Video technology spin-out Vidku raises $17m to support development of its Flipgrid tool.

Vidku, a video tech spin-out launched by a Minnesota University professor, has raised $17m.

The round was backed by Arthur Ventures, and the financing will be used to develop and market its video sharing app Flipgrid. Aimed at education, the app allows professors to post discussion questions, both online and in person, and receive responses from their students.

Since launching last year, the app has seen the exchange of two million videos, and is being used internationally.

Jim Leslie, CEO…