StudyBlue, a Madison-based company that helps college students access class and study materials online, has raised $3.65 million in venture capital. The company will use the funding to expand its offering to more colleges and universities, as well as its mobile offerings.
StudyBlue did not disclose its investors.
The company has raised $6.5 million from investors over the last two years. During that time frame, it has expanded from 25 campuses to more than 500 across the country.
“Students in college today grew up with the Internet and attached to their mobile phones. Studying is no longer a pen and paper affair, it’s digital, it’s mobile and it has to be more efficient. StudyBlue is focused on friction free studying with a valuable free service that offers students access to tools and content across their entire class load,” said Becky Splitt, CEO, StudyBlue. “We help students make the most productive use of their valuable study time, providing them the first complete learning toolset that meets them at their level of technological fluency.”
StudyBlue is comprised of an always accessible digital study home, organized by class, enabling students to upload or transcribe their class notes and create digital flashcards and study guides.