# Wimba

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

- Industry: Software
- Headquarters: New York, US
- Website: www.wimba.com
- Total disclosed funding: $26M
- Latest round: Series C (Jun 9, 2009)
- Investors on record: 6

## About

Wimba Inc. develops advanced digital communication solutions that enhance collaboration and learning experiences across various sectors, primarily designed for educational institutions and corporate training environments.Founded in 1998 in New York, US, Wimba Inc. specializes in providing innovative communication tools. The company was acquired by Class Technologies Inc. in May 2022 from Blackboard Inc. The acquisition aimed to enhance Class Technologies' learning management system. Wimba has completed 7 total deals, with its latest funding round occurring on May 19, 2022, raising a total of USD 0.69 mn.Wimba specializes in providing innovative digital communication solutions designed to enhance collaboration and learning experiences across various sectors. Their core offerings include a comprehensive suite of tools that facilitate online meetings, webinars, and virtual classrooms, enabling users to engage in real-time discussions and share educational content. This product line is primarily tailored for educational institutions, corporate training departments, and various organizations seeking to improve remote collaboration. The platforms were developed to address challenges in effective communication and knowledge dissemination, with particular emphasis on accessibility and user-friendly interfaces. Wimba’s solutions are marketed in North America, Europe, and Asia, with a diverse client base that includes universities, schools, and corporate enterprises, all aiming to optimize their online engagement environments.Wimba generates revenue through a subscription-based model, allowing clients to choose from various pricing tiers based on their specific needs and usage levels. This structure typically involves annual or monthly payments, providing flexibility for educational institutions and businesses alike. Clients engage with Wimba's services through direct contracts, resulting in recurring revenue streams that bolster the company's financial stability. The flagship products, which include advanced features such as analytics and integration with existing learning management systems, are offered as part of these subscription packages. Transactions are predominantly B2B, with Wimba directly partnering with organizations to implement tailored solutions that meet their unique operational demands.The acquisition of Wimba Inc. by Class Technologies Inc. aims to enhance the main learning management system, improving offerings for the international education community. Wimba plans to develop new products to further enhance remote collaboration and is targeting expansion into additional geographic markets in the future. The financial resources obtained from the recent funding will support these initiatives, ensuring that Wimba continues to innovate and meet the evolving needs of its clients.

## Funding rounds

- Series C, Jun 9, 2009, $6M — ABS Ventures
- Series B, Jan 14, 2008, $1.6M — ABS Ventures
- Series B, Nov 6, 2007, $8.4M — Ascend Venture Group
- Series A, Nov 30, 2006, $10M — First Analysis, Spring Lake Equity Partners, Argentum, Gefinor Capital

## Investors

- First Analysis (https://capitalatlas.ai/funds/first-analysis) — Series A
- Spring Lake Equity Partners (https://capitalatlas.ai/funds/spring-lake-equity-partners) — Series A
- Argentum (https://capitalatlas.ai/funds/argentum) — Series A
- Gefinor Capital (https://capitalatlas.ai/funds/gefinor-capital) — Series A
- Ascend Venture Group (https://capitalatlas.ai/funds/ascend-venture-group) — Series B
- ABS Ventures (https://capitalatlas.ai/funds/abs-ventures) — Series B, Series C