ClassDojo, the messaging app allowing parents and teachers to contact one another, has raised an additional $35 million in Series C funding.
Funding for the Future
The latest round was led jointly by GSV and SignalFire and also saw participation from General Catalyst and Uncork Capital. According to reports, the new round of funding will be used in one of two ways: First, to continue the expansion of the popular messaging app; and second, to develop a new subscription service called ‘Beyond School’, which provides parents with at-home tutoring lessons to bolster their students’ current lessons.
A Y-Combinator Graduate on the Rise
Founded in 2011, ClassDojo is a platform that allows parents and teachers to remain in communication regarding their students’ schoolwork, projects, and schedule updates. After starting out as part of Y-Combinator, ClassDojo has now expanded to more than 180 countries world-wide. While the company has not revealed an official valuation, reports state the company is now worth more than $400 million; an impressive increase from the $100 million reported valued just back in 2015. To date, ClassDojo has raised more than $65 million after four rounds of funding.
A Global Success
The reason for the impressive jump in valuation is due in part to the seeming ubiquitousness of the app. According to ClassDojo, the app is now used by 95% of K-to-eighth grade schools in the U.S., and is also said to be used by more than 25% of primary schools in the U.K., Australia, Hong Kong, Singapore, and the UAE. According to company CEO and co-founder Sam Chaudhary, “Learning is so much about having strong relationships,” Chaudhary said. “It’s pretty cool to see the effect this can have not just with parents and teachers, but between parents and kids.”
For ClassDojo, it truly appears the sky is the limit.