Naiku raises $320k from multiple Minnesota angel investors

Categories

Homegrown edutech startup Naiku has closed on $320k in angel capital from Omphalos, ‘Rainfund’ 3C and other local investors, according to CEO Corey Thompson.

Naiku was launched earlier this year by Thompson,  Adisack Nhouyvanisvong and Kevin Sampers to provide automated formative and summative assessment solutions that give teachers information to help students achieve their academic goals.  Students can use their mobile devices (laptops, netbooks, iPads, iPods or Android) in place of traditional analog tests, saving valuable classroom time while improving measurability.

Between Project Skyway, the Minnesota Cup and TEKNE, Naiku has experienced strong validation and support from the Minnesota tech community throughout the year. The software is currently deployed throughout 12 districts that touch over 40,000 k-12 students across the state and regional expansion appears imminent.

“You hear a lot about how hard it can be to fundraise in Minnesota, and being our first time, we definitely found it to be a wild ride. In retrospect, the money came when our business was ready,” Thompson said from their new permanent home in CoCo Minneapolis.

Congratulations to Naiku on this milestone and extra kudos for working on problems that matter. For more on this entrepreneurial trio, check out the TECHdotMN TV interview.

Comments

  • http://twitter.com/kaufenjm Justin Kaufenberg

    Congrats guys. Sounds like you've got some great partners in this round.

  • Mentorhs1989

    Congrats

  • Mntechguru

    Awesome

Sponsors