Mark Zuckerberg Invests in Ed-Tech Startups

Mark Zuckerberg Invests in Ed-Tech Startups

Facebook founder Mark Zuckerberg has invested in a number of ed-tech startups through his foundation Startup: Education in the past couple of years. He is joined by his wife Priscilla Chan, along with other investors who want to bring cheap education to the world’s underprivileged children.

Ed-Tech Startups Backed by Mark Zuckerberg

Panorama Education

Founded in 2010 by Xan Tanner, David Carel, and Feuer, this startup works with around 4,000 schools, with over 1 million students, as of October 2013. The company is based in Cambridge, Massachusetts, and it uses surveys to gather feedback from teachers, students, and parents. The feedback is then analyzed, and a report is submitted to the school district. Zuckerberg said in a statement that he and his wife are excited about supporting Panorama Education because they believe in how the company uses technology in helping learners, their parents, and students be heard.

Mastery Connect

Mastery Connect is a Salt Lake City-based ed-tech startup catering to more than two million teachers. The company has developed a software that helps in assessing learners’ skills through a qualitative measuring system. Itsapp has been downloaded by more than five million users and has received a generally favorable response so far. Its users are not only in the US but also in over 170 countries around the world.

The Ed-Tech software has a very affordable price tag of $7 per year for each learner. They have provided the app at no cost for the teachers in the hopes of making them the evangelizers of the app. Teachers are given more focus as around 50,000 to 60,000 teachers sign up each month for the service. The company has recently received $5 million dollars last month from Mark Zuckerberg and his wife, Priscilla Chan. Mastery Connect has reportedly received around $29 million in private funding since it was founded six years ago.

Newsela

Mark Zuckerberg and Priscilla Chan joined Kleiner Perkins Caufield & Byers last week in a $15 million funding with the intention of improving the literacy of students by providing them with the necessary news articles tailored to their unique reading proficiency level. The company’s news articles are matched with critical thinking and comprehension quizzes that deliver results to their parents and teachers for them to know which area they are having difficulty with and which areas they are excelling at. The company’s goal is to provide similar content to students in the same classroom with varying reading proficiency levels.

Altschool

This startup that started in 2013 is backed by Mark Zuckerberg, along with Andreessen Horowitz and Founders Fund. It provides students from pre-kindergarten to 8th grade education what they call as micro-schools. Upon joining, learners are given a personalized learning plan to aid them in meeting their goals. To ensure that teachers and parents are kept up-to-date with the students’ progress, they are provided with an app through which they can communicate, and students’ actions in the classroom are strictly monitored through cameras.

As we have witnessed, Mark Zuckerberg has distributed part of his wealth to Ed-Tech Startups. This can only mean one thing – the future of learning is changing, and students should take advantage of technology so that they can be successful in the field they will pursue after school.

Maria Dublin

Maria Dublin

Contributor at Kami
Maria is a writer, an editor, and a law student. She plays for the Philippine national touch football team, and does a lot of travelling during the holidays.
Maria Dublin