GoReact, one of the fast risers in Utah’s education tech community and makers of a video-based skills-training platform used in the classroom, today announced the close of a $4 million growth investment from Five Elms Capital.
OREM, UTAH (16 March 2016)
The capital infusion will help GoReact accelerate growth and expand functionality to better serve its large and growing user base.
Since its release just over three years ago, GoReact has built a platform that massively simplifies the lives of instructors and coaches by providing a cloud-based system that allows them to capture presentations and performances, grade and score video assignments, and track student performance analytics. The intuitive, streamlined solution is ‘ridiculously easy to use’, allowing for better interaction between students and professors, resulting in more successful student outcomes.
“GoReact is changing how teachers and mentors are able to coach and assess performance-based skills,” said GoReact founder and CEO Ken Meyers. “Our platform streamlines the learning process and allows users to improve their performance skills faster than ever before.”
GoReact has quickly become the go-to education solution for video-based skill development and feedback. GoReact’s platform is currently used in more than 250 universities and 1,500 K-12 schools in 8 countries around the world, and to date, participants have submitted over one million videos for feedback through the GoReact platform. GoReact has been named to the Utah Venture Entrepreneur Forum’s Hot 100 two years running, was a finalist in the EdTech Digest Cool Tools awards, and has earned additional accolades and recognition for their work in the ASL and international sign language communities.
“GoReact has built an amazing platform, assembled a fantastic team, and has executed at scale. We could not be more excited to support them as they continue to grow rapidly,” said Joe Onofrio, partner at Five Elms Capital.
GoReact was originally developed at Brigham Young University and pioneered live in-class presentation feedback using its patent-pending sync technology. Today, GoReact is the premiere platform for video-based skill development across many disciplines, simplifying the lives of instructors and coaches who use video to improve performance-based skills for their students. For more information, visit https://www.goreact.com.
About Five Elms
Five Elms Capital is a leading growth equity firm that invests $3–30 million in fast-growing companies outside of Silicon Valley. Five Elms partners with growing, bootstrapped software and services businesses, providing capital and resources to accelerate growth and help companies become industry leaders. For more information, visit fiveelms.com.
Ken is a SaaS veteran with a passion for exceptional user experience. Prior to founding GoReact, he was president or COO at CrimeReports.com (sold to Motorola), AdvancedMD (sold to ADP), and Superstats.com (now Omniture, part of Adobe). He has a degree in Communication and an MBA from Brigham Young University, and follows his New England native Red Sox faithfully . . . as long as they’re not in last place.