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As Education Shifts Online, ClassDojo Serves 51 Million Students Worldwide, Announces Profitability and New 'Solo Capitalist' Fu

As Education Shifts Online, ClassDojo Serves 51 Million Students Worldwide, Announces Profitability and New 'Solo Capitalist' Funding

ClassDojo reaches 1 in 6 million elementary school families in the U.S., and families in over 180 countries, as growth and revenue accelerate.

PR Newswire

SAN FRANCISCO, Jan. 27, 2021 /PRNewswire/ -- ClassDojo, the consumer education brand behind the world's most widely used communication app for pre-K-8 students and families, announced $30 million in new funding today. It was led by 'solo capitalist' Josh Buckley, along with notable founders and executives — including Superhuman CEO Rahul Vohra, Coda CEO and former YouTube head of product and engineering Shishir Mehrotra, Facebook's head of new products Noam Lovinsky, Opendoor CPO and former product leader at Coursera and Netflix Tom Willerer—as well as many of the company's long-standing investors.

A Y Combinator education company, ClassDojo's flagship app is the leading communication app for pre-K-8 teachers, children and families globally. The app enables them to stay connected, sharing pictures, videos, activities and messages throughout the school day. It has grown by word-of-mouth with over 100 million iOS and Android downloads across 180 countries. It served an audience of 51 million students in 2020; in the U.S. alone, 1 in 6 elementary school families — 5 million families — use ClassDojo every day.

"Our long-term goal is to give every child on Earth an education they love. If we achieve this, kids everywhere will grow up to be happier, healthier, kinder, and contribute their unique talents and full ingenuity to the world," said Sam Chaudhary, ClassDojo co-founder and CEO. "We obsess over serving the people : kids, their teachers, and their families. Last year was a vivid reminder of how important our work has become for them; they count on us more than ever, and we are fortunate to be able to help. With this financing, we're excited to accelerate our mission by partnering with incredible leaders who have built iconic consumer businesses."

In the last year, 800 million children worldwide were pulled out of classrooms due to the pandemic. Tens of millions of classrooms and families turned to ClassDojo as a lifeline between class and home, building on the company's growth in the twelve months since its Series C fundraise. In 2020, the company saw more than 10 times as many new signups as the previous year — about three new people joining every second. Communities were more engaged than ever: teachers, children, and families shared three times as many photos and videos between themselves than in the company's entire history.

The company was profitable for the first time in 2019, four months after the launch of Beyond School, an optional subscription that gives families additional learning experiences for their children beyond the classroom. The company nearly tripled revenue in 2020, with hundreds of thousands of families choosing to become paying subscribers, all with a team of just 50. Seventy-five percent of parents who use Beyond School say it has helped them feel more connected to their child, and 80 percent say it is something the entire family enjoys using together. Revenue from Beyond School enables ClassDojo to be freely available for all teachers, children, and families.

"I can't imagine life without ClassDojo. The connection with our child's classroom community, and the ability to communicate with our teacher has been a lifeline, especially this year. ClassDojo keeps kids and everyone who cares about them connected — there's nothing more important than that," says Jennifer Belland, mother of a 2nd grader and a 4th grader in Utah. "And now I use ClassDojo to get more for my kids, beyond what their school offers — we've worked on building a growth mindset and a good bedtime routine together this year. ClassDojo just gets us."

Recently, ClassDojo created 'Big Ideas' — original series of learning experiences, created in collaboration with leading partners including Stanford, Harvard, Yale, and Elon Musk's school, Ad Astra — broaching overlooked or hard-to-teach topics like growth mindset, empathy, mindfulness and ethical conundrums. These are available to all classrooms on ClassDojo. More than 15 million kids have used the Big Ideas series to date.

"ClassDojo flipped a decades-old model. Instead of selling more software to districts, they're building the consumer brand that stands for kids and families," said Deborah Quazzo, managing partner of GSV Ventures. "They've had a long-term vision from day one: step one was bringing communities together. Step two is using their scale to give kids in those communities the learning experiences they love, and that their families want for them. Today, less than 3% of education spend happens online; a once-in-a-lifetime shift is underway. Families want better for their children, and ClassDojo is well-positioned to build the future for them."

"Today, kids learn whatever is taught in their local school. That's great, but it's not everything: the future we want to bring about is one where kids' opportunities aren't defined by their zip code, but by the best ideas and learning experiences the world can offer them. The unfulfilled promise of the internet is that education can again be a 'great equalizer' of opportunity in our society," said Liam Don, ClassDojo co-founder and CTO. "We believe we have a chance to build one of the most meaningful and valuable companies of the 21st century, by finally delivering on the early promise of the internet, and giving every child an education they love."

The San Francisco-based company has been recognized by Forbes, Inc. and Fast Company for its growth and innovation and boasts over 100 million downloads to date.

About ClassDojo

ClassDojo is a leading global education company, with a vision to give every child on Earth an education they love. Its flagship app is the #1 communication app for K-8 teachers, children and families globally. They use it to stay connected, sharing through the school day with photos, videos, messages, and activities. Families rely on ClassDojo Beyond School to help children get learning experiences they love, beyond school. Today, ClassDojo is used by 95% of pre-K-8 schools in the US, and serves over 51 million students in 180 countries. To learn more, visit: classdojo.com or Facebook, Instagram and Twitter, or read about our thesis here.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/as-education-shifts-online-classdojo-serves-51-million-students-worldwide-announces-profitability-and-new-solo-capitalist-funding-301216471.html

SOURCE ClassDojo



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