Today, Wisconsin-based startup, StudyBlue, announced that it has raised $9 million in series A-1 funding led by Great Oaks Venture Capital. The Wisconsin Alumni Research Foundation (WARF) also contributed to the investment, which will allow the startup to continue building on its strong, recent growth. StudyBlue, which allow students to create their own online and mobile study tools in a digital backpack through which they can store, study and share course material, has grown to a user base of 2.5 million students strong.
In all, 1.5 million of those student users have signed on in the last year alone and students have now collectively created over 100 million study materials across the startup’s web, iOS and Android apps.
“We are experiencing rapid growth,” said StudyBlue CEO Becky Splitt, “and this financing allows us to further expand our community and platform to help students master their course material faster and connect students to a comprehensive crowd-sourced library of content on nearly any subject, and to each other, in a highly relevant way.”