What is "novoed"

NovoEd is a for-profit educational technology company, founded by Stanford University professor Amin Saberi and PhD student Farnaz Ronaghi, that partners with universities, foundations, and corporations to offer massive open online courses ( MOOCs) as well as small private online courses (SPOCS). Launched originally as Venture Lab, it rebranded to its present name in 2013. Like many other online learning platforms, students view lecture videos online as individuals, but NovoEd's unique selling point is that students can collaborate in small teams and submit assignments with classmates around the world. The company claims to have found success and higher completion rate with this focus on collaboration.

Investors include Costanoa Venture Capital and Stanford University.