Schoology, the leading cloud-based collaborative learning platform for K-20 classrooms, has announced that it has raised $6 million in financing led by FirstMark Capital, a leading NYC-based venture capital firm with a history of successful investments in online, software and education businesses, and joined by existing investor Meakem Becker Venture Capital. Schoology has raised $9.3 million in funding to date.

Its truly amazing that an industry with very little funding and attention has captured the minds of web app developers around the globe. Students, a demographic with no buying power, are not an ideal customer for a startup, but thanks to the cloud, developers are now able to deliver powerful educational experience at little to no cost.