Smart Sparrow has raised $ 4 m to support its adaptive learning platform . The company will use the funding to refine its product and focus on capturing more of the U.S. market, says Ben-Naim, who adds that Smart Sparrow is not cashflow positive—yet. The company 's third funding round was led by Moelis Australia Capital Management , which put forward $ 5 m , and also featured contributions from existing investors OneVentures and Uniseed . So far Smart Sparrow has raised almost $ 20 m in venture funding . The Australian - founded company , which is now based in San Francisco , offers course - building platforms to teachers , allowing them to design online programmes from scratch , including interactive content such as embedded quizzes , virtual labs and simulations . Thus far Smart Sparrow has signed up 150 universities and been used to create more than 20,000 courses .
Smart Sparrow has raised $ 4 m to support its adaptive learning platform . The company 's third funding round was led by Moelis Australia Capital Management , which put forward $ 5 m , and also featured contributions from existing investors OneVentures and Uniseed . So far Smart Sparrow has raised almost $ 20 m in venture funding . The Australian - founded company , which is now based in San Francisco , offers course - building platforms to teachers , allowing them to design online programmes from scratch , including interactive content such as embedded quizzes , virtual labs and simulations . Thus far Smart Sparrow has signed up 150 universities and been used to create more than 20,000 courses .