FOR IMMEDIATE RELEASE
Student Data Site Koofers.com Secures $500k of a $2 Million Series A Round
RESTON, Va. - December 3, 2008 - Koofers Inc., the developer of an academic platform for college students, has secured $500,000 of a $2 million first round. Koofers.com is an interactive community that serves the academic needs of college students through information sharing. Students benefit from collaboration with their peers and the experiences of former students. The site allows university students to share past exams & study materials, and provides access to class grade distributions and comprehensive course & instructor ratings.
The term "koofers," coined in the early 1940's, refers to old tests or study materials that are available to students in order to prepare for new tests. The term originated at Virginia Tech, where the startup was founded, with guidance provided by VT KnowledgeWorks (VTKW).
LaunchBox Digital selected Koofers.com as one of nine participants in their inaugural LaunchBox08 business accelerator program, and provided seed financing. Koofers' Series A financing has been provided by New Atlantic Ventures and Altos Ventures. Most recently, Koofers.com was named one of the top 25 finalists (out of 600) of Facebook's fbFund developer's competition.
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Michael Rihani
Koofers.com | Chief Strategy Officer | 540-818-8817
11600 Sunrise Valley Drive, Suite 440K | Reston, VA 20191
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