PRESS RELEASE FROM YELLOWDIG

Yellowdig raises $1.5 million in funding to elevate remote learning collaboration platform

Posted Jul 15, 2020

(Philadelphia, July 15, 2020) – Yellowdig is excited to announce that we have successfully raised $1.5 million from SustainVC, Spring Point Capital, Musketeer Capital, and Ben Franklin Technology Partners. This brings Yellowdig’s total funding to $4.6 million to date.

Yellowdig is a community building platform that enables an institution’s entire ecosystem—from students and faculty to administrators and alumni—to connect, learn and engage. Built from the ground up, the platform powers lifelong learning throughout the entire student lifecycle, in and out of the classroom.

The investment will be used to scale the company’s Engage platform in response to the uptick of inbound inquiries due to all schools moving online in light of COVID-19 this spring.

“Given the recent COVID-19 pandemic, online education is expected to expand at a rapid pace. As colleges and universities shutter their physical campuses and move their courses to online and hybrid formats, maintaining social and emotional connections with their learners is more important than ever” says Shaunak Roy, Founder & CEO of Yellowdig.

We are also excited to welcome new board members as part of this investment. Bob Keith, Co-Founder of TL Ventures will be joining us as a Board Member, and Eric Chapman, Managing Principal at SustainVC will be joining our Board as an Observer. 

“Shaunak and his team have anticipated the need for higher ed institutions to engage today’s “digital native” students with a platform that is instinctive and an effective learning tool in the COVID-19 world.  We are excited to invest in Yellowdig and to help students stay connected as socially-distanced learning becomes the new norm,” says Chapman.

 

About Yellowdig (https://yellowdig.com/)

Yellowdig has worked with over 50+ of the largest and best learning institutions globally and has collected years of efficacy data on the platform's impact on learning outcomes. Yellowdig is a carefully designed hybrid between a university social network and a course engagement tool. The Yellowdig platform helps establish learning communities, increase students' knowledge of current affairs related to coursework, and dramatically increases course participation, engagement, and retention. Learn more at https://yellowdig.com/