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February - 2013 - issue > Venture Beat

WizIQ Pockets $4 Million in Series B Funding

si Team
Wednesday, January 30, 2013
si Team
WizIQ, an online virtual classroom technology provider , has secured $4 Million in its series B funding round led by Kaizen, an Indian education focused private equity fund along with Bertelsmann, a German-based global media business agency .

WizIQ, headquartered in Royalston, MA, with a back office in Mohali, Punjab, provides SaaS based virtual classroom software for trainers, high schools, teachers, colleges and universities, training and tutoring centers around the world. The company plans to use the recent round of funding to up heave its position as a collaborative learning platform for teachers and students.

"Building an online network of teachers and students and providing them with the right tools to interact online for meaningful learning is necessary if we are going to make education accessible to everyone. The investment
will help WizIQ add resources to build a better platform and infrastructure for online and blended education," says Harman Singh, CEO & Founder, WizIQ.

The company claims to have helped over 2.5 million students learn and over 200,000 teachers teach online in close to 100 countries at a growing annual rate of over 200 percent. The Teaching platform enables teachers to run their courses in online or blended format while delivering live online classes via virtual classroom. This gives students easy access to rich educational content, notes and other learning resources available in different formats.

Recently the software was customized for languages such as Arabic and Hebrew (right to left) and other languages like Chinese, Czech, Dutch, English, French, Polish, Russian, Persian, Portuguese, Spanish, Thaiand Turkish. An additional feature for downloadable recordings has also been incorporated.

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