Madison Wisconsin startup Study Blue has raised $9 million dollars for their digital backpack company. Study Blue helps students store and organize their class study materials and turns them into digital flash cards and quizzes. The platform also allows the study materials to be compared with other students that are taking the same subjects.

Study Blue is cross platform which allows students to pick up where they left off whether they’ve moved from a laptop or desktop to an tablet or smartphone.

The $9 million dollar Series A-1 funding round was led by Great Oaks Venture Capital, the Wisconsin Alumni Research Foundation also participated as well as existing investors.  This new funding will allow them to continue building on their existing user base which is already 2.5 million users strong. Those users have created and shared 100 million study materials across the web and their mobile apps.

“We are experiencing rapid growth. This financing allows us to further expand our community and platform to help students master their course material faster, said Becky Splitt, StudyBlue’s CEO. “Our online, mobile and social tools connect students to a comprehensive crowd-sourced library of content on nearly any subject, and to each other, in a highly relevant way.

“We are really excited to be a part of the StudyBlue movement,” said Andy Boszhardt, Partner, Great Oaks Venture Capital. “The entire edtech industry is seeing tremendous growth and StudyBlue has particularly impressive traction in the space with over 2.5 million registered users who use its platform across a myriad of devices. They are in a perfect position to expand the audience of students they serve and we’re really pleased to be a part of that.”

“We see Great Oaks as a perfect complement to our efforts” said StudyBlue Founder Chris Klundt.  “Their breadth of experience across consumer, mobile and online businesses as well as a commitment to the edtech industry makes this a great partnership.”

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