Want to keep the TNW Conference vibe going?? Tickets for TNW2022 are available now >>

The heart of tech

This article was published on July 24, 2013

    Class notes marketplace Flashnotes raises $1.5 million and acquires competitor NoteUtopia

    Class notes marketplace Flashnotes raises $1.5 million and acquires competitor NoteUtopia Image by: Digital Vision.
    Josh Ong
    Story by

    Josh Ong

    Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him a Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him at [email protected].

    University course material marketplace Flashnotes has completed a $1.5 million extension of its seed round and acquired rival NoteUtopia as it seeks to grow its footprint on the US West coast.

    Boston Seed Capital’s Nicole Stata came on board as a new investor alongside Atlas Venture’s Ryan Moore, Softbank Capital’s Jordan Levy and angel investors Deborah Quazzo, Jere Doyle and Bob Mason. Flashnotes raised $1.8 million in seed funding last fall.

    Since Flashnotes is based in Boston and NoteUtopia is out of California, the merger should result in a national service with wider coverage of universities and their courses. The two companies expect to have completed their integration by the beginning of this fall.

    Flashnotes fills an interesting niche in the education space, allowing students to crowdsource their education while also providing monetary incentives to the most diligent notetakers. The startup takes as much as a 30 percent cut (up from 20 percent previously) of the sale.

    During my university days, I got paid to take notes as part of a school-sponsored program. As a modern, third-party take on the service, Flashnotes should be a welcome option for students, be they buyers or sellers.

    Image credit: Digital Vision