Class Announces $12M Investment from Salesforce Ventures and Seven Time Super Bowl Champion Tom Brady
WASHINGTON, April 20, 2021 /PRNewswire/ -- Class Technologies Inc., today announced it has raised $12.25 million in additional investment to further accelerate the rollout of its software that adds teaching and learning tools to Zoom. This financing brings the company's total investment raised to over $58 million in the last 12 months. Investors in this round of financing include Salesforce Ventures and American quarterback and seven time Super Bowl champion and entrepreneur Tom Brady.
Additional investors in this financing include Sound Ventures and veteran talent executive, investor and entrepreneur Guy Oseary.
Marc Benioff, CEO of Salesforce, said, "Michael Chasen is an amazing entrepreneur and we are thrilled to be part of Class. In today's post-COVID world kids now learn from anywhere, which is exactly what Class and Michael do so well."
Tom Brady said, "As most parents experienced first-hand, the pandemic highlighted the need for better online teaching and learning technology. I am pleased to partner with Michael Chasen, a proven education and technology pioneer and fellow father of three, to bring the promise, potential, and power of the digital classroom to people around the world."
The funds from the investment will be used to accelerate the rollout of Class software and support the increased global demand. In the seven months since Class has launched, over 7,500 K-12 and Higher-Ed institutions, as well as corporations, around the world have reached out interested in using Class.
"We fast-tracked the development of Class, which is built on Zoom, because we believe people around the world can't wait for our help," said Michael Chasen, co-founder and CEO of Class. "Tom Brady and Marc Benioff's backing further validates the interest leaders across diferent industries have around the massive impact we can drive through more effective and more efficient online learning."
This investment adds to the prior investment of early stage and leading Zoom investors, including:
As well as leading education technology investment firms such as:
And leading technology entrepreneurs and investors:
Class Provides Instructors With Tools Needed to Make
Class is built on the Zoom Meetings platform and offers K-12 and Higher-Ed institutions, as well as corporations, everything they need to facilitate instruction and improve engagement in the virtual classroom. The software adds teaching and learning tools to Zoom and enables instructors to perform many of the activities that happen in a real classroom, virtually, including the ability to:
About Salesforce Ventures
About Class Technologies Inc.
Zoom is a trademark of Zoom Video Communications, Inc. Class Technologies Inc. and its product Class are not sponsored, endorsed, or otherwise affiliated with Zoom.
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SOURCE Class Technologies Inc.
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