Peergrade gets $1.5M in fresh investment

Denmark Sweden Germany United States 21 December 2017

Peergrade, a Copenhagen, Denmark-based startup working on a platform for education, announced it secured $1.5M in a new investment round.

The money comes from a range of Danish and US-based investors, including Y Combinator, byFounders, Project A, Nordic Makers, Learn Capital and Futuristic.VC.

Peergrade, founded in 2014 and led by CEO David Kofoed Wind, developed a platform that enables students to grade each other’s work. The platform lets teachers set an assignment and grading criteria, and invites students to upload their completed work to Peergrade. The platform then distributes those assignments to different students who are charged with actually carrying out grading and giving feedback.

Peergrade is used by all of the major universities in Denmark, along with a number of other paying customers in Denmark, Sweden, Norway and Finland.

The company was part of Y Combinator in the summer 2017 and raised a $300k seed investment round at the of 2016.

Total investments received (USD): 1.92M