True Ventures Leads $1.75M Round in Skills Test Site Smarterer

Smarterer, an online site which  tests and scores people on their skills, raised a $1.75 million Series A round, CEO Jennifer Fremont-Smith announced on the company blog today. The Boston-based company raised the round from True Ventures (which led the funding), Google Ventures and a dozen angel investors, including Shikhar Ghosh, Russ Fradin, Mark Gerson and Scott Kurnit. The company has now raised $3 million in total funding. Smarterer users have answered more than 10 million questions and the company is rolling out a variety of integrations, including a partnership with BranchOut.

BLOG POST

Smarterer Grows to 10M Questions Answered and Raises $1.75 Million to Ace Skill Assessment

By Jennifer Fremont-Smith On June 5, 2012 · Leave a Comment · In Education, Smarterer News ….Back in January, we reported that Smarterer grew by more than 1250% in just one week, and we’re continuing along the same steep curve–we just passed the 10 million questions answered marked! Our community has answered more than 1,000,000 questions in the Smarterer Excel test alone, taking the test more than 42,000 times. People have spent the equivalent of 176 days or 5.7 months answering questions about Microsoft Excel. You can now prove over 500 skills with Smarterer!

Now we have another exciting new milestone to report. Just last week, Smarterer completed its Series A funding, raising $1.75 Million. True Ventures led the round, which also included an investment from Google Ventures, as well as a dozen angel investors. Tony Conrad from True will join Smarterer’s Board of Directors. We feel incredibly fortunate to draw on the experience and expertise of both firms, who saw our vision early, supported us as we built toward that vision and continue to be incredibly helpful every single day.

Back in March, our Exec Chair and co-founder, Dave Balter, wrote in a blog post: “What’s coming for education is something like the shift the music industry failed to see until it was too late. Things will never be the same again…” It’s not just education–we see an entire ecosystem ripe for disruption, as skills become a critical tool for hiring and candidate evaluations, and for managing our reputations online.

On the hiring front, Smarterer recently kicked off partnerships with The Resumator and Bullhorn Reach (Applicant Tracking Systems), and is rolling out an integration with Branchout among others — taking the hassle out of hiring. Our new Skillsets platform allows hiring managers to stack rank candidates by their actual skills, and enables professionals to position themselves for employment based on what they really know. It’s truly a win-win for for everyone involved in the job search.

In the personal reputation management space, we just rolled out a brand spanking new partnership with About.me. Now you can de-clutter your digital life by linking your Smarterer profile and scores to your About.me profile page, keeping all your favorite online tools together in one place, through this sleek new integration.

So how does all of this tie together?  Just consider the story of Dave Sturgis.

Back in high-school, a guidance counselor assured Smarterer engineer Dave Sturgis that because he wasn’t good at math, he’d never be able to complete a Computer Science degree in college. Dave wouldn’t accept that and taught himself what he needed to know, evolving into and truly amazing developer; he’s now playing a vital role in building Smarterer. His story isn’t uncommon–people transition hobbies into careers everyday–and our team is on a mission to make it possible for anyone, anywhere to prove any skill. With our additional capital, we’ll be continuing to develop a platform that enables every Dave Sturgis out there to validate their skills, no matter where they learned them.

From the entire Smarterer team, thank you for all of your input, ideas and support.  We envision a future where it’s easy for everyone to show what they know!

Jennifer Fremont-Smith, CEO

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