Online Education Raises $4 Million

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WizIQ, an online education platform which provides virtual classroom software for teachers and trainers at school and university level has raised a $4 million Series B round.

The funding was led by Kaizen, an Indian private equity fund focused on the education sector.

WizIQ said it will use the funding to bolster its position in the online education platform space.

As part of the investment, authorSTREAM, an online platform for PowerPoint users to share presentation-based content, will merge into WizIQ, giving it a chance to reach authorSTREAM’s four million users.

The company added that it would use the funding to improve its technology infrastructure and hire staff in product development and senior management positions.

WizIQ’s software has been used by more than 2.5 million students and more than 200,000 teachers in more than 100 countries to-date.

This software works on PCs, iPads and Android tablets.

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