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Founded Year

2012

Stage

Series B | Alive

Total Raised

$59.52M

Last Raised

$50M | 2 yrs ago

About NoRedInk

NoRedInk offers a web-based learning platform to help students improve their grammar and writing skills. The platform offers a wide range of educational content and practice work. The company was founded in 2012 and is based in San Francisco, California.

Headquarters Location

548 Market Street PMB 66984

San Francisco, California, 94104,

United States

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Expert Collections containing NoRedInk

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

NoRedInk is included in 1 Expert Collection, including Education Technology (Edtech).

E

Education Technology (Edtech)

2,839 items

These companies offer tech-enabled solutions that facilitate education and learning for people of all ages, from pre-K to adult and professional education.

NoRedInk Patents

NoRedInk has filed 2 patents.

The 3 most popular patent topics include:

  • global positioning system
  • gps navigation devices
  • legal terminology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/16/2017

2/18/2020

Evolutionary biology, Software testing, Educational psychology, Swing dances, Population genetics

Grant

Application Date

9/16/2017

Grant Date

2/18/2020

Title

Related Topics

Evolutionary biology, Software testing, Educational psychology, Swing dances, Population genetics

Status

Grant

Latest NoRedInk News

SEVA, a new growth equity fund, secures $85M for debut fund in four months

Nov 20, 2023

After five years sharpening his technology investor skills at Susquehanna Growth Equity, Shalin Mehta is now a solo general partner at his own growth equity firm, securing $85 million in capital commitments for his debut fund. While at Susquehanna, the 29-year-old led investments in companies, including NoRedInk and MuckRack . Now with SEVA , a firm he started earlier this year, Mehta intends to invest in New York-based customer-centric founders of fast-growing, bootstrapped companies to scale via profitable growth, he told TechCrunch. Mehta and three other team members lead SEVA, a name inspired by the Sanskrit word meaning “selfless service.” “That means to be in service of,” Mehta explained. “If anything, I have served in the last decade of my career, it’s customer-centric founders and companies. That’s why I made the decision to start SEVA earlier this year.” Unlike some emerging fund managers who had challenges raising first funds in the past year, SEVA was able to close on $85 million in a short period of time — four months — even exceeding its original target of $50 million. The fund’s backing comes from institutional investors, university endowments, charitable foundations, family offices and founders that Mehta invested in while in his prior roles at Susquehanna and Spectrum Equity. Those bootstrapped founders are similar to the founders SEVA intends to invest in, he said. Mehta has not made any investments from SEVA Fund I yet. Plans are to invest in eight to 10 companies from the first fund over the next three to five years, writing $5 million to $15 million checks into profitable, founder-led companies, he said. His expertise is in internet, software, data, marketplace and technology-enabled services companies. In addition, Mehta has cultivated a network of founders and growth-stage technology executives to partner with portfolio companies in such areas as strategic planning, executive hiring and go-to-market, to help them continue long-term growth and profitability, as well as exit planning. Meanwhile, Mehta sees SEVA as being a little different than other investment firms — as in between private equity and venture capital. “I’ve committed my entire investing career to investing in bootstrapped or founder-led, profitable, fast-growing, technology-enabled companies, those that don’t need venture capital or growth-stage ventures or they don’t want to sell control,” Mehta said. “They want more of a consigliere. We’re not a billion-dollar growth equity or buyout firm, we’re kind of squarely in between where the founders and companies we work with. They don’t need us, they want us.”

NoRedInk Frequently Asked Questions (FAQ)

  • When was NoRedInk founded?

    NoRedInk was founded in 2012.

  • Where is NoRedInk's headquarters?

    NoRedInk's headquarters is located at 548 Market Street, San Francisco.

  • What is NoRedInk's latest funding round?

    NoRedInk's latest funding round is Series B.

  • How much did NoRedInk raise?

    NoRedInk raised a total of $59.52M.

  • Who are the investors of NoRedInk?

    Investors of NoRedInk include True Ventures, Susquehanna Growth Equity, Paycheck Protection Program, Social Capital, Kapor Capital and 10 more.

  • Who are NoRedInk's competitors?

    Competitors of NoRedInk include Empirical Resolution.

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Newsela

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Empirical Resolution

Empirical is a nonprofit developer of free, interactive learning tools. The company's mission is to make students active players in their education by presenting students with problems to solve and allowing them to construct solutions. In this environment students take charge of their own education. The company's Quill is literacy tool that builds students' grammar skills through personalized writing and proofreading activities.

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