Engrade began in 2003 with a secondary school student who wanted an improved approach to connect to teachers on homework, assessments, and messages. Over time, user feedback and innovative ideas have shaped Engrade into a robust learning management system. Today, Engrade is a division of digital learning-focused CTB/McGraw-Hill and helps educators, parents, and students through all stages of the learning cycle from curriculum intending to assessments.
In the week, Engrade place the finishing touches upon an emblematic story on earth of education startups. In 2003, high school student Bri Holt decided he’d heard enough griping from classmates (and teachers) over the lack of a fast, easy way to view their grades online. So, like any budding web developer, he decided to build that easy, www engradewv com for his secondary school.
As the product found numerous eager early customers among teachers and classmates, adoption wasn’t exactly explosive. So, since it goes, Holt soon graduated and progressed to other pursuits. Meanwhile, left to the own devices, the gradebook slowly and deliberately continued to draw in frustrated teachers looking for the best online grading solution. So, thinks kept snowballing.
By 2010, nearly seven years later, its user base had grown sizable enough that Holt felt justified to go back to developing the merchandise full time. He made a decision to officially turn the gradebook in to a business and expand its functionality – what might later become Engrade .
Fast forward to in the week, and publishing giant McGraw-Hill Education consented to purchase Holt’s online gradebook – now more well known as https://www.schedulelogin.com/www-engradewv-com-login – for the purpose TechCrunch hears from sources was around $50 million. To education entrepreneurs, it’s an enviable outcome and a path (albeit perhaps not a totally replicable one) worth emulation.
However, overall, the process, from founding to sale, took over 10 years. Partly, it’s no surprise considering that building and selling an education company (for any real return) takes years, maybe even decades. Obviously, if you build a thing that solves a problem and this your customer really needs, adoption and customer acquisition should come. Because it relates to education: Teachers agdwlr simple tools that make their lives easier, and in case you build one on their behalf, and work with them to boost it, they’ll become your evangelists.
Ultimately, the acquisition seems to be a much more-than-positive outcome for Engrade’s founders, its team and its investors. The company had raised about $8 million total over two rounds, including from NewSchools Ventures, Zac Zeitlin, Expansion Venture Capital, Kapor Capital, Javelin Venture Partners, Rethink Education and Samsung Ventures, and others.