Startups

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.

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

The person charged in the UnitedHealthcare CEO shooting had a ton of tech connections

From rejection to innovation: How I built a tool to beat AI hiring algorithms at their own game

How a laid-off AI enthusiast pivoted to become a founder — while holding down a day job

Where are the country’s most vibrant tech and startup communities?

Technically Media