Growth Street Partners announced an equity investment in Iowa City-based Pear Deck, provider of real-time classroom engagement software.See below for part of the press release issued by Growth Street Partners or click here for the full release on Newswire.com
IOWA CITY, Iowa, March 22, 2017 /PRNewswire/ — Growth Street Partners and existing investors, including Village Capital, Hyde Park Venture Partners, and AOL Co-Founder Steve Case/Rise of the Rest, have made a $4.0 million growth equity investment in Pear Deck, a provider of real-time classroom engagement SaaS. Pear Deck’s software enables K-12 teachers, schools, and school districts to engage students, improve educational outcomes, and enhance the teacher experience.
Pear Deck’s software allows students to respond in real-time to a teacher’s lesson with text responses, drawings, and other interactive strategies that the teacher can see immediately. Benefiting from the rapid growth in “one student to one device” classrooms and Google Classroom, Pear Deck already has customers in over 40 states, including some of the country’s largest school districts.
“Growth Street’s culture and values align perfectly with Pear Deck,” said Riley Eynon-Lynch, co-founder and CEO of Pear Deck. “We are thrilled to welcome them to the Pear Deck family. The partnership will allow us to accelerate growth, invest in product, optimize go-to-market, and remain focused on our primary mission of helping teachers engage all of their students, every day.” Pear Deck’s focus on efficacy and the software’s demonstrated success with students is validated by third parties. As published in a 2015 New York Department of Education Office of Innovation & EdTech iZone and Johns Hopkins study, Pear Deck helps to increase student interest in class material and improve students’ understanding of content.
“Growth Street is very excited to partner with Pear Deck,” said Nathan Grossman, Co-Founder of Growth Street Partners. “Built by educators, it is not surprising students, teachers, principals, and superintendents across the country all love Pear Deck. Our partnership will help extend the company’s reach, engage more students, and improve educational outcomes.” Click here to read more.
