Peergrade is a Danish edtech platform that facilitates peer feedback and peer grading within university courses. Teachers set assignments and grading criteria and invite students to upload work (for example, Word documents or YouTube videos), which the platform distributes to peers for grading and feedback. The product uses advanced statistical models to estimate fair grades and reduce peer bias, and employs natural language processing to infer the quality of text feedback. The company has made significant progress since being bootstrapped and is now used by all major universities in Denmark, with paying customers in Denmark, Sweden, Norway and Finland. Financially, Peergrade was previously bootstrapped and has now raised a modest $300,000 seed round. Recent backing comes from UK edtech accelerator Emerge Education and Nordic Makers, a supergroup of Nordic angels. The article does not provide revenue or other detailed financial metrics.

Total raised

$0M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2016