Class Technologies Valuation, Funding & Investors

Class Technologies is valued at $804M as of July 2021.

Last Class Technologies valuation

$804M

Series B · Jul 2021

Last Class Technologies funding round

$105M

Series B · Jul 2021

Cumulative funding Class Technologies raised

$164M

across 4 funding rounds

Key investors in Class Technologies

  • Insight Partners
  • SoftBank Group
  • Salesforce Ventures
  • Revolution
  • Sound Ventures
  • Owl Ventures

Class Technologies Overview

About Class Technologies

Class Technologies is a New York-headquartered edtech firm that integrates its virtual classroom software with Zoom Meetings. Class for Zoom facilitates attendance tracking, assignment distribution, quizzes, grading, exam proctoring, and one-on-one student consultations for K-12 and higher education. Launched in 2020, the platform supports breakout rooms and interactive whiteboards, serving thousands of schools worldwide including districts in the United States and Canada.


Founded

2020

HQ

United StatesWashington, DC

Website

class.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$804M (Jul 2021)

Class Technologies Valuation

Class Technologies is currently valued at $804M, based on its Series B in July 2021.

The $105M round was led by SoftBank Group.

Class Technologies' valuation has grown 4.3x from $189M at its Series A in February 2021 to $804M in July 2021, across 2 priced rounds.

Class Technologies valuation by funding round

Class Technologies valuation by funding round
DateStageValuation
Jul 2021Series B$804M
Feb 2021Series A$189M

Class Technologies Funding History

Class Technologies has raised a total of $164M across 4 funding rounds.

Class Technologies' first fundraising round was a $16M seed round in September 2020. The most recent completed round was a $105M Series B in July 2021.

Class Technologies funding rounds

Class Technologies funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2021Series BSoftBank Group (lead)$105M$804MClass Technologies Inc. develops a virtual classroom platform that integrates teaching and learning tools exclusively with Zoom, enabling features like attendance taking, exam proctoring, and one-on-one student interactions to enhance virtual and hybrid education. Founded by Michael Chasen, previously of Blackboard, the company launched in September 2020 and experienced rapid growth, with nearly fourfold quarter-over-quarter expansion in 2021 and over 20,000 sales leads from various countries. On July 28, 2021, Class announced a $105 million Series B funding round led by SoftBank Vision Fund 2, bringing total funding to over $160 million in under a year. Additional investors included GSV Ventures, Emergence Capital, Maven Partners, Owl Ventures, Insight Partners, SWaN & Legend Venture Partners, Revolution's Rise of the Rest Fund, Learn Capital, Reach Capital, Slow Ventures, Sound Ventures, Chimera Investment, Daher Capital, Guy Oseary, Bill Tai, and Tom Brady. The post-money valuation reached $804 million, positioning the company near unicorn status. Proceeds from the round are earmarked for accelerating growth, product development, quality assurance, and global expansion into markets including Europe, the Middle East, Brazil, Canada, Japan, and China. CEO Michael Chasen emphasized the funding's role in establishing Class as a long-term player in edtech, supporting school deployments worldwide. The platform targets K-12 schools and universities amid surging demand for digital education tools during the pandemic.
Apr 2021Series ASalesforce Ventures; Sound Ventures; Tom Brady; Guy Oseary$12M-Class Technologies Inc. raised $12.25 million in additional investment on April 20, 2021, from investors including Salesforce Ventures and seven-time Super Bowl champion Tom Brady.
Feb 2021Series AInsight Partners (lead); Owl Ventures (lead)$31M$189MClass Technologies Inc. created Class, a software platform that integrates teaching and learning tools with Zoom to enable hybrid and remote education. The platform allows educators to manage core classroom functions including attendance tracking, exam proctoring, grading, and one-on-one student interactions directly within Zoom, addressing the surge in virtual learning demand during the pandemic era. On February 4, 2021, Class Technologies announced a $30.75 million Series A financing round co-led by Insight Partners and Owl Ventures, with participation from all prior seed investors including SWaN & Legend Venture Partners and Slow Ventures (the fund backing Slack, Casper, Postmates, and Airtable). This round valued the company at $188.79 million post-money. The Series A came approximately six months after the company's September 2020 launch and followed a $16 million seed round raised in Q3 2020, bringing total funding to $46 million at the time of the Series A announcement. The company experienced rapid early traction following its launch. By July 2021, Class had raised an additional $12.25 million from Salesforce Ventures and Tom Brady (announced April 20, 2021), followed by a $105 million Series B led by SoftBank Vision Fund II that valued the company at $804 million. In the first half of 2021, Class reported nearly 4x quarter-over-quarter revenue growth and received over 20,000 sales leads globally, demonstrating strong market demand for its Zoom-integrated education platform.
Sep 2020SeedMaven Ventures; Jim Scheinman; Revolution; Jessie Woolley-Wilson; Deborah Quazzo; Santi Subotovsky; GSV Ventures; Fred Schaufeld; Bill Tai$16M-Class Technologies, founded in 2020 by education software pioneer Michael Chasen, develops Class, a software built on the Zoom Meetings platform that integrates teaching and learning tools to make virtual classrooms feel like real ones. It enables teachers to take attendance, distribute assignments, administer quizzes and tests, grade work, proctor exams, and conduct one-on-one student interactions. The company raised a $16 million seed round in the third quarter of 2020, followed by a $30.75 million Series A in February 2021 co-led by Insight Partners and Owl Ventures, with participation from all previous investors, bringing total financing to $46 million. Investors in the seed round included Bill Tai, Deborah Quazzo, Fred Schaufeld, GSV Ventures, Jessie Woolley-Wilson, Jim Scheinman, Maven Ventures, Revolution’s Rise of the Rest Seed Fund, and Santi Subotovsky, as specified in the query. The funding supported rapid scaling to meet high demand from K-12, higher education, and corporate training markets in the U.S. and overseas following the beta launch.

