SAN FRANCISCO Feb 9, 2011 Inigral Inc $2 million $4 million
The new investment provides capital for Inigral to further develop and market its education-focused social media technology product, the Schools App, built on the Facebook Platform. It also marks the first direct equity investment by the Gates Foundation in a for-profit company as part of its charitable mission.
The Schools App leverages the Facebook Platform to accelerate interconnectedness and build community among college students during the admissions and orientation process as well as their first-year experience. Through the combination of a familiar user interface, easy access from Facebook, social game constructs and a trusted environment, the Schools App quickly creates affinity groups that drive feelings of friendship and belonging. Academic research shows that increased social and academic integration, involvement and engagement in college can boost student learning and persistence, thereby increasing the likelihood of completion.
Greg Ratliff the United States
Peter Thiel Sean Parker Larry Mohr Sal Gutierrez
Inigral has been building on the Facebook Platform since 2007 and is the only company working in higher education selected by Facebook to participate in the Preferred Developer Consultant Program.
Arizona State University Columbia College Chicago Stetson University University of Texas at Tyler Pace University Hofstra University New Jersey Institute of Technology Savannah College of Art and Design Academy of Art University
Michael Crow Arizona State University
College graduation rates have remained stagnant for many years, yet there is a growing U.S. need for postsecondary degrees. By 2018, when today’s fifth-graders graduate from high school, an estimated 63 percent of U.S. jobs will require an education beyond high school. Currently, only 22 percent of students go on to earn a degree after high school.
Inigral will offer grants and discounts to community colleges and public, state and land-grant universities that serve diverse student populations, including high numbers of students eligible for Pell Grants. This program will be exclusively provided to institutions with ambitions in social media and software. Interested parties can find more details on the Inigral website.
Inigral Inc. is the emerging market leader delivering social applications to impact student enrollment and engagement. The Schools App leverages the Facebook Platform to drive student interconnectedness and belonging, increasing a postsecondary institution’s yield of accepted students and the retention of existing students. Inigral was founded in 2007 and is the only Facebook Preferred Developer Consultant focused on Higher Education. The education technology company is backed by Founders Fund, Retro Venture Partners and the Bill & Melinda Gates Foundation.
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SOURCE Inigral Inc.