About MasteryConnect
MasteryConnect is a company based in Salt Lake City (United States) founded in 2009 was acquired by Instructure in April 2019.. MasteryConnect has raised $33.85 million across 7 funding rounds from investors including Instructure, The Chan Zuckerberg Initiative and Catamount Ventures. MasteryConnect has completed 1 acquisition, including Socrative. MasteryConnect offers products and services including Mastery Connect, Mastery Item Bank, Mastery View Formative Assessments, and Canvas LMS. MasteryConnect operates in a competitive market with competitors including Renaissance, TagHive, Xello, Geekie and Certica Solutions, among others.
- Headquarter Salt Lake City, United States
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Masteryconnect, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$33.85 M (USD)
in 7 rounds
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Latest Funding Round
$4.5 M (USD), Series C
Dec 14, 2016
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Investors
Instructure
& 12 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Instructure
(Apr 02, 2019)
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Products & Services of MasteryConnect
MasteryConnect offers a comprehensive portfolio of products and services, including Mastery Connect, Mastery Item Bank, Mastery View Formative Assessments, and Canvas LMS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for K-12 digital assessments and data insights.
Repository of standards-based items for evaluations.
System to identify student learning needs quickly.
Integrated system for teaching and student engagement.
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Software Development Team
69 people
Leadership Team
62 people
Product Management Team
50 people
Sales and Marketing
31 people
Senior Team
30 people
Human Resources and Administration
10 people
Manager Team
10 people
Customer Team
10 people
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Funding Insights of MasteryConnect
MasteryConnect has successfully raised a total of $33.85M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $4.5 million completed in December 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $4.5M
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First Round
First Round
(07 Dec 2011)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2016 | Amount | Series C - MasteryConnect | Valuation | Catamount Ventures , The Chan Zuckerberg Initiative |
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| Sep, 2015 | Amount | Angel Round - MasteryConnect | Valuation |
investors |
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| Sep, 2014 | Amount | Series B - MasteryConnect | Valuation | Trinity Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MasteryConnect
MasteryConnect has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Instructure, The Chan Zuckerberg Initiative and Catamount Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are made in mission-driven early-stage companies.
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Founded Year | Domain | Location | |
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US focused early-stage VC firm
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage technology and real estate companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MasteryConnect
MasteryConnect has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Socrative. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Student response system for K-12 quizzes and polls is facilitated.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MasteryConnect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Masteryconnect Comparisons
Competitors of MasteryConnect
MasteryConnect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Renaissance, TagHive, Xello, Geekie and Certica Solutions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based K-12 assessments in reading, math, and writing are delivered.
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| domain | founded_year | HQ Location |
AI-powered quiz application for educational engagement is provided.
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| domain | founded_year | HQ Location |
Provider of an online platform for developing technical and soft skills in students
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| domain | founded_year | HQ Location |
Adaptive learning management system is provided for schools.
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| domain | founded_year | HQ Location |
Assessment and data quality solutions are offered for K-12 schools.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Masteryconnect
Frequently Asked Questions about MasteryConnect
When was MasteryConnect founded?
MasteryConnect was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is MasteryConnect located?
MasteryConnect is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is MasteryConnect a funded company?
MasteryConnect is a funded company, having raised a total of $33.85M across 7 funding rounds to date. The company's 1st funding round was a Series B of $15.2M, raised on Dec 07, 2011.
What does MasteryConnect do?
MasteryConnect was founded in 2009 in Salt Lake City, United States, within the K-12 education sector. Tools for teaching, learning, assessment, and leadership development are provided through a platform featuring standards-aligned assessments and secure credential management. Solutions for employee development, customer education, and member training are also offered to support educational operations across the sector.
Who are the top competitors of MasteryConnect?
MasteryConnect's top competitors include Renaissance, Xello and MetaMetrics.
What products or services does MasteryConnect offer?
MasteryConnect offers Mastery Connect, Mastery Item Bank, Mastery View Formative Assessments, and Canvas LMS.
How many acquisitions has MasteryConnect made?
MasteryConnect has made 1 acquisition, including Socrative.
Who are MasteryConnect's investors?
MasteryConnect has 13 investors. Key investors include Instructure, The Chan Zuckerberg Initiative, Catamount Ventures, MSDF, and Pelion Venture Partners.
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