Inigral Inc. has announced that the Bill & Melinda Gates Foundation has made a $2 million program-related investment (PRI) in the education technology company. The foundation joins existing investors, Retro Venture Partners and Founders Fund, in $4 million new Series B equity financing.
Inigral’s tool is specifically designed to engage current and future students of an institution in a dialogue and create a community before they ever set foot on campus. The Schools App leverages the Facebook Platform to accelerate interconnectedness and build community among college students during the admissions and orientation process as well as their first-year experience.
The new investment provides capital for Inigral to further develop and market its education-focused social media technology product, the Schools App, built on Facebook Platform.
How It Works
#Once your schools’ students are accepted, they’ll receive an email inviting them to join your private network. Only students on your accepted list will be allowed to join.
#They send out periodic reminders to encourage as many students as possible to join the community.