October 27, 2014
Naples, FL-based startup, MassiveU, announced that it has received US $330,000 investment from The Tamiami Angel Fund II (T2). MassiveU, which started as MOOC (Massive Open Online Course), is accelerating its growth as a project-based, social learning Platform As-A-Service (PLAAS) company. The company works with content providers, publishers and school district leaders to deliver learning solutions that help students prepare for college and careers.
With the latest round of $330,000 in funds — plus an additional $370,000 from a complementary group of investors with an interest in education technology, as well as initial funding from the Tamiami Angel Fund I — T2, as lead investor, has raised more than $1.08 million for MassiveU.
Naples investment company, T2, has been involved with MassiveU since the company’s early stages.
“T2 sees MassiveU as a strong business entity that can make a real difference in terms of 21st century skills development for students,” says Don Kiernan, a Tamiami Angel Fund II member and MassiveU board member. “MassiveU is going to enhance the learning process in the country and worldwide.”
The most recent funding enables MassiveU to create a full time management team of five individuals, including John Gamba, a new director of MassiveU and a T2 member. Mr. Gamba has founded, funded and managed five internet companies in his 20-year career. Less than eight years after he cofounded PACE (Partnership for Academic and Community Excellence), a school-to-home telecommunications network that connected thousands of K-12 schools to millions of families in all 50 states, it was purchased by NTI Group Inc. and then sold to Blackboard Inc. for $182 million.
“MassiveU will also use the investment capital to further build out its technical platform to execute large opportunities with publishers and content providers in Latin America and other countries,” says Founder of MassiveU Angelo Biasi.
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