Revolution Prep, a Santa Monica, CA-based educational software and services company, completed a $15m first financing.
The round was led by Kennet Partners, a technology growth equity investor.
In conjunction with the funding, Javier Rojas, Managing Director at Kennet, will join the company’s board.
Launched in 2002 by founders Ramit Varma and Jake Neuberg, Revolution Prep operates two primary divisions:
– Test Prep which currently focuses on SAT and ACT courses and private tutoring,
– K12 Software which provides Algebra Support and English Language Arts as well as state-adopted web-based programs to prepare students for high school exit exams with market leadership in California.
The company, which completed its first acquisition, Ivy Insiders, in June 2010, offers programs in real classroom settings, live online classroom settings, private in-person tutoring, private online tutoring, self-guided online courses, and hybrid courses that combine real classroom courses with in-person tutoring and the self-guided online course.