Classtime Secures New Investors

Zurich – Classtime has successfully completed a Series A financing round. The Zurich-based EdTech, which specializes in learning target assessments and digital examinations, has been able to attract Swiss Post Ventures and SuperCharger Ventures as new investors. The funds are intended to generate growth.

Classtime, the Zurich-based EdTech specializing in learning progress monitoring, exercises, and digital examinations, has successfully completed a growth financing round (Series A) following an initial seed funding, as announced in a statement. In addition to new private investors, Classtime has also been able to attract Swiss Post Ventures and SuperCharger Ventures as investors. The amount of funds raised is not communicated in the press release.

"We are delighted that we were able to bring institutional partners on board in this financing round, which will expand our own network as well as access to new markets and potential new partnerships," Classtime Co-CEO Jan Rihak is quoted in the press release. Founded in 2019, the company intends to use the funds raised to generate growth in the DACH region, the UK and the USA. In addition, the Classtime platform is to be further developed with the help of generative artificial intelligence. The focus here is on functions that free teachers from routine tasks and the generation of learning content for in-depth study.

Furthermore, Classtime advocates for empirical evidence of the effectiveness of educational software. EdTech is working with the Jacobs Foundation to develop corresponding evidence-based standards. "We still need more empirical studies on the impact of educational software," says Rihak. "Here, we aim to lead and contribute to increasing understanding of the empirically meaningful use of technology in education." ce/hs

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