Five Sigma acquires stake in EdTech platform ClassDojo to enhance global classroom software solutions

Five Sigma, a dedicated EdTech growth fund, has recently acquired a stake in ClassDojo, a leading provider of classroom software based in San Francisco.

Peter Mobbs, Managing Partner of Five Sigma, commented on the investment, highlighting ClassDojo's strong market position: 

“ClassDojo’s classroom software is market-leading globally, has a cult-like following amongst students and an ethical sales model that makes is free for most users.” 

ClassDojo is heavily used in the UK, with over 70% of schools having accessed and used ClassDojo. With an extensive user base of approximately 50 million, primarily under the age of 13, ClassDojo is utilised in around 90% of U.S. schools and across 180 countries worldwide. 

The platform has developed revenue streams through a "Plus" subscription model for parents, offering additional premium paid-for features, and has recently introduced a tutoring service. 

Additionally, ClassDojo is exploring further monetisation avenues, including gaming options like the Monsterverse, which is currently in beta testing.

Five Sigma is led by Sydney-based Peter Mobbs and Boston-based Boris Groysberg, a Harvard Business School Professor.

Details regarding the investment's valuation remain undisclosed, with the transaction being made through a secondary market purchase.