DreamBox Learning, a Bellevue, Washington-based edtech company, closed $14.5m in Series A1 financing.
The round was led by Reed Hastings (Netflix CEO), through the Charter School Growth Fund, with participation from John Doerr and Deborah Quazzo, two Seattle education philanthropists and GSV Capital Corp. (NASDAQ: GSVC).
The company intends to use the funds for product development and scaling business operations. It will advance development of its Intelligent Adaptive Learning™ platform and add additional grade coverage to its PreK-5 math product, including a middle school intervention offering. In addition, DreamBox Learning will expand direct sales and marketing operations and increase resources to support its district-level clients.
Founded in 2006 and led by Jessie Woolley-Wilson, President and CEO, DreamBox Learning has developed a learning math instructional technology, which provides a personalized learning experience designed to differentiate content, pace, and sequence. The product features more than 1,300 PreK-5 interactive and adaptive lessons and virtual manipulatives aligned with Common Core State Standards.
It is available on the PC and iOS tablets.
07/12/2011: DreamBox Learning Closes $11M Funding Round