NEWTON, MA, According to MHT, e-learning math startup TenMarks Inc. has closed on a $1 million debt financing round.
Angel investor Jean Hammond, a TenMarks board member, is listed as a related person in the filing with the U.S. Securities and Exchange Commission, which notes there are 21 backers in the new financing.
TenMarks Education was founded by entrepreneurial parents searching for a better way to help students achieve their potential in math, and supplement and enrich their classroom learning. Founders, Andrew Joseph and Rohit Agarwal saw an opportunity to leverage the internet to help meet the challenges parents and teachers face when trying to advance math achievement, given the unique learning needs of every child, and their resistance to practice or learn new concepts.
Students, parents and teachers often struggle to find a way to supplement classroom math instruction that is effective, convenient and affordable, and will actually be used by students.
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