Smarterer gets additional $1.6M in round led by Rethink Education
Boston-based startup Smarterer has secured a capital injection of $1.6 million. The round was led by Rethink Education, TechCrunch reported.
Smarter is a platform that gives job seekers a way to measure their skills in various subjects through online quizzes and earn a badge to support their CVs. As part of the deal, Rethink Education Managing Partner Rick Segal will be part of Smarterer's Board of Directors. The round was participated in by Deborah Quazzo, the Founder and Managing Partner of GSV Advisors. Existing backers True Ventures and Boston Seed Capital also joined the round, which brought to $4.6 million the total capital raised by the startup, the report said.
With the most recent round, Smarterer unveiled Flock, its new product that aims to provide enterprise firms with the knowledge and skill sets that comprise their companies and more importantly allow them to comprehend where the skills gap lie. With Flock, team members of an organization can come up with skills test questions about important information that someone must know in order to succeed in a certain role, the report said.
The whole concept behind the new product is to let subject matter experts in companies write and curate test questions and add or delete them so that user-friendly and multiple choice exams are created that are reflective of the organization, the report said.
Through its Flock platform, Smarterer intends to help firms take care of their knowledge and internal development and get new talent on board their team as well. The platform provides firms with a skills inventory that allows them to evaluate their strengths and determine the areas where recruitment is necessary. The ultimate goal for the startup is to simplify the process in hiring, compensation, training and even succession planning for businesses, the report said.
Flock builds on the Smarterer platform of consumer-facing skill tests, which according to its website, features crowdsourced questions, adaptive scoring and badges.
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