News

Investors back mobile learning platform for $1.8M

By Laura Devaney
September 1st, 2015

Mobile learning platform designed to teach skills that require practice to master.

mobile-platformApprenNet has announced the closing of $1.8 million in its first round of financing. The initial funding was led by Nick Hammerschlag’s Martellus Holdings, with participation from of ed-tech investors including the Jefferson Education Fund, founded by the University of Virginia’s Curry School of Education, and the Education Design Studio, in collaboration with the Graduate School of Education at the University of Pennsylvania.

ApprenNet, which announced its merger with Handsfree Learning in July 2015, now offers a web and mobile platform to enable practice-based learning for both soft skills and hands-on technical training.

“Cracking the code on practice-based education opens the door to online learning in areas once unimaginable—from the perfection of precise surgical techniques to greeting guests in the hospitality industry,” said Paul Freedman, CEO of ApprenNet. “Our platform is relatively mature, and we’re seeing a big impact with both our university partners and employers.”

Other seasoned education investors that participated in the round include 1776, Apollo Education Ventures, Palm Ventures, Ben Franklin Technology Partners, Abbhi Capital, and New Ground Ventures.

“ApprenNet has an extraordinary opportunity to transform how we all learn, train, and develop critical skills and knowledge,” added Rusty Greiff, 1776 Managing Director. “With impressive and sustainable partnerships in place with leading universities and corporations, ApprenNet is well positioned to scale quickly.”

Material from a press release was used in this report.

About the Author:

Laura Devaney

Laura Ascione Devaney is the Managing Editor, Content Services at eSchool Media. She is a graduate of the University of Maryland's prestigious Philip Merrill College of Journalism. When she isn't wrangling her two children, Laura enjoys running, photography, home improvement, and rooting for the Terps. Find Laura on Twitter: @eSN_Laura http://twitter.com/eSN_Laura


Add your opinion to the discussion.