# MasteryConnect

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/masteryconnect

- Industry: Software
- Headquarters: Salt Lake City, US
- Website: www.masteryconnect.com
- Total disclosed funding: $33M
- Latest round: Series C (Dec 14, 2016)
- Investors on record: 10

## About

MasteryConnect is a K-12 assessment management platform that enables educators to monitor and enhance student performance through data-driven insights and tailored interventions.Founded in 2009 in Salt Lake City, US, MasteryConnect specializes in digital assessment management for K-12 educational institutions. In April 2019, the company was acquired by Instructure, Inc. MasteryConnect has raised a total of USD 4.50 mn across three funding rounds, with the latest being a Series C round on April 2, 2019, involving investors such as Catamount Ventures and the Chan Zuckerberg Initiative. The company has executed a total of 9 deals.MasteryConnect provides a comprehensive digital assessment management system designed for K-12 education. The platform allows educators to assess student mastery of academic standards through various assessment types, including formative and benchmark assessments. Real-time insights into student performance help educators identify learning needs and tailor interventions effectively. MasteryConnect is used across school districts in the United States, enhancing communication and engagement among teachers, students, and families, and integrates with popular learning management systems like Canvas LMS.MasteryConnect operates on a subscription-based model, where schools and districts pay for access to its assessment management platform. Subscription agreements vary based on the size and specific needs of the educational institution, allowing tiered access to features such as the Mastery Item Bank and Mastery View Formative Assessments. The structure indicates that pricing is based on user base and service level requirements, ensuring ongoing revenue while providing necessary tools for tracking and improving student performance.Following its acquisition in April 2019, MasteryConnect aims to leverage its resources for future growth by potentially expanding its product offerings and enhancing the platform's capabilities. Although specific upcoming products or launch dates have not been disclosed, the company is strategically positioned to penetrate new markets where U.S. educational standards are implemented. Recent funding will likely support these initiatives, aligning with the growth strategy post-acquisition.

## Funding rounds

- Series C, Dec 14, 2016, $4.5M — Trinity Ventures, Pelion Venture Partners, Catamount Ventures, The Michael and Susan Dell Foundation, Chan Zuckerberg Initiative
- Series B, Sep 22, 2015, $5M — Chan Zuckerberg Initiative
- Series B, Aug 26, 2014, $15M — Trinity Ventures, Pelion Venture Partners, Catamount Ventures
- Series A, Feb 11, 2014, $3.4M — Catamount Ventures, The Michael and Susan Dell Foundation, Learn Capital, GSV Ventures
- Series A, Jan 19, 2013, $4.1M — Catamount Ventures, GSV Asset Management, The Michael and Susan Dell Foundation, Learn Capital
- Seed, Dec 5, 2011, $1.1M — NewSchools Venture Fund, Learn Capital, Imagine K12

## Investors

- NewSchools Venture Fund (https://capitalatlas.ai/funds/newschools-venture-fund) — Seed
- Learn Capital (https://capitalatlas.ai/funds/learn-capital) — Seed, Series A
- Imagine K12 (https://capitalatlas.ai/funds/imagine-k12) — Seed
- Catamount Ventures (https://capitalatlas.ai/funds/catamount-ventures) — Series A, Series B, Series C
- GSV Asset Management — Series A
- The Michael and Susan Dell Foundation — Series A, Series C
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Series A
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series B, Series C
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series B, Series C
- Chan Zuckerberg Initiative (https://capitalatlas.ai/funds/chan-zuckerberg-initiative) — Series B, Series C