United States · Venture startup

Who invested in StudyBlue

7 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Edtech

Funding summaryUpdated 5 Nov 2026

$22Mraised across 7 rounds since 2009, from 7 sources

$9.0MSeries A
Latest round
Venture, $2.2MDec 2014
Biggest round
$9.0MSeries A · Jan 2013
Step-upi
1.3×
Investors
2
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20102011201220132014
$2.2MVenture$626KDebt$3.6MSeries A$3.0MVenture$9.0MSeries A$1.7MVenture$2.2MVenture
First round
Venture, $2.2M
Jun 2009
Biggest round
$9.0M
Series A · Jan 2013
Usual gap between rounds
12 months
the median of 6

The rounds

  1. Dec 2014
    Venture$2.2M

    No investor was named in the report.

    From a historical funding recordSEC filing: $2.2M sold, first sale Jun 2014

  2. Jun 2014
    Venture$1.7M1 new1 returning

    From a historical funding recordSEC filing: $1.7M sold, first sale Jun 2014

  3. Jan 2013
    Series A$9.0M1 new

    Reported by techcrunch.comSEC filing: $9.3M sold, first sale Dec 2012

  4. Jan 2012
    Venture$3.0M

    No investor was named in the report.

    Reported by sec.govSEC filing: $3.0M sold, first sale Aug 2011

  5. Oct 2010
    Series A$3.6M

    No investor was named in the report.

    Reported by techcrunch.comSEC filing: $3.6M sold, first sale Sept 2010

  6. Jan 2010
    Debt$626K

    No investor was named in the report.

    Reported by sec.govSEC filing: $626K sold, first sale Dec 2009

  7. Jun 2009
    Venture$2.2M

    No investor was named in the report.

    Reported by sec.govSEC filing: $2.2M sold, first sale May 2009

Funding filed with regulators

StudyBlue filed 7 raises, $23M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. May 2016$1.9M18 investorsdebt, options, securities on exerciseSEC Form D
  2. Jun 2014$2.2M31 investorsequitySEC Form D
  3. Dec 2012$9.3M28 investorsequitySEC Form D
  4. Aug 2011$3.0M23 investorsequity, optionsSEC Form D
  5. Sept 2010$3.6M24 investorsequitySEC Form D
  6. Dec 2009$626K20 investorsdebtof $1.0M offeredSEC Form D
  7. May 2009$2.2M20 investorsequityof $2.4M offeredSEC Form D

Founders and team

From the SEC filings it signed: 1 founder, 3 on the team.

Christopher Martin KlundtFounderNamed on its 2017 Form Di
  • Brad Duncan BenzExecutive Officeri
  • Kelly Duncan GilleaseExecutive Officeri
  • Rebecca Ann SplittExecutive Officer, Directori

On the board, as filediJohn Duncan WileyStephen Charles WallmanWilliam N. Thorndike

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Venture2009Debt2010Series A2010Venture2012Series A2013Venture2014Venture2014Great Oaks Venture CapitalWisconsin Alumni Research Foundation

Everyone who backed them

Missing a round, or an investor who was in one? Tell us.

Quick answers about StudyBlue

Who invested in StudyBlue?

StudyBlue's investors include Great Oaks Venture Capital and Wisconsin Alumni Research Foundation.

How much has StudyBlue raised?

StudyBlue has raised $22M across 7 rounds since 2009.

When did StudyBlue last raise?

StudyBlue's most recent round was a Venture of $2.2M in Dec 2014.

What was StudyBlue's biggest round?

StudyBlue's largest round on record is $9.0M (Series A), in Jan 2013.

Who backed StudyBlue first?

StudyBlue's first round on record, in Jan 2013, was backed by Great Oaks Venture Capital.

What stage is StudyBlue at?

StudyBlue's latest named round is a Venture, in Dec 2014.

Where is StudyBlue based?

StudyBlue is based in the United States.

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