Knewton Obtains $51,000,000 New Funding

  • Feed Type
  • Date
    12/20/2013
  • Company Name
    Knewton
  • Mailing Address
    100 5th Avenue New York, NY 10011
  • 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
    Debt, Venture Equity
  • Transaction Amount
    $51,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Knewton will use this capital to invest significantly in product enhancements and international growth.
  • M&A Terms
  • Venture Investor
    Atomico Ventures
  • Venture Investor
    GSV Capital
  • Venture Investor
    Accel Partners
  • Venture Investor
    Bessemer Venture Partners
  • Venture Investor
    First Round Capital
  • Venture Investor
    FirstMark Capital
  • Venture Investor
    Founders Fund
  • Venture Investor
    Silicon Valley Bank

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