Grockit Raises Cash, Prepares 'Massive Multiplayer Online Learning' Product.
When we last wrote about San Francisco based Grockit , in late 2006, they were unfunded. Their business idea of holding low-cost GMAT prep courses over Webex was just getting off the ground. Now they are funded - $2.7 million total ($2.3 million from Benchmark, $400k from angel investors Mark Pincus, Rob Lord, Reid Hoffman Thomas Ryan and others) in a Series A round was closed last month. And they are changing their model completely.
Source: http://www.techcrunch.com/2007/07/24/grockit-raises-cash-prepares-massive-multiplayer-online-learning-product/
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