Edsby, a digital learning and data platform for K12 education, has completed a C$5.3 million (£3.1 million) Series A financing round led by education technology executive Chris Besse with participation from existing investors.

All seed investors participated, including MindAngler Capital, headed by Nigel Stokes, co-founder and former chairman and chief executive of DataMirror Corp; and XDL Capital Group, led by Dennis Bennie, co-founder and former chairman and chief exceutiver of Delrina Corporation.

Besse, former chief executive of FreshGrade and EdgeMakers and managing director, K12 at Nelson Education, has joined Edsby as a board member and chief commercial officer.

Toronto-based Edsby is used by millions of students, parents, teachers and school districts worldwide. It combines learning management system features with advanced assessment, reporting and parent communication, 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 company stated it will use the funding to propel its continued growth worldwide.

Besse said: “The more I looked at Edsby, the more I realised the company’s vast market potential. The Edsby platform’s unique and comprehensive breadth of features provides K12 education with the best cloud-based, enterprise solution for managing learning.”

Edsby chief executive John Myers said: “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. Edsby stands to benefit tremendously from Chris’ deep experience in the K-12 education sector.”

Edsby announced a seed round in 2014.

Date published: 17 September 2020

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