TeachersPayTeachers Gets VC Funding


TeachersPayTeachers Gets VC Funding

May 22, 2014

INVESTORS PAY TEACHERSPAYTEACHERS: TeachersPayTeachers (TpT), a popular online marketplace for teacher-created materials, has raised an undisclosed round from several big-name investors. According to TpT founder Paul Edelman, who shared this announcement in the company blog:

The group is led by Vic Parker and Steve LeSieur from Spectrum Equity, who are investors in other educational companies such as Lynda.com, ExamSoft, and Finalsite; Lee Fixel from Tiger Global, who has invested in companies including Facebook, LinkedIn, and Warby Parker; and Jon Callaghan from True Ventures, who are investors in Socrative, Fitbit, Always Prepped.

Judging by the portfolio of these investors, it's a good bet that the round is a significant sum. Adam Freed, former COO of Etsy (another popular online marketplace), will join TpT's Board of Directors, which includes Edelman and John Yoo (current CEO).

Edelman, a former NYC Public School teacher, founded TpT in April 2006. It was acquired by Scholastic in January 2007, but Edelman re-purchased it in March 2009. Since then the online marketplace made headlines when teachers like Deanna Jump topped $1 million in sales. The platform currently has over 3 million teacher users, according to Edelman.

Learn more about EdSurge operations, ethics and policies here. Learn more about EdSurge supporters here.

More from EdSurge

Get our email newsletterSign me up
Keep up to date with our email newsletterSign me up