GoReact announces $4M Growth Investment to Support Expansion
By Jordan Phelps
GoReact, an Orem-based edtech startup, announced a growth investment round for $4 million from Five Elms Capital. The startup provides a video-based skills-training platform that is used in classrooms and will use the capital to expand their growth and functionality to better serve its users.
“GoReact is changing how teachers and mentors are able to coach and assess performance-based skills,” said GoReact founder and CEO Ken Meyers. “Our platform streamlines the learning process and allows users to improve their performance skills faster than ever before.”
Originally developed at Brigham Young University, the product was released three years ago. It provides a cloud-based system that allows instructors and coaches to track student performance analytics, capture presentations and performances, and grade the video assignments. The ease of use of the product allows for better interactions between students and teachers which helps to improve student outcomes. The software is used in over 250 universities and 1,500 K-12 schools in 8 countries.
“GoReact has built an amazing platform, assembled a fantastic team, and has executed at scale. We could not be more excited to support them as they continue to grow rapidly,” said Joe Onofrio, partner at Five Elms Capital.