Mark Zuckerberg, Priscilla Chan Invest $5 Million in MasteryConnect

Facebook co-founder and CEO Mark Zuckerberg continued his trend of investing in education technology companies, with MasteryConnect the latest to join the list.

Facebook co-founder and CEO Mark Zuckerberg continued his trend of investing in education technology companies, with MasteryConnect the latest to join the list.

MasteryConnect announced that Zuckerberg and his wife, Priscilla Chan, invested $5 million in the company, extending its $15.2 million series-B funding round and bringing its private funding total to $29 million.

Facebook announced earlier this month that “a small team” of engineers from the social network has been assisting Summit Public Schools in California with its personalized learning initiative.

Zuckerberg and Chan committed $120 million to schools in the San Francisco Bay area last year and contributed to a recent funding round by AltSchool.

Zuckerberg also donated nearly $100 million to Newark Schools in New Jersey in 2010.

MasteryConnect creates competency-based learning solutions and technology tools that help teachers plan, teach and measure student progress in order to improve learning outcomes, and CEO Cory Reid said in a release announcing the investment:

We’re grateful for the support of prominent innovators like Mark and Priscilla. The impact of teachers personalizing learning for students is immediate and life-changing. MasteryConnect is establishing itself as a leader in competency-based education solutions, and we’re excited to use this funding to further invest in the development of our platform and to continue providing these solutions to educators.

Readers: What do you think of the latest investment by Zuckerberg and Chan?

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