Learning platform Echo360 nets $18 mln Series C
Echo360, a learning platform provider, has raised $18 million in Series C funding. Duchossois Capital Management and a private family office led the round with participation from SWaN & Legend, CNF Investments and previous backer Revolution Growth.
Reston, VA – Nov. 12, 2014 – Echo360, the global leader in digital technologies that improve learning, today announced it has closed a Series C growth equity round co-led by Duchossois Capital Management and a private family office. The financing will be used to accelerate deployment of the newly launched Echo360 Active Learning Platform, a SaaS learning and analytics solution for higher education.
“We believe Echo360 is poised to make a significant impact by improving education with learner analytics generated by the Active Learning Platform,” said Rohit Seth of Duchossois Capital Management. “Echo360 has the scale and product to make a difference, with 625 universities and colleges as customers, and over two million students using their digital learning platform.”
Higher education’s economic and delivery model is undergoing drastic change built around the core tenets of disruption: online media, mobile access, SaaS software, cloud storage, big data analytics, and social networks. These trends have driven the reinvention of the classroom led by the products from Echo360 including multimedia lecture capture, flipped classes, blended and distance learning. Realizing that critical needs are not being met, especially as all students are now digital-centric, investment in educational technology is estimated to increase dramatically from its $13 billion last year.