Boca Raton, Fla ; 03/19/2020
Amount Funded: $11.5 Million
Type: Series A
Lead Investor: Defy Partners
Participating Investor(s): Not Listed
Company Description: Honorlock is revolutionizing the way education institutions protect academic integrity in online courses and assessments. Used by three of the 10 largest universities in the US, Honorlock’s proprietary features provide educators with the assurance that their test is protected, and students with the flexibility of proctored exams whenever and wherever they need it
What funding will be used for: Accelerate Honorlock’s growth, technology, expansion into new markets.
“We are energized by the growth we’ve experienced this past year and have ambitious plans to accelerate it. With the influx of capital and the power and expertise of both our board of directors and tech advisory board, we are uniquely positioned to deliver extreme value to our clients.”
-Michael Hemlepp, CEO, Honorlock
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