MasteryConnect builds an assessment and curriculum platform focused on supporting K-12 educators with formative assessment, interim-benchmark assessment, curriculum planning, and collaboration. The platform enables teachers to identify levels of student understanding in the moment through a variety of assessments so they can target students for immediate intervention and use data to evaluate their practice. The company reports serving over 2.5 million teachers and 21 million students around the world. Recent feature releases include mobile evidence capture for performance-based assessment, full support of the LTI integration standard, and the PRO version of the app Socrative. MasteryConnect announced a $4.5 million Series C financing from inside investors and said it is poised to achieve profitability in 2017, which it presented as ensuring long-lasting stability. Leadership stated the 2017 roadmap will strengthen the core assessment offering and add new features to better measure student growth and capture evidence of learning. MasteryConnect provides teachers with software to plan instruction and measure individualized student progress using formative assessments, qualitative feedback, test scores, and individual ratings. The platform lets educators track and rate student performance, assign targeted practice materials, and adjust teaching approaches based on where students are before and after instruction. It reports 1,800 paying customers, claims usage in 85% of U.S. school districts, and reaches 2 million teachers. The company currently has about 140 employees and intends to grow headcount with the new funding. Financially, MasteryConnect has raised a total of $29 million following the latest investment. The product focus remains on helping teachers tweak activities and approaches to improve student learning outcomes. MasteryConnect offers a mastery learning platform, curriculum, and formative assessment tools for K-12 educators to track student understanding against standards. The company’s technology is used in 85% of U.S. school districts, in more than 175 countries, reaching 21 million students and 1 million teachers. To meet demand it has more than doubled headcount from 35 to over 70 employees. MasteryConnect recently acquired Socrative for $5 million in cash and stock, adding intra-instruction assessment and classroom engagement features. The company emphasizes providing tools that help teachers personalize education at scale, with many tools offered for free. MasteryConnect is headquartered in Salt Lake City, Utah. MasteryConnect offers curriculum, assessment and mastery-learning tools that enable teachers to share standards-aligned assessments and resources and track student mastery of state and Common Core standards. The company has released features such as the Mastery Report Card and Resource Pins to help teachers find and share materials. It also launched a Next Generation Science Standards app in partnership with the National Science Teachers Association and its Common Core app is approaching one million downloads. MasteryConnect is a featured app partner with Microsoft Education. The platform is in use by a registered teacher in more than 36,000 K-12 schools across 10,000 districts, and teachers have tracked more than 18 million mastery scores. The company plans to use new funding to accelerate adoption of its mastery-learning tools in K-12 schools. MasteryConnect offers a cloud platform and mobile apps that let teachers create, share and automatically grade formative assessments tied to Common Core and state standards. The product includes a standards widget for embedding Common Core references, teacher collaboration tools, and browser and mobile grading. Its freemium business model provides free teacher accounts and paid premium plans ($159/year per teacher or $6/year per student for schools/districts) for advanced features and SIS integration. The company reports 500K iOS and Android app downloads, 40 million pageviews of standards in its reference apps, and usage in 7,700 districts and roughly 23,000 schools. With recent funding, MasteryConnect plans to scale infrastructure and support continued growth while maintaining focus on public and low-income schools.

Total raised

$32M

Funding rounds

5

Latest round

Series C

Latest activity

Dec 2016