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

Business

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.

(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.

-30-
Roberto Torres

Roberto Torres became Technical.ly Lead Philly Reporter in May 2016. Prior, he was a freelance contributor to Technical.ly and Al Dia News. The native Venezuelan moved to Philadelphia in 2015 after reporting on research at his alma mater, the University of Zulia. Whenever he's not fencing deadlines, he can be found standing in line at Overbrook Pizza in West Philly, running Netflix/Hulu marathons with his wife or reading news from Venezuela.

Advertisement

Sign-up for regular updates from Technical.ly

Do NOT follow this link or you will be banned from the site!