Who has invested in Class Technologies?

16 investors have backed Class Technologies across its funding rounds, including Insight Partners, SoftBank Group, Salesforce Ventures, Revolution, Sound Ventures and Owl Ventures.

Lead investors include SoftBank Group, Insight Partners and Owl Ventures.


Class Technologies Investors

Investors in Class Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
Salesforce VenturesUnited StatesSan Francisco, CA1ParticipantApr 2021
Sound VenturesUnited StatesLos Angeles, CA1ParticipantApr 2021
SoftBank GroupJapanTokyo1LeadJul 2021
Maven VenturesUnited StatesSan Francisco, CA1ParticipantSep 2020
Jim ScheinmanUnited StatesSan Francisco, CA1ParticipantSep 2020
RevolutionUnited StatesWashington, DC1ParticipantSep 2020
Owl VenturesUnited StatesSan Francisco, CA1LeadFeb 2021
Tom BradyUnited StatesTampa, FL1ParticipantApr 2021
Guy OsearyUnited StatesLos Angeles, CA1ParticipantApr 2021
Jessie Woolley-WilsonUnited StatesSeattle, WA1ParticipantSep 2020
Deborah QuazzoUnited StatesSan Francisco, CA1ParticipantSep 2020
Insight PartnersUnited StatesNew York City, NY1LeadFeb 2021
Santi SubotovskyUnited StatesSan Francisco, CA1ParticipantSep 2020

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Acquisitions by Class Technologies

Class Technologies has acquired 2 companies to date.

Last acquisition by Class Technologies was on April 19th 2023. Class Technologies acquired Coso Cloud for undisclosed valuation.


