Academic Social Network Raises Cash From Former Facebook Exec and Others

New York-based Coursekit, a social network for instructors to manage courses and interact with students, has raised $5 million in a first round. The round was led by Social+Capital Partnership, a firm started by former Facebook executive Chamath Palihapitiya. Existing investor IA Ventures and new angel investors also participated. Coursekit, which became available in November, was founded by Joseph Cohen, 20, and two other undergraduate students at University of Pennsylvania.