SOURCE: ApprenNet

ApprenNet

September 01, 2015 09:00 ET

Top Ed Tech Investors Back ApprenNet for $1.8 Million

Mobile Learning Platform Designed to Teach Skills That Require Practice to Master

PHILADELPHIA, PA and SAN FRANCISCO, CA--(Marketwired - Sep 1, 2015) - ApprenNet, today, announced the closing of $1.8 million in its first round of financing. The initial funding was led by Nick Hammerschlag's Martellus Holdings, with participation from a 'who's who' of ed tech investors, including the Jefferson Education Fund, founded by the University of Virginia's Curry School of Education, and the Education Design Studio, in collaboration with the Graduate School of Education at the University of Pennsylvania.

ApprenNet, which announced its merger with award-winning Handsfree Learning in July 2015, now offers a web and mobile platform to enable practice-based learning for both soft skills and hands-on technical training.

"Cracking the code on practice-based education opens the door to online learning in areas once unimaginable -- from the perfection of precise surgical techniques to greeting guests in the hospitality industry," said Paul Freedman, CEO of ApprenNet. "Our platform is relatively mature, and we're seeing a big impact with both our university partners and employers."

Other seasoned education investors that participated in the round include 1776, Apollo Education Ventures, Palm Ventures, Ben Franklin Technology Partners, Abbhi Capital, and New Ground Ventures.

"ApprenNet has an extraordinary opportunity to transform how we all learn, train, and develop critical skills and knowledge," added Rusty Greiff, 1776 Managing Director. "With impressive and sustainable partnerships in place with leading universities and corporations, ApprenNet is well positioned to scale quickly."

About ApprenNet, Inc.
ApprenNet is addressing the critical shortage of highly skilled workers with an affordable, scalable platform to deliver apprenticeship-style learning. Employers and educators use ApprenNet's platform to enhance critical thinking, communication and hands-on skills across their organizations. ApprenNet's patent-pending technology for individual practice, peer review, expert coaching and performance analytics was developed through research funded by the National Science Foundation. For more information, please visit ApprenNet.com or follow them on Twitter @ApprenNet.

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