DreamBox Learning, a Bellevue, Washington-based company that has developed an Intelligent Adaptive Learning™ Platform, has closed an $11m funding round.
The investment was led by Netflix CEO Reed Hastings, who will invest through the Charter School Growth Fund, and venture capitalist John Doerr, with participation from GSV Capital Corp. (NASDAQ: GSVC) and existing backer Deborah Quazzo.
The company intends to use the funds for curriculum expansion, product development, and distribution and adoption increase.
Founded in 2006, acquired in April 2010 by the Charter Fund in partnership with Reed Hastings, and led by CEO Jessie Woolley-Wilson, DreamBox Learning provides an intelligent adaptive technology that captures mouse clicks to personalize math learning and adapts it to any student.
DreamBox Learning Math targets elementary students and is currently in use in all 50 states.