Knewton Secures $33,000,000 Series D Round

  • Feed Type
  • Date
    10/13/2011
  • Company Name
    Knewton
  • Mailing Address
    19 Union Sq. W. New York, NY 10003
  • 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
    $33,000,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    It plans to expand throughout both higher education and K-12 in partnership with schools and education publishers. The company also wants to open up its APIs so that publishers can plug in their electronic textbooks and coursework to Knewton’s technology platform, and eventually create a marketplace for adaptive learning apps and courses.
  • M&A Terms
  • Venture Investor
    Founders Fund
  • Venture Investor
    Accel Partners
  • Venture Investor
    Bessemer Venture Partners
  • Venture Investor
    FirstMark Capital

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