Testive raises $500K

Date:
Monday December 10, 2012

Company Name:
Testive

Company Website:
http://www.testive.com

Categories:
Consumer Web, Internet

Deal:
Funding

Source:
http://on.mktw.net/TRzS7R

Testive, a 2012 TechStars Boston alumus, announced a $500K seed round lead by prominent Boston angels. Testive builds educational testing and test prep software. Testive's TurboTest™ platform was developed at MIT and can accurately predict students’ scores on the SAT® and other tests 3x faster than traditional practice tests.

Testive’s fundraising round was led by several prominent Boston Angels including Jean Hammond (an active angel and early investor in ZipCar and Pixibiity), Eileen Rudden (Former Chief Officer of Chicago Public School’s College and Career Prep Office), Dharmesh Shah (co-founder of Hubspot), and Bill Warner (founder of Avid and active Boston Angel). Don McLagan, an investor and the former CEO of Compete.com, has joined Testive’s Board as an observer.