Palo Alto-Based Educreations Raises $2.2 Million in First Round

Palo Alto, Calif. -- Educreations, the Palo Alto-based developer of an interactive whiteboard app, said on Tuesday it has secured $2.2 million in its first round of funding, from Accel Partners and NewSchools Venture Fund. The company, founded by former RockYou product manager Wade Roberts and engineer Chris Streeter, said it will use the proceeds to expand its mobile learning platform. Educreations' app transforms the iPad into a recordable, interactive whiteboard that captures voice and handwriting to produce video lessons. The company then hosts these lessons online, where they can be shared publicly or with a private group. Educreations was incubated in ImagineK12, a Silicon Valley-based accelerator program for education technology startups. Angel investors participating in the round included Matthew Greenfield, Tabreez Verjee, and David and Julia Popowitz.
http://www.educreations.com/
http://finance.yahoo.com/news/educreations-announces-2-2mm-series-160000502.html