Remind, formerly Remind101, raised a $40 million Series C led by Kleiner Perkins Caufield & Byers with participation by The Social+Capital Partnership and First Round Capital.
Founded in 2011 by the brothers Brett and David Kopf, Remind is one of the most successful edtech startups from imagine K12’s first cohort, closely followed by ClassDojo. This latest round brings the total of funding raised by Remind to $59.5 million.
Key Takeaway
The funding will be used to fuel Remind’s further development and international expansion which started in July by launching the app internationally yet with a focus on the UK as its next big market.
Remind claims that during this year’s back to school season around 350k new users signed up for the service per day, pushing the app to the #3 spot in the iTunes Appstore. The platform now connects over 1 million teachers (one in five in the US) with more than 17 million students and parents.
According to investors and the founders, Remind will always be free for its basic use in order to grab an as big chunk of the market as possible. Later on paid premium features will be added to monetize reports Forbes.
Further Reading
- Remind Raises $40 Million to Connect Every Teacher, Student and Parent in an Effort to Improve Education | Press Release
- Remind, a Start-Up That Links Teachers and Parents, Raises $40 Million | New York Times
- With $40 Million In New Cash, Parent-Teacher App Remind Targets A Billion Users Worldwide | Forbes