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ePals Befriends $47.2M

2011-08-08
Financing raised from 103 investors. AOL founders and Microsoft are backers.
HERNDON, VA, According to SEC filings, ePals Corp. has completed a $47.17 million equity offering, raising the amount from 103 investors.

ePals is the leading provider of safe collaborative technology for schools to connect and learn in a protected, project-based learning network. With classrooms in 200 countries and territories, ePals makes it easy to connect learners locally, nationally or internationally.

The firm's investors include: Miles Gilburne and Nina Zolt, Steve and Jean Case, Mitchell Kapor, Founder, Lotus; Chair, Mozilla Foundation; Chair, Second Life, National Geographic Ventures, Microsoft Corporation, Ted Leonsis, Yossi Vardi, Int'l Technologies Ventures; fmr Chairman, ICQ, John Kao, Fellow, Royal Society of Arts; Entrepreneur; Author, Innovation Nation & Jamming, Nancy Peretsman, EVP, Managing Director, Allen & Co., Jesselson Capital, Sandy Lange, Partner, Hilan Capital; former Chairman & CEO Pictorial, William Raduchel, Frmr CTO, Time Warner; CSO, Sun Microsystems, and Steve Arnold Lucas Foundation.

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