Vivi, a Melbourne-based edtech startup focused on classroom engagement solution, has closed a new funding round with New York-based investment group Riverside Acceleration Capital (RAC), the company has announced recently.
While the total amount of the round was not disclosed, the company said that the new funding will help fast-track its expansion into the US market, where it aims to replicate the success and growth achieved in the Australian region.
Officially launched in February 2016, Vivi aims to make the world’s classrooms smarter by providing the simplest and most intuitive classroom engagement solution in the world. Its Classroom Engagement Solution combines classroom management tools with real-time student feedback to create student-centered learning environments that drive productivity. From screen mirroring and video streaming to classroom communications and emergency broadcast, Vivi delivers all from an easy-to-use app, managed via a web-based administration platform.
Image Source: Vivi
Vivi’s wireless screen mirroring solution sets teachers free to roam the classroom and interact with students, while enabling students to instantly share their screens with the class or small groups for immediate feedback.
Commenting on the funding it received, excited Lior Rauchberger, founder of Vivi, said,
“We are absolutely delighted with the financial backing and support shown by RAC. It’s a real vote of confidence in the business and the impact our software has had on the education sector. We look forward to a long-term partnership that will help us continue to transform student engagement by delivering our classroom management solution to educators around the world.”
Vivi’s classroom engagement tool enables teachers and students to share, display, annotate, capture, and even save information in real time. Using Vivi, teachers can display whatever they want including videos, websites, presentations, and exercises. Students can then effortlessly capture what is being displayed and annotate the content with their own notes on their own device.
Thrilled with joining the RAC family, Natalie Mactier, CEO of Vivi, also said in a statement,
“We’re thrilled to be joining the RAC family, who are the ideal partner to help scale Vivi even faster. We have been overwhelmed by the reception from US schools and the capital raised in partnership with RAC will hyper accelerate our sales and marketing efforts with the goal to become the world’s leading classroom engagement platform.”
Jim Toth, Managing Partner at Riverside Acceleration Capital, also issued a statement lauding the company saying,
“Great software continues to enhance teaching methods and drive learning outcomes throughout the world. When combined with modern infrastructure it opens up an array of opportunities for exciting and innovative solutions. Vivi’s cloud-based technology is a great example of this by providing educators with tools to address a pressing need experienced in classrooms globally.”
Meanwhile, the latest round brought Vivi’s total funding to date to AUD$6 million.