PENPAL SCHOOLS, an Austin-based startup, has secured $1.25 million dollars in seed funding. The company connects classrooms around the world through online language exchanges, news discussions and issue-driven debates.
Their investors, located in Mexico, Jordan, Iran, Hong Kong, and the United States, are as global as the company—who now claims to serve over 100,000 students in more than 170 countries. According to AustinInno, some of the investors include Honeycomb (a New York City- based venture capital firm), Peter Holt (former San Antonio Spurs CEO), and Sophia Bush (an actress best known for her role on One Tree Hill).
