MK Capital Fires up eSpark

ESpark, the iPad enabled student companion, has landed a new investment from MK Capital, the VC with offices in California and Chicago. eSpark is also based in Chicago. Specifics of the deal were not publicized.

PRESS RELEASE:

CHICAGO, Sep 05, 2012 — MK Capital announces its investment in eSpark , a leader in providing iPad enabled individualized student learning plans. eSpark has great marketplace traction due to its solution’s proven efficacy in increasing student performance. The Company is well positioned given educator’s explosive interest in deploying iPads in the classroom.
“eSpark enables innovative schools to use iPads to raise student achievement by providing individualized instruction to every student. Our results to date have been highly rewarding and our customers are our greatest advocates” said David Vinca, eSpark’s Founder and CEO.
“eSpark’s ability to deliver personalized learning in such an interactive manner creates a highly impactful classroom solution. Its ease of use for both the teachers and students, coupled with quantifiable achievement results, provides real value to schools.” said Karen Buckner, partner at MK Capital. “MK Capital is excited to be on board during such an exciting growth period.”
This capital raise will help drive national expansion. “We are excited to have Karen join our board of directors and believe she will add unique insights as we scale our business.” said Vinca.
About eSpark
eSpark ( www.esparklearning.com ) works to change the way students learn by using fun, targeted educational iPad applications and data-driven assessments to create personalized curriculum targeted to students’ learning needs. eSpark partners with classroom teachers to identify student goals aligned to Common Core State Standards. After 8 weeks using eSpark, students typically grow 1.4 grade levels in their goal area.
About MK Capital
MK Capital ( www.mkcapital.com ) is an established venture capital firm with offices in Chicago and Santa Monica. The Firm offers venture capital and multi-stage growth equity to companies in the Education Technology, Digital Media and Software/SAAS sectors. As a member of the MK Capital portfolio, companies have access to an experienced partner with extensive operating experience. MK Capital plays a significant role with its companies, collaborating on strategy, operations, and technology as active members of the companies’ boards, leveraging insights from a strong understanding of industry sectors to help their portfolio companies’ growth.