social ventures

Social Venture Partners provides $20K to Metryx

COURTESY METRYX
SOCIAL VENTURE PARTNERS of Rhode Island has awarded a $20,000 loan to education software maker Metryx.
Posted 4/18/13

PROVIDENCE – Social Venture Partners of Rhode Island provided a $20,000 loan to Metryx LLC, “further strengthening the collaboration between these two organizations,” said SVPRI in a release.

The $20,000 loan is slated to be used to support Metryx’s expansion to a school-wide enterprise version of its current classroom formative assessment software by the start of the 2013-2014 school year in September.

Currently, Metryx’s free individual teacher Web version is used by 600 teachers in the United States and in some international markets.

The $20,000 in SVPRI funding will “enable Metryx to transform classroom and school-wide instruction by putting real-time analytics in the hands of teachers and administrations,” according to a release.

In a release, Diane Lynch, SVPRI partner and member of the group’s loan committee, called the Metryx team “incredibly talented social entrepreneurs.” The release added that the products are “potential game changers in the field of education.”

Metryx’s software lets teachers “track, analyze and differentiate” students across a number of customizable skill sets, according to a release. Using the Metryx system, teachers can identify skills to be monitored while individually tracking students as they perform various classroom activities.

The software is described as “especially useful” for project-based learning, skills demonstration and other activities where multiple-choice assessment data can’t be used to measure student progress.

Metryx CEO Shawn Rubin, who came up with the idea for Metryx as a kindergarten teacher at the Highlander Charter School, said that Social Venture Partners’ help was “critical” in helping transform the company from an idea to a product.

SVPRI mentors helped Rubin and his co-founder, Stephanie Castilla, create their first business plan and worked to launch Metryx as a for-profit social venture.

Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement