Knowledge Adventure Obtains $5,000,000 Series B Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af0d52d4-5390-460b-998a-4afd2ca6fd28&Preview=1
Date
8/11/2008
Company Name
Knowledge Adventure
Mailing Address
2377 Crenshaw Blvd Torrance, CA 90501
Company Description
Knowledge Adventure is a leader in developing, publishing and distributing award-winning, multimedia educational software for use in both schools and homes. The company is internationally renowned for its Math Blaster®, Reading Blaster™, and JumpStart Learning System™ brands, as well as other innovative multimedia titles for students of all ages. With nearly 100 titles in a wide range of subjects, Knowledge Adventure is one of the largest educational software groups in the world. A subsidiary of Knowledge Holdings, Inc., the company is based in Los Angeles.
Website
http://www.knowledgeadventure.com
Transaction Type
Venture Equity
Transaction Amount
$5,000,000
Transaction Round
Series B
Proceeds Purposes
The funds will allow the creation and support of a new team of people who will develop and produce the 3D virtual world online environment.
M&A Terms
Venture Investor
Azure Capital Partners
Venture Investor
Telesoft Partners