Buzz Article:
Latest Deal Terms for School Loop, Inc.

by Justin Byers, Business Intelligence Analyst, 6/3/2010

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It is the end of the school year for many, so this week we are going to take a look at a company that has developed a service that can save teachers time and help keep students on track. The company is School Loop, Inc, and they recently raised a new round of financing.

School Loop, Inc. is headquartered in San Francisco, California. The company provides a Learning Management System that allows all of the adults that have an educational interest in a student's success to be grouped together as a Learning Management Team where they can monitor trends in that particular student's activity and help keep them on track. The system is currently being utilized by almost 2000 schools throughout the U.S. The company recently closed a Series C round of financing, bringing in approximately $1.25 MM. Participating in this recent round were Meritech Capital Partners and Acadia Woods Partners LLC. The Deal Terms for this latest round were:

• Filing Date: 03/08/2010
• Liquidation Preference: Senior
• Round of Financing: Series C Preferred
• Round Direction: Flat
• Multiple of the Liquidation Preference: 1x
• Type of Preferred Stock: Participating Preferred
• Participation Cap: Yes/1.5x
• Anti-Dilution Protection: Weighted Average
• Redemption Clause: Yes
• Pay-to-Play Provisions: No
• Cumulative Dividends: No
• Dividend Rate: 8%
• Price Per Share: $.2815
• Total Amount Raised in Current Round: $1.25 MM
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