Chalk Raises $500,000 from Prominent Canadian Entrepreneurs today announced a funding round led by MaRS Investment Acceleration Fund with participation from BDC Capital, Ryan Holmes of Hootsuite, and John Baker of Desire2Learn.

Used in 20,000 schools worldwide, Chalk solves the problems of lesson planning, assessment, and collaboration for teachers. The Canadian startup is led by Forbes 2015 Top 30 Under 30 entrepreneur William Zhou and a team of 11.

Quoth Chalk:

The current educational system is designed around a factory model and stuck in an era dominated by manufacturing. wants to bring education into the post-industrial era. Technology is giving students the ability to learn based on their own interests and pursue their own passions. gives teachers the tools they need to bring more personalized learning to their students.

“The funding is a great vote of confidence in’s vision for more personalization in the classroom,” states Zhou, “and we plan to use this funding to invest even more heavily in ensuring the success of our customers and to further accelerate our growth.” was the recipient of the 2012 Velocity Fund Finals, the third cohort to receive funding from the University of Waterloo.