Newsela Secures $15,000,000 Series B Funding Round

  • Feed Type
  • Date
    10/6/2015
  • Company Name
    Newsela
  • Mailing Address
    46 Ingram Street Forest Hills, NY 11375 USA
  • Company Description
    Newsela is an education technology startup dedicated to transforming the way learners access the world through words. The founding team members combine powerful technological know-how with real-world experience earned in the classroom, the newsroom, and the boardroom.
  • Website
    http://www.newsela.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $15,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Newsela will use these funds to accelerate its machine learning capabilities and expand its footprint to help more teachers, students and school districts with the most effective literacy learning tools, while also helping to get students more engaged with what they’re learning.
  • M&A Terms
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    Investor
  • Venture Investor
    Women’s Venture Capital Fund
  • Venture Investor
    John S. and James L. Knight Foundation
  • Venture Investor
    Owl Ventures

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