Melbourne edutech startup Verso raises $2 million to fuel US expansion

Melbourne-based edutech startup Verso has raised $2 million dollars in a Series A round led by Ken Lowe, co-founder of Canberra Data Centres.

The startup, which utilises an app to assist teachers in the classroom and with their own professional development, intends to use these funds for a US expansion.

Colin Wood launched Verso in 2014 out of his previous company Learnology, and plans to use the funding to capitalise on Verso’s current foothold in California, Texas, South Carolina and New Jersey.

“We’re really ramping up what we’re doing in the US — it’s been very much organically grown ,” Wood tells StartupSmart.

“We want to double down on that and get some full time resources and grow our team on that side of the pacific,” he says.

Verso is available on the App Store and currently has 40,000 teachers across 12,000 schools in more than 100 countries using the platform.

“The great thing about education is that the social networks among teachers are very strong,” Wood says.

“We’re now used in just about every language”. Read more

Angela Castles - Smart Company - 26 June 2017