Silverback secures $2.5 million angel investment

Kevin Richert | 06/13/2013

Boise-based Silverback Learning Solutions is $2.5 million richer.

On Wednesday, the company said it has received angel financing to expand Mileposts — a software system that tracks student growth and performance.

Silverback CEO Jim Lewis says the $2.5 million in angel money represents the “next funding round” for the fledgling company — which hopes to use the capital to expand Mileposts’ market share.

Developed in the Blaine County School District about a decade ago, during Lewis’ tenure as district superintendent, Mileposts is now used in about 80 school districts in 13 states. In Idaho, 34 districts use Mileposts, opting to pay for this system even as the state is piloting the Schoolnet software system, which is free for districts to use.

For more about Silverback, here’s a link to our recent profile of the company.

Kevin Richert

Senior reporter and blogger Kevin Richert specializes in education politics and education policy. He has more than 30 years of experience in Idaho journalism. He is a frequent guest on "Idaho Reports" on Idaho Public Television and "Idaho Matters" on Boise State Public Radio. Follow Kevin on Twitter: @KevinRichert. He can be reached at [email protected]