E-learning startup Zoomi raises $2.5 million - Technical.ly Philly

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Jun. 22, 2016 5:28 pm

E-learning startup Zoomi raises $2.5 million

It's the third investment in the Malvern-based company in the past 18 months.
Inside Zoomi’s Malvern offices.

Inside Zoomi's Malvern offices.

(Photo courtesy of Zoomi)

Malvern-based e-learning startup Zoomi has closed a $2.5 million funding round from undisclosed sources, according to an SEC filing.

The round follows two other investments received by the company over the past 18 months. In February 2015, Jim Walker’s company announced a $4.4 million funding round, which was extended last August with another $1.5 million.

According to William McColgan, Zoomi’s head of operations, the recent round is going towards beefing up the company’s staff and platform capabilities.

“We transitioned in the most recent quarter to Amazon Web Services in response to exponential client demand, and we have been filling out our technical ranks to make best use of those capabilities,” said McColgan.

Most of the company’s 30 employees work out of a 20,000-square-foot office in Malvern, Pa. Zoomi also has a satellite office within the Princeton Entrepreneurship Hub in Princeton, N.J.

“Although we’re not revealing details tied to this round, it demonstrates the confidence in Zoomi to capitalize on the market opportunity,” McColgan said.

Companies: Zoomi
People: Jim Walker
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