Ed Tech Company Lands More Funding

Updated:
INDIANAPOLIS -

An Indianapolis-based educational technology company has closed on a $585,000 round of funding. Perceivant, which develops interactive guided courseware, says it will use the investment to accelerate efforts to bring its product to more higher education institutions throughout the country. The investors that participated in the funding round include Elevate Ventures in Indianapolis, among others.

Perceivant currently has eight full-time and four part-time employees. Its courseware is being used at 12 universities, including Ohio State University, Brigham Young University, and the University of North Carolina at Chapel Hill. Brian Rowe, chief executive officer of Perceivant, says the new funding is "pure growth capital" to be used to grow the size of the company's target market.

"Because of the long sales cycles in higher education, it’s critical for us to get more schools in the top of our funnel and aware of our solution as quickly as we can," said Rowe. "This funding will help accelerate that."

Perceivant's online platform replaces traditional textbooks and e-books with interactive digital content the company says increases student access and engagement. The platform is available in classrooms, online and on mobile devices. It also includes training time for educators.

"Perceivant has found a way to compete against large college textbook publishers by providing an online learning platform that offers quality content on an interface that gives instructors high levels of customization and reporting and students a cost-effective option," said Jacob Schpok, entrepreneur-in-residence for Elevate Ventures. "The leadership team and advisors have backgrounds in the education and business development space which leads Elevate Ventures to believe Perceivant has the team and business model to be successful."

The company's platform currently offers four courses in the health science field, with more courses in development. Elevate Ventures says Perceivant's largest university partner saw a 48 percent reduction in students receiving a grade of D or F, or withdrawing from the course after implementing the platform.

  • Perspectives

    • Ahh…Yes! Turning a Hot Mess into a Cool Breeze

      "Problems cannot be solved by the level of thinking that created them," is attributed to Einstein over 75 years ago. This still holds true, particularly in challenging communications. Many people address conflict at the level it was created by rehashing and building more evidence for their ‘side’ of an argument. Repeating a position tends to intensify the separation of people.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Bob Stutz

      New Role For Salesforce Exec

      After three years on the job, Salesforce Marketing Cloud Chief Executive Officer Bob Stutz is moving into a new role. Stutz, who will remain in Indianapolis, is now executive vice president of strategic partners at Salesforce (NYSE: CRM).  Since arriving in Indianapolis, Stutz has overseen the establishment of the company’s regional headquarters in downtown Indianapolis, which included the Salesforce name being placed atop the state’s tallest building.

    • Purdue Global Now Offers Analytics Degree

      The U.S. Bureau of Labor Statistics reports that jobs in the field of data analysis are projected to grow 26 percent over the next ten years. Acting upon that data, Indianapolis-based Purdue University Global has launched a new Bachelor of Science degree program in analytics. 

    • Aasif Bade (pictured left) is president and Patrick Chittenden (pictured right) is executive vice president of Ambrose Property Group.

      Waterside Developer: City Has 'Violated Our Rights'

      The chief executive officer of Indianapolis-based Ambrose Property Group says the firm is preparing for litigation regarding the future of the former GM Stamping Plant site. In a response to a letter from the city of Indianapolis this week, Aasif Bade says the city's continued threat of acquiring the site of the $1.4 billion Waterside redevelopment project through eminent domain "has violated our rights and is harming the community by putting Waterside in a state...

    • (photo courtesy of the Center for the Performing Arts)

      Center for the Performing Arts Launches Naming Campaign

      The Center for the Performing Arts in Carmel is looking for its first-ever corporate naming partner. The nonprofit, which is approaching its 10th anniversary, says it hopes to find a partner with a “shared vision of advancing the arts and educational programming, unifying the community and extending the center’s impact.” The campaign to find a partner follows a strategic planning process, which involved an independent analysis from Chicago-based sponsorship...

    • Red Star announced plans to expand and add 18 jobs.

      Larwill Medical Device Maker to Expand, Add Jobs

      A Whitley County-based medical device maker has announced plans to expand its facility in Larwill which should mean new jobs. Red Star Contract Manufacturing Inc. says it will invest $1.6 million in real estate improvements and additional equipment and will create 18 new jobs by 2022.