Today: December 16, 2018, 11:34 pm
  
Business

Classting Raised USD 4M from Mistletoe, to Expand into Asia

PR-Inside.com: 2018-10-11 04:02:01

Classting Raised USD 4M from Mistletoe,
to Expand into Asia

Classting
Lihsing Lin, 0920041329
lin@classting.com

Education Social Platform Classting (CEO Cho Hyun-gu) raised about USD 4 million investment from venture capital (VC) 'Mistletoe', a first time for Korean company. Mistletoe acknowledged the contribution of Classting to improving the education environment in Asia, which makes this investment significant. In addition, Classting raised about USD 2.5 million in investment from the Korea Development Bank, attracting total investment of USD 6.5million.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181010005

Education Social Platform Classting raised about USD 4 million investment from venture capital 'Mist ...

Education Social Platform Classting raised about USD 4 million investment from venture capital 'Mistletoe', a first time for Korean company. Mistletoe acknowledged the contribution of Classting to improving the education environment in Asia, which makes this investment significant. In addition, Classting raised about USD 2.5 million in investment from the Korea Development Bank, attracting total investment of USD 6.5 million. (Photo: Business Wire)

Mistletoe is a venture capital company founded by Taizo Son, with 100% private equity. Taizo Son, known as the founder of GungHo, Japan's largest online game company, is famous for discovering and incubating start-ups that have a positive impact on international society. In particular, Mistletoe is actively investing in companies that solve educational problems in Asia and innovate public education. Together with its investment, Mistletoe will also support Classting in Japan and Asia.

Classting is an education social platform that helps teachers, students, and parents communicate, teach and learn in an effective way. More than half of Korean teachers, students, and parents are using Classting. It is rapidly growing, with more than 4.5 million users in 15,400 schools and educational institutions around the world. Based on this investment, Classting is accelerating the development of personalized education services using advanced technologies, such as Big Data and AI, as well as expanding its Asian business.

"Innovative start-ups with ideas and core technologies have a positive impact on a wide range of fields and benefit the future of our society," said Taizo Son, president of Mistletoe. “Classting is creating a new learning environment and motivating students both inside and out of public education based on its great vision and IT technology. I hope that Classting will play a big role in helping kids all over the world to study happily and creatively. "

Classting CEO Cho Hyun-gu said, “Classting`s vision of leading the future of education is becoming more clear with the investment from Mistletoe. The partnership with Mistletoe will be a tremendous help in achieving our goal of improving and innovating education. Classting uses IT technology, including Big Data and Artificial Intelligence, to create a new educational service that connects teachers, students and parents. We will continue efforts to create a more pleasant learning environment and a more reasonable education market as an edutech company in Asia and beyond.”

About Classting

Classting is a K-12 education social platform that supports classroom communication, teaching and learning management for teachers, students, and parents. Classting`s founder is a former primary school teacher. Classting is popular among teachers who want better education communication tools, among students who prefer to use IT platforms, and parents who want to improve their children’s school life. As of September 2018, more than half of Korean teachers (about 180,000) are using Classting, and more than 4.5 million members in 15,400 schools and educational institutions have joined Classting. It is also spreading among teachers who see the same need in Asian countries such as Japan, Taiwan, Vietnam and Singapore. Classting provides personalized learning based on students’ diverse educational activities, aiming to improve the educational environment through technology.

Press Information


Published by
Hossam Abdel-Kader
+43 1 9582319
e-mail
http://www.pr-inside.com/


# 718 Words
Related Articles
More From The Author
Tricor Group Appoints Hailiang Zhang as Deputy [..]
Tricor Group (Tricor), Asia’s leading provider of integrated business, corporate, investor, human resources and payroll, corporate [..]
WellSky and Digi-Trax Partner to Power Safer [..]
WellSky : WellSky and Digi-Trax deliver integrated services in international markets, including Australia, and in the United States. [..]
Planet Broadcasting Selects Triton Digital to Deliver [..]
Triton Digital : Through this partnership, Planet Broadcasting will utilize Triton’s robust audio streaming network to deliver [..]
SDRL - Makes mandatory offer to purchase [..]
Hamilton, Bermuda, October 10, 2018 - Seadrill Limited ("Seadrill" or the "Company") announces that it [..]
Third Quarter 2018 Results Conference Call
AURORA, Ontario, Oct. 10, 2018 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA)                 THIRD QUARTER [..]
 
More From Business
Learn about Dishonest Companies and Specialist on [..]
12 December 2018 – Beware.org provides the most favorable conditions for average consumers to publish the alerts and warnings about [..]
Brands Reviews Offers the Best Quality Reviews
12 December 2018 – Brands Reviews is offering the largest collection of reliable and trusted qqtube review and subpals review [..]
509 Electric Is the Best Residential Electrical [..]
Yakima, USA – 12 December 2018 – 509 Electric is the best Yakima Electrical Contractor ready to offer top quality [..]
Cross Talks Awarded $5K Grant from the [..]
The Penn State Brandywine Boost, a program of the Invent Penn State initiative, has selected Delaware State Chamber Member, Soraya [..]
Huber Needles: Market is likely to register [..]
This Market Study provides key insights and forecast on the global Huber needles market for the forecast period 2017-2024. The [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.