Be Kind, Remind: KPCB Buys Into Comm. Startup for Teachers
October 01, 2014
Remind, a secure mobile communication product for teachers, students and parents, has closed a $40 million Series C financing round led by previous investor Kleiner Perkins Caufield & Byers, with participation from The Social+Capital Partnership and First Round Capital. Across all grade levels and institution types, Remind provides a safe and simple messaging solution to help teachers extend their classrooms and better connect with students and parents. The new capital brings the company's total funding to nearly $60 million.
After being seeded with $1 million in 2011, Remind raised $3.5 million of Series A funding at a $10 million valuation in 2013, then $15 million of Series B funding at a $50 million valuation earlier this year. The company will use the new financing round to expand its product internationally, grow its product and engineering teams, and scale its community and support teams to continue to foster relationships with teachers around the world.