by Edsurge
SO FLY: Education technology startup Firefly has raised $5.6 million (£4.5 million) in a Series A round led by BGF Ventures, which contributed of $3.7 million (£3 million), and Beringea, The Tech Portal reports. The London-based company says the money will be used to further develop their product—an online tool that lets teachers track, mark and share resources with students and parents—and double the size of its now 50-person staff. Firefly is currently used in 32 countries and by 480 schools—98 percent of which are reportedly renewing their contracts each year—and is estimated to reach approximately 400,000 students.
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