BALTIMORE, MD – Moodlerooms Inc., which sells a learning management platform, has raised $450,000 in a mixed offering targeted at $750,000, according to a regulatory filing.

We noticed in the filing with the U.S. Securities and Exchange Commission that Frank Bonsal III, partner with New Markets Venture Partners, is listed as a principal.

The offering includes equity, debt and mixed securities.

Moodlerooms was founded in 2005 by former teachers Tom Murdock, Sheila Gatling and Gina Russell-Stevens. Its course management system, is based on the open source Moodle system, a free Web application that teachers use to create online learning sites.

As a former teacher, we think the increasing use of technology by educators is overdue. The Potomac region is something of a hotbed for education tech. Industry giant Blackboard is located in DC and numerous startups have evolved there.

The company’s Web site says it is the largest Moodle partner in the world and it has doubled in size from 2008 to 2009 while increasing revenue 100 percent since inception. Its joule product adds features such as reports, notifications, automated administration and content management to Moodle.

Moodlerooms CEO Martin G. Knott,  Thomas J. Murdock, president and co-founder and Stephen A. Hoffman are the other principals cited in the filing.

Online: www.moodlerooms.com

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Tags: learning management platform, Moodle, Moodlerooms funding