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LightSail Education raises USD3.5 million for literacy improvement

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November 19
12:26 AM 2013

New York City startup LightSail Education secured USD3.5 million in a Series A funding round led by Viceroy Capital Advisors. New Ground Ventures also participated in the round. This was according to a report published by The Wall Street Journal.

Lightsail has designed a mobile app that helps improve the literacy of K-12 students. The said app offers a digital library where students can access over 18,000 educational sources. When a student opens a digital source using the LightSail, the app quizzes them as they read along. During the interactive learning process, the app adjusts the questions to target the student's weak areas of learning, the report explained.

Teachers also benefit from the LightSail app, the report said. The learning tool would aid the teachers in gauging the students' reading and writing abilities. They can also generate easy-to-read reports to be shared with parents, students, and school authorities, the report said.

The LightSail app is compatible with any mobile device. The company plans to use the new funding to market the technology outside of New York. The firm also plans to roll out a more affordable version of the educational app, The Wall Street Journal reported.

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