Toronto-based education technology startup Edsby has closed a Series A financing, raising C$5.3 million. The round was led by Chris Besse and joined by existing investors, which include MindAngler Capital, Byye Management and XDL Capital Group. Edsby provides a unified digital learning and data platform for K-12 education.
ONTARIO, Canada, Sept. 16, 2020 /PRNewswire-PRWeb/ — Edsby®, the most comprehensive unified digital learning and data platform for K-12 education, has completed a Series A financing round to propel its continued growth worldwide. The investment was led by education technology executive Chris Besse with participation from existing investors.
In conjunction with the investment, investor Chris Besse, former CEO of FreshGrade and EdgeMakers and Managing Director, K-12, Nelson Education, has joined Edsby as a member of the Board and Chief Commercial Officer.
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All seed investors also participated in the round. They include MindAngler Capital, headed by Nigel Stokes, co-founder and former Chairman and CEO of DataMirror Corp.; XDL Capital Group, led by Dennis Bennie, former Chairman and CEO of Delrina Corporation.
Edsby is used by millions of students, parents, teachers and school districts worldwide. It combines learning management system (LMS) features with advanced assessment, reporting and parent communication—all tailored specifically to the needs of districts, regions and countries. Edsby has seen wide adoption by school districts across North America and elsewhere in the world, including a country-wide rollout in New Zealand.
“The more I looked at Edsby, the more I realized the company’s vast market potential,” said Chris Besse. “The Edsby platform’s unique and comprehensive breadth of features provides K-12 education with the best cloud-based, enterprise solution for managing learning.”
“The four co-founders of Edsby are delighted to welcome such a successful industry veteran who shares our vision of how modern technology can enhance student learning and achievement,” said CEO John Myers. “Edsby stands to benefit tremendously from Chris’ deep experience in the K-12 education sector.”
Edsby announced a seed round in 2014.
Edsby is an award-winning SaaS-based digital learning and data platform that engages students, parents and teachers on all of their devices. It gives school districts, states and provinces or national governments powerful new ways to facilitate their digital transformations. The Edsby team has been building scalable, reliable software systems for education organizations around the world for 30 years using latest technology and standards. More information at https://edsby.com/.