Follett Corp has made its first investment from its venture fund Follett Knowledge Fund at a undisclosed amount. The textbook seller has backed California startup ShowEvidence, according to Crain's Chicago Business.
Follett Chief Executive Officer (CEO) Mary Lee Schneider said of the startup: "ShowEvidence has created a cloud-based platform that helps schools embed digital-learning materials within curriculum and assessment programs, and to score student work against state standards."
According to Broadway World, ShowEvidence's software provides an easier and automated scoring system for student, teacher, and employee performance. The solution uses evidence such as essays, projects, and the like to evaluate the subject's competency, the report explained.
Follett is a company involved in the business of textbook and other educational materials. With the rising ubiquity of online learning materials, the firm is now undergoing a period of transition from the typical textbooks, Crain's Chicago Business reported.
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