Philadelphia, PA – July 18, 2016 − Yellowdig, a SaaS provider of a leading social learning platform, today announced that it has entered into a $1M investment agreement with SRI Capital.
Yellowdig’s social learning platform is driven by collaboration and data science. Yellowdig forms a social layer on top of existing enterprise learning systems used by majority of universities and organizations to build engaging, collaborative and fun learning experiences in a private & secure way.
After commercially launching the platform in the U.S. in early 2015, the company has quickly established an impressive customer base including some of the leading education institutions of the world – Northwestern University, Arizona State University, University of Pennsylvania, UC Irvine, University of Florida and over 20 other leading institutions. After extensive vetting of the platform with over 35,000 learners, the company is now rapidly signing up multi-year license contracts with its early adaptors.
“I am excited to have Sashi Reddi from SRI Capital join us as a investor,” Shaunak Roy, founder & CEO of Yellowdig. “We are experiencing rapid growth of our SaaS platform in higher education in the US, and we see a lot of potential to grow in adjacent K12 and Corporate e-Learning markets. Sashi’s deep expertise in enterprise SaaS and his experiences with building global businesses will be an asset.”
Shaunak founded Yellowdig in 2014 to follow his passion for education technologies, after almost a decade of progressive senior roles in management consulting and corporate America. Shaunak holds a B.Tech from Indian Institute of Technology, Bombay and MS from Massachusetts Institute of technology, US.
“Yellowdig is revolutionizing the way online learning will work, bringing in an innovative social engagement aspect that will significantly improve learning outcomes,” said Sashi Reddi, managing partner of SRI Capital. “There is a reason why over a 100 of the leading universities in the US are evaluating Yellowdig.”
Raddi will join Yellowdig’s board of directors as part of this investment. Yellowdig is also backed by 500 Startups, a leading global venture capital seed fund and startup accelerator.
