Education Start-Up Focused on Making Flashcards Mobile Raises $9 Million

StudyBlue, which has more than 2.5 million students using its free apps to create flashcards and quizzes, has raised $9 million in a first round. Great Oaks Venture Capital led the round, with participation from the Wisconsin Alumni Research Foundation. The Madison, Wis.-based company was founded three years ago by Chris Klundt while he was at University of Wisconsin at Madison.