Reston, Va. – Koofers, the developer of an online community
where college students share old exams, quizzes and class notes for use as
study aids, said on Tuesday it has raised $5 million in its first round of
funding.
New investors Revolution, the investment firm created by AOL
co-founder Steve Case, and QED Investors joined previous backers New Atlantic
Ventures and Altos Ventures in the round, which the company plans to use to
scale its presence.
Founded in 2008, Reston, Va.-based Koofers has aggregated
data from more than 400 universities, leveraging social networks like Facebook
to attract more than 310,000 college students.
The company was from the
"first class" of start-ups incubated by LaunchBox Digital.
The
company in August also launched a textbook price comparison tool, designed to
help students find the lowest prices on textbooks from online vendors.
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