Tech Company Financing Transactions
Grockit Funding Round
On 12/18/2012, Grockit announced $20 million in funding from Discovery Communications, Accomplice and Benchmark Capital.
Transaction Overview
Company Name
Announced On
12/18/2012
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Undisclosed
Investors
Discovery Communications (Lead Investor) (JB Perrette)
Accomplice (Jeffrey Fagnan)
Benchmark Capital (Mitch Lasky)
Proceeds Purpose
In addition to the capital investment, the relationship with Discovery also includes shared technology, as well as exploring marketing, distribution and promotion opportunities with Learnist.
Company Information
Company Status
Acquired or Merged
Industry
EdTech
Mailing Address
500 Third Street 260
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
Email Address
Overview
Grockit's mission is to abolish Education and replace it with Learning. To this end, we aim to utilize the awesome power of the internet to help the world learn. Our first step is leveraging the web to provide live online GMAT test prep classes to anyone with a PC and an Internet connection.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Roy Gilbert
Founder
Farb Nivi
VP - Engineering
Chris Henley
VP - Marketing
Aaron Burcell
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