Teachable.net closes seed round with four Angels

Teachers’ resource sharing site Teachable.net has closed a significant round of funding, apparently ahead of schedule, from four high-profile angel investors, including Chris Paterson and Ben Barton. Paterson was previously chairman of Macmillan Education and Barton worked at Rising Stars. Both have experience with offline content companies. The remaining two angels are Bill Liao, founder of XING and Divang Mistry, founder of CTN Communications. Liao is a significant addition given his XING pedigree.

Teachable.net wants to increase the range of services it offers teachers, including “proven, creative lesson resources”. In these days of smothering public sector bureaucracy, the site has the potential to become a brilliant resource for overworked teachers.

Teachable.net were advised through this round by Envestors LLP, a UK company which preps startups for Angel investment. (I like Envestors: they have a great, free resources section on their website to help entrepreneurs understand the basics of raising finance, and they describe themselves as “a jargon-free zone … if you’re looking for consultants who talk about “scope creep” or “bubble-mapping” you may be disappointed.”)

Similar products to Teachable.net include TeacherTube.