Inigral Receives Program-Related Investment from the Bill & Melinda Gates Foundation

SAN FRANCISCO — Inigral Inc. announced today that the Bill & Melinda Gates Foundation has made a $2 million program-related investment (PRI) in the education technology company. The foundation joins existing investors, Retro Venture Partners and Founders Fund, in $4 million new Series B equity financing.

The new investment provides capital for Inigral to further develop and market its education-focused social media technology product, the Schools App, built on Facebook Platform. It also marks the first direct equity investment by the Gates Foundation in a for-profit company as part of its charitable mission.

To read the full press release, visit the Inigral web site.