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October 13, 2011 03:30 pm GMT
In what is certainly one of the largest funding rounds of an education startup in recent years, Knewton closed a $33 million D round led by Founders Fund. (Another education startup also based in New York city, 2Tor, raised a $32.5 million series C earlier this year). Education publisher Pearson also invested, as well as existing investors Accel, Bessemer, and FirstMark. The valuation was easily north of $150 million. Like many education startups, Knewton got its toes wet with online test preparation (GMAT, LSAT, SAT). But it's real strength is in creating an adaptive learning algorithm which can be applied to any curriculum.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/l3-_nQv6gVI/
Founders Fund Leads $33 Million D Round In Learning Startup Knewton
In what is certainly one of the largest funding rounds of an education startup in recent years, Knewton closed a $33 million D round led by Founders Fund. (Another education startup also based in New York city, 2Tor, raised a $32.5 million series C earlier this year). Education publisher Pearson also invested, as well as existing investors Accel, Bessemer, and FirstMark. The valuation was easily north of $150 million. Like many education startups, Knewton got its toes wet with online test preparation (GMAT, LSAT, SAT). But it's real strength is in creating an adaptive learning algorithm which can be applied to any curriculum. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/l3-_nQv6gVI/
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