Total amount raised
$66.1 Millions
Latest funding date
February, 2019
Location
ClassDojo has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform is designed to foster communication and community within classrooms, connecting teachers, students, and parents.
Keep reading to explore the intricacies of ClassDojo's fundraising journey and the investors backing this innovative platform.
What Is ClassDojo?
ClassDojo, founded in 2011 by Liam Don and Sam Chaudhary, is headquartered in San Francisco, California. The platform aims to create a community within classrooms by connecting teachers, students, and parents.
ClassDojo offers features such as instant messaging, photo and video sharing, and tools for social-emotional learning. It is designed to foster communication and engagement among all classroom stakeholders.
With a team of 101-250 employees, ClassDojo continues to innovate in the education technology space, making it easier for teachers to manage classroom activities and for parents to stay involved in their children's education.
How Much Funding Has ClassDojo Raised?
- Seed Round
- Amount Raised: $1.6M
- Date: January 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and launch the product.
- Series A
- Amount Raised: $8.5M
- Date: April 2013
- Lead Investors: Shasta Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the user base and enhance platform features.
- Series B
- Amount Raised: $21M
- Date: April 2016
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve user engagement tools.
- Series C
- Amount Raised: $35M
- Date: February 2019
- Lead Investors: GSV Ventures, SignalFire
- Valuation at Round: $400M
- Motivation Behind the Round: To expand the free communication app and develop the Beyond School subscription service.
- Series D
- Amount Raised: $125M
- Date: July 2022
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand international reach.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: April 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and product development.
Total Amount Raised: $191.1M
Current Valuation: Not publicly disclosed
Key Investors
- Tencent
- Details: Tencent is a Chinese multinational conglomerate holding company founded in 1998. It is known for its various internet-related services and products, entertainment, AI, and technology both in China and globally.
- Investment Focus Areas: Social media, gaming, fintech
- Notable Investments: Epic Games, Tesla, Spotify
- GSV Ventures
- Details: GSV Ventures is a venture capital firm that invests in high-growth, market-leading companies in the education technology sector. They aim to transform the learning and talent landscape through innovative solutions.
- Investment Focus Areas: Education technology, digital learning, workforce development
- Notable Investments: Coursera, Chegg, MasterClass
- SignalFire
- Details: SignalFire is a venture capital firm that leverages data-driven decision-making and artificial intelligence to invest in technology companies. They provide operational support and resources to help startups scale.
- Investment Focus Areas: Artificial intelligence, data analytics, enterprise software
- Notable Investments: Grammarly, Zume, Lime
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies across various sectors. They focus on building enduring companies that can transform industries.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Airbnb, Stripe, Snap
- Shasta Ventures
- Details: Shasta Ventures is a venture capital firm that invests in early-stage technology companies. They focus on partnering with entrepreneurs to build innovative and impactful businesses.
- Investment Focus Areas: Enterprise software, consumer technology, digital health
- Notable Investments: Anaplan, Nextdoor, Zuora
What's Next for ClassDojo?
ClassDojo's future looks promising with the expansion of its free communication app and the development of the Beyond School subscription service. The U.S. market, where ClassDojo is already used in over 95% of pre-K to eighth-grade schools, offers significant growth potential. Additionally, international markets present vast opportunities, given the platform's presence in 180 countries.
Future fundraising could be on the horizon to support these expansions and further enhance the platform's offerings. However, challenges such as competition from other educational platforms and maintaining content quality in Beyond School could pose hurdles. Navigating different educational standards internationally will also require strategic planning.
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