Moodlerooms raises new cash investment

Baltimore's Moodlerooms Inc. has raised $7.15 million in new equity investment as it continues to expand its business of providing online learning tools to high schools, colleges and universities.

The company disclosed the new investment in a filing with the Securities and Exchange Commission on Tuesday.

Moodlerooms, which has about 40 employees and more than 700 customers, plans to use the money for growth. The company said in April that it expects to hire 60 employees over 18 months. The company had previously raised about $2 million from investors.

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