Knewton Receives $12,500,000 Series C Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c5af292d-3738-4e92-8a9c-62c62a395762&Preview=1 -
Date
4/19/2010 -
Company Name
Knewton -
Mailing Address
95 Morton Street Ground Fl. New York, NY 10014 -
Company Description
Knewton has developed the industry’s most powerful adaptive learning engine, customizing educational content to meet the needs of each student. Whereas traditional classrooms and textbooks provide the same material to every student, Knewton dynamically matches lessons, videos, and practice problems to each student’s ideal learning arc. -
Website
http://www.knewton.com -
Transaction Type
Venture Equity -
Transaction Amount
$12,500,000 -
Transaction Round
Series C -
Proceeds Purposes
Knewton’s new financing will accelerate expansion to meet the surging demand for its adaptive learning engine, which uses proprietary algorithms to identify and address each student’s unique needs. -
M&A Terms
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Venture Investor
FirstMark Capital -
Venture Investor
Accel Partners -
Venture Investor
Bessemer Venture Partners -
Venture Investor
First Round Capital -
Venture Investor
Undisclosed
