Posts tagged news

Packback Takes on $1.5M in New Funding Including Strategic Investments from University Ventures and ICG Ventures

Packback adds $1.5 million of new capital with participation from industry strategic investors as the Chicago-based education technology company doubles its user-base since the last semester and anticipates over 70,000 new students at 50+ universities using the service throughout the academic year.

The investments from University Ventures, the premier investor in education technology focused on higher education, as well as ICG Ventures LLC, the corporate venture capital arm of Ingram Content Group, will help Packback continue to scale nationally not only through capital, but strategic expertise as well. Packback intends to raise additional funding through an upcoming Series A investment.

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What’s New with Packback

Some of you may be wondering what Packback has been up to lately. About a year ago, we claimed space in our own office in Chicago’s South Loop and introduced our 1.0 platform, Packback Answers. Shortly after, in the Summer of 2016, we launched our 2.0 platform, Packback Questions. We shared about this update back in August, including the feature tab, how the clusters feature makes every class size feel intimate, information about our community management and a tutorial for new users to Packback Questions.

So what have we been up to since August? We’re glad you asked!

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Rich Text Editing: Beautifully Add Images, Videos, Text Formatting (and Even Emojis!) to Posts on Packback

The Packback Product Team has integrated Rich Text Editing into the Packback Questions platform to allow every student to fully express their ideas through videos, images, formatted text, formulas and more. Communities on Packback span a huge range of majors, and the introduction of Rich Text Editing provides all of our communities with the tools to fully and clearly explore any subject matter.

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