Classtag, a provider of parent-teacher communication tools, has raised $5 million in seed funding from Kevin Ryan, Contour Ventures, Founder Collective, John Martinson, Newark Venture Partners, Smart Hub and TMT Investments.
To date, the New York-based startup has raised close to $7 million in seed funding, according to company co-founder and CEO Vlada Lotkina.
Founded in 2015, Classtag aims to streamline communications between educators and parents about school- and class-wide updates, along with plans for meetings, donation drives and other events. Messages can be automatically translated into 55 languages.
The app also rewards teachers with free and discounted supplies based on their engagement with parents. These supplies are supported by proceeds from education organizations who pay the company for e-commerce arrangements and brand sponsorships.
The funding will support ClassTag’s efforts to expand its free supply program for teachers, and refine its product for “richer schoolwide capabilities, enablement and support, according to Lotkina. Today, the company has 34 employees, and serves roughly two million parents and teachers across 25,000 schools, according to its blog post about the fundraise.
