Tuesday, December 18, 2012

Grockit Gains Strategic Funding Round

San Francisco-based Grockit, an online site which helps students with test prepration for such tests as the GMAT, SAT, ACT, LSE, and GRE, has raised a strategic funding round, according to the company today. The investment was led by Discovery Communications, and also included Summit Group, Atlas Venture, Benchmark Capital, Integral Capital Partners and GSV Capital Corp. Size of the round was not announced, however, reports place the funding at around $20M. Grockit said the deal with Dsicvoery includes shared technology, marketing, distribution and promotion opportunities. More information »