East Nashville-based LiveSchool announced today it will expand its real-time behavior tracking application this year courtesy of $1.65 million it secured through an equity offering.

Nashville Capital Network and its affiliated Tennessee Angel Fund provided most of the capital. Other investors include Solidus (an investor in the Post parent company, SouthComm Inc.); Rick Theobald, former COO at KIPP Nashville; and Steve Butler, technology executive and a former board member at STEM Prep Academy in Nashville.

"The beauty of this product is that it is incredibly simple but it has a tremendous impact on classroom management," Chase Perry, NCN director, said in a release. "We interviewed teachers and administrators who use LiveSchool and most of them had tried other methods for solving this problem."

Matt Rubinstein, LiveSchool CEO/founder and a former teacher at KIPP Academy Nashville, tapped his early programming experience to build LiveSchool's prototype.

KIPP is one of nine Nashville schools or education entities already using LiveSchool, as is the Achievement School District. In the last eight months, use of LiveSchool’s behavior tracking software has increased from three to 45 schools.