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Investments

8

Portfolio Exits

3

About Michael Chasen

Michael Chasen is the president and CEO of Blackboard Inc., which offers platforms to facilitate student engagement and collaboration. He has extensive experience in educational consulting and prior to founding Blackboard, served as a member of KPMG Consulting, a professional services firm serving colleges and universities.

Michael Chasen Headquarters Location

DC,

United States

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Latest Michael Chasen News

09:00 EDT Class Technologies Closes Acquisition of Blackboard Collaborate

Jun 30, 2022

News provided by Share this article Partnership Between Anthology and Class Focuses on Driving Student Success WASHINGTON and BOCA RATON, Fla., June 30, 2022 /PRNewswire/ -- Class Technologies Inc . , a leader in synchronous virtual learning, today announced it has closed on the acquisition of Blackboard Collaborate. Prior to the acquisition by Class, Blackboard Collaborate was part of the Anthology product suite, following Anthology's merger with Blackboard last year. Blackboard Collaborate will now be known as Class Collaborate. Customers can expect that both Class and Class Collaborate will operate business as usual. As previously announced, Class will continue full support of Class Collaborate and Class for Zoom for over 1,750 institutions representing higher education, K-12, and corporate learning & development teams around the world. "We are excited to welcome Collaborate customers and team members to Class," said Michael Chasen, co-founder and CEO of Class. "Educators and learners expect innovative and advanced solutions that enhance the online and hybrid learning experience. With this combination, we've brought together the industry's leading educators and technologists to meet this expectation and deliver the next generation of online learning." Driven by its shared vision to deliver the next generation platform for hybrid, hyflex, and online learning, Class and Anthology will also partner to build a tight integration between Blackboard Learn and Class to promote student success. The long-term vision is to bring together the best of both products to develop a learning platform that can support the various ways in which institutions want to engage in synchronous learning now and into the future. "Anthology's partnership with Class creates new opportunities for our clients to improve learning outcomes and experiences for their students," said Jim Milton, Chairman and Chief Executive Officer at Anthology. "Institutions are preparing to meet learner needs as they continue to shift in the years ahead. A flexible virtual learning environment that's rooted in data and proven pedagogical methods is exactly what they need to help their faculty and students succeed long term." Under the transaction, Class will be the preferred virtual meeting technology partner for Blackboard. The two teams are working closely together on joint go-to-market initiatives, including a large presence at the upcoming Anthology Together conference in Orlando, Florida. Class raised a combination of equity and debt from new and existing investors to finance the acquisition, including SoftBank Vision Fund 2, Insight Partners, Salesforce Ventures, Owl Ventures, Emergence Capital, Educational Testing Services (ETS), Arizona State University (ASU), Maven Ventures, Revolution's Rise of the Rest Fund, SWaN & Legend, Chimera Investment, Sound Ventures, Catalysis Capital Management, Guy Oseary, Bill Tai, and Super Bowl champion and entrepreneur Tom Brady. To learn more about Class Collaborate, visit www.class.com/collaborate . About Class Technologies Inc. Class is software developed by Class Technologies Inc., a company founded by education software pioneer Michael Chasen. Class adds teaching and learning tools to Zoom. It helps instructors take attendance, hand out assignments, give a quiz or test, grade work, proctor exams, talk one-on-one with a student, track student progress, and more all within the Zoom platform. Class is headquartered in Washington, DC with staff around the world. Schedule a demo at class.com  and follow us on Instagram, Twitter and TikTok at @WeAreClassTech. About Anthology Anthology offers the largest EdTech ecosystem on a global scale for education, recently combining with Blackboard to support more than 150 million users in 80 countries. With a mission to provide dynamic, data-informed experiences to the global education community, Anthology helps learners, leaders and educators achieve their goals through over 60 SaaS products and services designed to advance learning. Discover more about how we are fulfilling our mission for K-12, higher education, business and government institutions at www.anthology.com . Zoom is a trademark of Zoom Video Communications, Inc. Class Technologies Inc. and its product Class are not sponsored, endorsed, or otherwise affiliated with Zoom. Notes to the Editor: Michael Chasen co-founded Blackboard in 1997, and co-founded Class in September of 2020. SOURCE Class Technologies Inc. and Anthology/Blackboard ×

Michael Chasen Investments

8 Investments

Michael Chasen has made 8 investments. Their latest investment was in Territory as part of their Seed VC - III on February 2, 2016.

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Michael Chasen Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/5/2016

Seed VC - III

Territory

$5M

Yes

3

3/3/2014

Seed VC - II

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$99M

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10

8/14/2013

Bridge

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$99M

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10

5/21/2013

Seed VC

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$99M

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10

8/15/2012

Series B

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$99M

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10

Date

2/5/2016

3/3/2014

8/14/2013

5/21/2013

8/15/2012

Round

Seed VC - III

Seed VC - II

Bridge

Seed VC

Series B

Company

Territory

Subscribe to see more

Subscribe to see more

Subscribe to see more

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Amount

$5M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

Michael Chasen Portfolio Exits

3 Portfolio Exits

Michael Chasen has 3 portfolio exits. Their latest portfolio exit was EverFi on January 03, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/3/2022

Acquired

$99M

5

2/11/2020

Acq - Fin

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$99M

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10

6/24/2015

Acquired

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$99M

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10

Date

1/3/2022

2/11/2020

6/24/2015

Exit

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

5

10

10

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