seven-time Super Bowl champion and entrepreneur. Tom brady.
Other investors in this funding include Sound Ventures and Guy Oseary, a seasoned executive, investor and entrepreneur.
Marc Benioff, CEO of Salesforce, said: “Michael chasen is an amazing entrepreneur and we are thrilled to be a part of Class. In today’s post-COVID world, kids now learn from anywhere, and that’s exactly what Class and Michael are doing so well. “
Tom brady said, “As most parents have experienced firsthand, the pandemic has highlighted the need for better online teaching and learning technology. I am happy to be associated with Michael chasen, a proven education and technology pioneer and father of three, to bring the promise, potential and power of the digital classroom to people around the world. “
The funds from the investment will be used to accelerate the deployment of the class-based software and support growing global demand. In the seven months since Class launched, more than 7,500K-12 and higher education institutions, as well as businesses around the world, have become interested in using Class.
“We have accelerated the development of Class, which is based on Zoom, because we believe that people all over the world cannot wait for our help,” said Michael chasen, co-founder and CEO of Class. “Tom brady and Marc Benioff the support further confirms the interest that leaders from different sectors have around the massive impact that we can generate through more effective and efficient e-learning. “
This investment is in addition to the prior investment of the first investors and the main investors of Zoom, in particular:
- Santi Subotovsky, General Partner at Emergence Capital and member of the Board of Directors of Zoom.
- Jim scheinman, Founding Managing Partner of Maven Partners.
- Bill Tai, an investor with 30 years of experience in venture capital.
As well as leading education technology investment companies such as:
- Deborah Quazzo, Partner at GSV Ventures, one of the leading ed tech investment funds.
- Jeff Lieberman, Managing Director at Insight Partners.
- Ian chiu, Managing Director at Owl Ventures.
- Reach Capital, focused on empowering learners by investing in innovative educational businesses.
And the main entrepreneurs and technology investors:
- Steve case, co-founder of America Online (AOL), and Chairman and CEO of Revolution’s Rise of the Rest Seed Fund.
- Fred schaufeld, co-founder and CEO of SWaN & Legend Venture Partners.
- Slow Ventures, the fund that supported Slack, Casper, Postmates and Airtable.
The class provides instructors with the tools to create
Virtual classrooms feel like real classrooms
Class is built on the Zoom Meetings platform and offers K-12 and Higher-Ed schools, as well as businesses, everything they need to facilitate teaching and improve engagement in the virtual classroom. The software adds teaching and learning tools to Zoom and allows instructors to perform many activities that take place in a real classroom, virtually, including the ability to:
- Present from the front of the classroom
- Take attendance
- Track participation
- Hand out homework and quizzes
- Proctor exams
- Quality work
- Talk one-on-one with a learner
- And more
About Salesforce Ventures
Salesforce is the global leader in customer relationship management (CRM), bringing businesses closer to their customers in the digital age. Salesforce Ventures, the global investment arm of Salesforce, is investing in the next generation of enterprise technology that extends the power of the Salesforce platform. Salesforce Ventures is building the world’s largest ecosystem of enterprise cloud companies and extending this technology to customers. Portfolio companies receive funding, strategic advice and operational support, and can easily join 1% commitment to make giving back part of their economic model. Salesforce Ventures has invested in over 400 companies including DocuSign, GoCardless, Guild Education, nCino, Twilio, Zoom and others in 22 countries since 2009. For more information, please visit www.salesforce.com/ventures.
About Class Technologies Inc.
Class is software developed by Class Technologies Inc., a company founded by an educational software pioneer Michael chasen. The classroom adds teaching and learning tools to Zoom and makes the virtual classroom feel like a real classroom. It helps teachers take notes, hand out homework, give a quiz or test, grade assignments, take proctor exams, talk one-on-one with a student, and more . Founded in 2020, Class is headquartered in Washington DC with staff around the world. Schedule a demo at class.com and follow us on Instagram and Twitter at @WeAreClassTech.
Zoom is a trademark of Zoom Video Communications, Inc. Class Technologies Inc. and its class of products are not sponsored, endorsed or otherwise affiliated with Zoom.
SOURCE Class Technologies Inc.