Wednesday, January 4, 2012

Investors See Opportunity in-Class Social Networking

The New York Times reports that Coursekit, a higher-education social networking company, just raised $5 million in venture investments to expand the company and wider distribution.

According to its co-founder, Coursekit wants “to build what Facebook has done for your personal life, but for your school.”  Coursekit’s software allows faculty to upload homework assignments, answer questions, grade work and facilitate discussions with their students, according to the story.  Coursekit is free for now but the company says its main focus is attracting users, not making money.  Coursekit hopes to gain enough momentum and become one of the “go-to services” that faculty and students use on campuses that is when the company perhaps can have a successful business as a storefront for books and other education-related materials.

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