The round was led by Wellington Management Company, with participation from Advancit Capital, Kyowon Group, Rick Segal, Managing Partner of ReThink Education, Deborah Quazzo, Founding Partner of GSV Advisors, Betty Cohen, Founding President of Cartoon Network, Gerald Hughes, Operating Partner at Castanea Partners and former President & COO of Houghton Mifflin Harcourt, Helena Wong, former President of International for Rosetta Stone, and Dave Pottruck, Chairman of HighTower Advisors and former CEO of Charles Schwab. In conjunction with the funding, Rami Rahal, Founding Partner at Blue Cloud Ventures, joined the company’s Board.
The company, which has raised $25m to date, will use the funds for global marketing and customer acquisition initiatives.
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