Los Angeles, California (PRWEB) February 09, 2015
Team(You), Inc. is an education technology company with software in use by thousands of students. The software manages a positive behavior reinforcement system, and allows teachers to integrate incentives into Common Core. Team(You) announces the close of a seed round of $500,000 from Wall Street and technology executives. The funding enables the Los Angeles-based educational software company to incorporate feedback from successful pilots, roll out a national teacher marketing plan, and hire staff to handle the growing base of school installations.
Lead investor Frank Byrne of Fifth Light Capital said that the use of technology to transform education is in the early stages of a period of unprecedented change. The hardware and connectivity infrastructure needed for effective use of software in all administrative offices and classrooms is spreading. The fastest growing subsectors are those that save time for administrators and teachers, he says.
"Within the $3 trillion global education market, the application of new technology is improving the experience of teachers and students alike,” Byrne says. "Team(You)’s application engages students, saves teacher time and improves data driven decisions for administrators.”
"Team(You) was founded in 2013 to commercialize a popular program in use since 1997. The point incentive system increased usage and attendance and improved the lives of 8,000 students. “Students respond to this opportunity to earn points,” says Team(You) CEO and founder Cynthia Harrington. “Once engaged, students participate in their own learning in a more active and deeper way.”
Team(You) was tested in four sites, with significant improvements in attendance rates and engagement. Two of the sites were after school programs that ranged in ages from kindergarten to eighth grade. One of the sites was a charter school covering grades 6-12. The fourth is a pilot with a major food retail chain seeking to solve the problem of employee engagement.
About Fifth Light Capital
Fifth Light Capital is a boutique financial advisory firm assisting companies with a social mission achieve their fullest potential in business. The firm’s services focus on strategic planning and devising appropriate financial solutions for growth stage, for-profit companies. Bringing decades of Wall Street expertise to clients, it works to ensure positive impact investing, where not only financial returns are considered, but also measurable returns that are of major benefit to society and the environment.
About Team(You), Inc.
Team(You) is an education company with software that solves a time problem for teachers by letting them manage their incentive systems online. The system provides evidence based recognition actions that improve a student’s social and emotional skills as well as academic. Using the system generates data to personalize student attention and to communicate with parents. Launched in 2014, Team(You) software currently serves 1,400 students. A free trial for teachers is available at school.teamyou.co/trial.