Milpitas, CA – Feb 18, 2013 – ScootPad, a leading personalized learning platform, today announced $600k in seed funding to accelerate product innovation and support hyper-growth.
This seed round is led by 3 silicon valley based business executives & angel investors:
- Brad Buss, CFO & EVP, Cypress Semiconductor (BOD: Tesla Motors, CafePress)
- Michael Tate, Ex-CFO, NetLogic Microsystems (Sold to Broadcom for $3.7 billion)
- John Keller, Founder of Ranger Marketing GmbH (Europe)
ScootPad recently announced crossing the 1 million user milestone within 6 months of launch – making it one of the world’s fastest-growing education technology companies. ScootPad also released its Premium edition recently to enable deeper personalization and greater student engagement.
“Education is overdue for a major digital disruption and ScootPad is at the forefront of this revolution,” said Brad Buss. “I am excited to stand behind the ScootPad management team as they continue to innovate and shape the future of education.”
“ScootPad’s rapid adoption and overwhelming positive user feedback is a testament to the value and need for such a breakthrough application,” stated Michael Tate. “I am excited to be involved with such a strong management team to help bring this important and needed educational tool to the market. The ScootPad platform is truly revolutionary where it both simplifies and improves the educational process while also lowering the total cost of education.”
“We’re honored to work with such high caliber investors & advisors as we embark on our next major growth phase” said Bharat Kumar & Maya Gadde, ScootPad’s Co-Founders. “We’re just getting started! In the coming months, stay tuned for groundbreaking features that will lead classrooms into a new era of learning!”
Founded in 2011, ScootPad is an advanced content delivery and engagement platform that enables deeply personalized and rapidly accelerated learning experience. Since it’s launch in 2012, 25,000+ schools across 8,000+ districts have started using ScootPad (and growing rapidly by word-of-mouth). For more information, visit www.scootpad.com.