Latest Acquisitions by Class Technologies

Coso Cloud
Blackboard
Description
Coso Cloud is a specialist in secure private cloud-managed services alongside custom software development, virtual training platforms, and eLearning solutions. The company builds tailored cloud environments for enterprise data protection and remote collaboration needs. Its offerings include hosted learning management systems and interactive training modules for corporate and educational users. Headquartered in the United States, Coso Cloud extends its services globally through partnerships with technology integrators. Recent expansions include AI-enhanced content delivery for virtual classrooms.
Blackboard is a Washington, D.C.-headquartered developer of learning management systems and educational technology platforms used by over 16,000 institutions globally. The company provides Blackboard Learn for course delivery, Anthology Illuminate for analytics, and campus engagement tools serving higher education, K-12, and corporate training sectors. Blackboard maintains offices in 12 countries across North America, Europe, Asia, and Australia. Founded in 1997, it was acquired by Anthology in 2021, integrating with VMware for cloud-hosted deployments.
HQ CountryUnited StatesUnited States
HQ City
South Plainfield, NJ
Washington, DC
Deal Date19 Apr 202330 Jun 2022
Valuationundisclosed$210M
EV/Revenue
EV/EBITDA

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Class Technologies Competitors

Class Technologies competitors include listed companies like FLOWSPARKS and CHieru Co, and private ones like Amplify Education, GoGuardian, Classplus and Panorama Education.

Public and private companies comparable to Class Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Amplify EducationUnited StatesNew York City, NYPrivate--$781M-
GoGuardianUnited StatesLos Angeles, CAPrivate$100M-$1B10.0x
ClassplusIndiaNoidaPrivate$28M-$600M21.4x
Panorama EducationUnited StatesBoston, MAPrivate--$1.1B-
FLOWSPARKSBelgiumBelgiumPublicly listed$12M$3M$57M-
CHieru CoJapanJapanPublicly listed$66M$10M$26M0.1x

Class Technologies Public Comps

Class Technologies is still privately-owned, but its public comps include Docebo, Vitec Software, Shenzhen Fangzhi Science, D2L, NIIT Learning Systems, Qibu, Tribal Group, I-Scream Media, RM plc and Cengage.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Docebo$243M$26M2.6x2.4x24.8x12.3x
Vitec Software$371M$151M3.7x3.5x9.1x9.0x
Shenzhen Fangzhi Science$14M$3M28.2x-118.5x-
D2L$217M$17M1.3x1.2x16.7x8.3x
NIIT Learning Systems$204M$42M1.3x1.2x6.1x6.0x
Qibu$24M($16M)15.3x-(23.0x)-
Tribal Group$124M$22M1.9x1.8x10.4x10.1x
I-Scream Media$143M$48M0.6x0.7x1.6x-

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Common questions about Class Technologies

When was Class Technologies founded?Class Technologies was founded in 2020.
Where is Class Technologies headquartered?Class Technologies is headquartered in Washington, DC, United States.
Is Class Technologies publicly listed?No, Class Technologies is a private, VC-backed company.
What is Class Technologies' valuation?Class Technologies was last valued at $804M in its Series B in July 2021.
How much funding has Class Technologies raised?Class Technologies has raised $164M across 4 funding rounds.
What was Class Technologies' last funding round?Class Technologies' last funding round was a $105M Series B in July 2021, led by SoftBank Group.
Who are Class Technologies' investors?Class Technologies' investors include Salesforce Ventures, Sound Ventures, SoftBank Group, Maven Ventures, Jim Scheinman, Revolution, Owl Ventures, Tom Brady, Guy Oseary, Jessie Woolley-Wilson and 6 others.
Which companies are comparable to Class Technologies?Companies comparable to Class Technologies include Amplify Education, GoGuardian, Classplus, Panorama Education, FLOWSPARKS and CHieru Co.
How many companies has Class Technologies acquired?Class Technologies has acquired 2 companies, including Coso Cloud and Blackboard.
What was the largest acquisition by Class Technologies?The $210M acquisition of Blackboard in June 2022 is the largest acquisition Class Technologies has made to date.

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