Clever, a Google-backed developer of technology that assists schools in incorporating third-party software into their systems, has raised $10.4m in its series A round, according to the Wall Street Journal.
The round was led by venture capital firm Sequoia Capital and featured funding from Paul Graham and Sam Altman, both of which are part of existing investor Y-Combinator, and Deborah Quazzo, the founder of broker dealer GSV Advisors.
Google Ventures invested in Clever’s $3m seed round in late 2012, together with Bessemer Venture Partners, SoftTech VC, Floodgate, SV Angel, Y-Combinator, Quazzo, and several other angels.
In addition to investing in Clever, Google is also among the education app developers making use of the company’s service to integrate its offerings into schools. Clever CEO Tyler Bosmeny told WSJ that the funding would be used to keep up with demand for its product and to develop new analytics tools to help schools understand how the apps Clever provides are being utilised.