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Club Penguin Founder Lane Merrifield Raises $4.3 Million for FreshGrade

Club Penguin founder Lane Merrifield has secured $4.3 million in seed funding for his new venture, FreshGrade. The technology seeks to give parents a better window into their child’s academic performance, and give teachers new tools to assess each student’s performance. FreshGrade received backing from NewSchools Venture Fund, Emerson Collective, Accel Partners and Social Capital.

This article originally appeared on Recode.net.