Apprennet learns of $1.8m round

Virginia and Pennsylvania universities are part of a consortium of investors backing online education startup Apprennet in a $1.8m.

Virginia made its investment through its Jefferson Education Fund, and was joined by Pennsylvania University’s Education Design Studio – the incubator where Apprennet started life which also maintains a seed fund. City Light Capital and Ben Franklin Technology Partners also joined the round, which was led by Martellus Holdings – an early investor in edtech Instructure which is IPO-bound.

The money will be used to further development of Apprennet’s products, as well as paying for a doubling in headcount as the startup aims to bring another 16 people on board.

Emily Foote, co-founder of Apprennet, said: Foote wrote: “The university system in Philadelphia has been a consistent, generous thought partner to ApprenNet. Since our early days, clients like Drexel, Penn, University of the Sciences, Peirce, DeSales and West Chester University have all shared their feedback and expertise to help us build an exceptional learning platform.”