[ [http://www.techcrunch.com/2008/01/30/globalscholar-raises-27-million-b-round-to-tackle-online-education/ GlobalScholar Raises $27 Million B Round To Tackle Online Education] By Erick Schonfeld in "TechChrunch"] ]History
GlobalScholar, formally known as InfiLearn, was founded in December 2006 by Kal Raman, a former drugstore.com chief executive and Amazon.com senior vice president [ [http://living.oneindia.in/celebrity/celebrity-interviews/2008/kal-raman-interview-080408.html The New Awakening In Modern India: Interview With Kal Raman] By Dhanyasree M in "OneIndia"] . The company has grown to about 250 people in March 2008, roughly half in the US (Bellevue, WA and Greeley, CO) and the rest in Chennai, India. [ [http://seattletimes.nwsource.com/html/brierdudley/2004068473_brier13.html "GlobalScholar lands $27 million in VC plus new purchase"] "Seattle Times" ] [ [http://www.hindu.com/2008/03/07/stories/2008030756732000.htm GlobalScholar.com raises $27 m] By K. T. Jagannathan in "The Hindu"]
In January 2008, GlobalScholar launched two new services, SchoolFinder and CollegeFinder; two new websites dedicated to parents and students to discover and learn more about their current and future schools.
GlobalScholar.com made a strategic decision on January 31st, 2008, to acquire Excelsior Software to expand the solutions it offers school districts and in order to offer Excelsior’s many loyal customers an even broader collection of educational services.
Funding
The company secured $27 million in round B funding on January 31st 2008 from existing investors Ignition Partners and Knowledge Universe Education. This was on top of a previously undisclosed $15.5 Million of Round A funding the company raised early last year. The funding included additional investments from Knowledge Universe Education, a leading global education company; Ignition Partners, a premier venture capital firm; and an added investment from Peter Neupert, an existing board member; [ [http://seattletimes.nwsource.com/html/businesstechnology/2004157366_bizbriefs01.html "InfiLearn changes name, launches tutors"] " Seattle Times"] [ [http://blog.seattletimes.nwsource.com/brierdudley/2007/12/13/ "Kal Raman's learning startup stepping out"] "Seattle Times" ] ; Excelsior Software, with long-standing relationships in the education community, was also acquired. [ [http://seattle.bizjournals.com/seattle/stories/2008/02/04/story3.html "GlobalScholar's acquisition of Excelsior opens door to new markets"] "Puget Sound Business Journal"] [ [http://www.siliconindia.com/shownews/39477 GlobalScholar.com lands $27 Mn, buys Excelsior] in "SiliconIndia"]
ervices
GlobalScholar.com offers a unique online tutoring platform, where parents and students can connect with tutors/educators who provide one-on-one tutoring, homework help or self-paced learning. The platform can also be used by schools and school districts to enable teachers and administrators to more efficiently and effectively create, manage and align content, assessments, curriculum, standards and supplemental learning. [ [http://blog.seattlepi.nwsource.com/venture/archives/130764.asp "GlobalScholar.com lands $27 million, buys Excelsior"] "Seattle Post-Intelligencer."] [ [http://indiainteracts.com/videos/2008/04/04/Business-Bytes-Globalscholarcom-Part-1/ Business Bytes Globalscholar.com] in "IndiaInteracts"]
In addition to GlobalScholar, the company also launched two other Websites in January 2008. SchoolFinder pulls together relevant information for elementary and high schools and lets parents compare one school against another. CollegeFinder does the same for colleges, pulling in rankings from U.S. News & World Report and the Princeton Review. [ [http://www.techcrunch.com/2008/01/30/globalscholar-raises-27-million-b-round-to-tackle-online-education/ "GlobalScholar Raises $27 Million B Round To Tackle Online Education"] "TechCrunch"]
GlobalScholar also provides a worldwide platform for cheating and copying homework through its ClassOf1 "tutoring" subsidiary. ClassOf1 is a registered as a "tutor" on the GlobalScholar main site and is wholly owned and operated by GlobalScholar. "Learners" from around the world may hire a ClassOf1 "tutor" to complete or forge any sort of assignment including, but not limited to: homework, exams, quizzes, thesis, and even doctoral dissertations. One only needs to pay a fee in order to receive these services.Fact|date=October 2008
External links
* [http://www.globalscholar.com/ GlobalScholar]
References
