An Indianapolis-based education technology company has completed a nearly $600,000 round of funding. Perceivant, which provides an interactive digital platform to replace traditional textbooks and e-books, says it plans to use the funding to bring the platform to more colleges nationwide.
Perceivant says, with the new capital infusion, it hopes to bring on more than 100 new education partners over the next two years. The funding will also be used for the creation of more than 10 new courses on the platform, triple its staff and potentially expand its platform into trade certification schools.
The funding round included contributions from previous investors, including Indy-based Elevate Ventures and Bootstrap Venture Partners in California, as well as new investors such as Gravity Ventures in Indy.
"We are extremely excited to be partnering with Perceivant and to help further position the company as the leader in the textbook alternative marketplace, said Phill Miller, managing partner at Gravity Ventures. “Perceivant’s business model, which leverages technology to drive better outcomes while improving the classroom experience for both instructor and student, has proven to be extremely successful as the company continues to exceed expectations across higher education.”
The new funding round brings Perceivant’s total funding to $3.75 million.