Knewton Secures $33,000,000 Series D Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60d0de8c-d03d-4f18-8ad9-119440c3edd5&Preview=1 -
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
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Venture Investor
Founders Fund -
Venture Investor
Accel Partners -
Venture Investor
Bessemer Venture Partners -
Venture Investor
FirstMark Capital
