Grockit Raises Money for Online Test Prep

October 17, 2011

About half of students who take the SAT do nothing to prepare. Grockit, an education start-up, wants to change that by making test prep social and taking it online.

On Monday, Grockit announced that it raised $7 million in venture capital, for a total of $24 million, from GSV Capital and NewSchools Venture Fund, which invests philanthropic donations in education businesses and nonprofit organizations.

[Read the entire post at The New York Times]