About Socrative
Socrative is a company based in Salt Lake City (United States) founded in 2010 was acquired by Showbie in July 2018.. Socrative has raised $750 thousand across 1 funding round from investors including MasteryConnect, Showbie and True Ventures. Socrative offers products and services including Socrative App, Quizzes and Polls, and PRO Upgrade. Socrative operates in a competitive market with competitors including Renaissance, MasteryConnect, TagHive, Xello and Geekie, 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
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- Legal Name Showbie 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
$750 K (USD)
in 1 rounds
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Latest Funding Round
$750 K (USD), Seed
Apr 19, 2013
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Investors
MasteryConnect
& 3 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Socrative
Socrative offers a comprehensive portfolio of products and services, including Socrative App, Quizzes and Polls, and PRO Upgrade. 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 real-time quizzes and instant student feedback
Features for creating interactive activities and tracking progress
Advanced tools for differentiated instruction and engagement
Funding Insights of Socrative
Socrative has successfully raised a total of $750K through 1 strategic funding round. The most recent funding activity was a Seed round of $750 thousand completed in April 2013. 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 1
- Last Round Seed — $750,000
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First Round
First Round
(19 Apr 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2013 | Amount | Seed - Socrative | Valuation |
investors |
| 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 Socrative
Socrative has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include MasteryConnect, Showbie and True 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 firm supporting AI founders through investments and community.
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Founded Year | Domain | Location | |
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US Edtech companies are invested in by NewSchools Venture Fund.
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Founded Year | Domain | Location | |
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App to assign, collect & review student work on iPad
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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 Socrative
| 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 |
Financial Statements - Socrative
| 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 |
Socrative Comparisons
Competitors of Socrative
Socrative 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, MasteryConnect, TagHive, Xello and Geekie, 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 |
Assessment and data solutions are developed for K-12 education.
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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 |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Socrative
When was Socrative founded?
Socrative was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Socrative located?
Socrative is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is Socrative a funded company?
Socrative is a funded company, having raised a total of $750K across 1 funding round to date. The company's 1st funding round was a Seed of $750K, raised on Apr 19, 2013.
What does Socrative do?
Socrative was founded in 2010 in Salt Lake City, United States, as an EdTech platform focused on K-12 education. Quizzes and polls are created and distributed by teachers through smartphone and tablet applications for classroom engagement. Student performance is tracked in real time to provide data for personalization of learning by teachers, parents, schools, and districts. The platform was acquired by MasteryConnect for 5 million in June 2014.
Who are the top competitors of Socrative?
Socrative's top competitors include Renaissance, MasteryConnect and Xello.
What products or services does Socrative offer?
Socrative offers Socrative App, Quizzes and Polls, and PRO Upgrade.
Who are Socrative's investors?
Socrative has 4 investors. Key investors include MasteryConnect, Showbie, True Ventures, and NewSchools Venture Fund.
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