Knewton Receives $12,500,000 Series C Financing

  • Feed Type
  • 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
  • Venture Investor
    FirstMark Capital
  • Venture Investor
    Accel Partners
  • Venture Investor
    Bessemer Venture Partners
  • Venture Investor
    First Round Capital
  • Venture Investor
    Undisclosed

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