AltSchool Raises $100M in Funding

AltSchool_LogoAltSchool, a San Francisco, CA-based company that is building a network of micro-schools that offer personalized, child-centered learning experiences, raised $100m in funding.

The round, which also included a new debt facility to fund school expansion, was led by Founders Fund and Andreessen Horowitz with participation from Mark Zuckerberg, Priscilla Chan’s donor-advised fund at Silicon Valley Community Foundation, Emerson Collective, First Round Capital, Learn Capital, John Doerr, Harrison Metal, Jonathan Sackler, Omidyar Network and Adrian Aoun.

The company intends to use the funds to open more schools in existing and new markets, hire talent towards its mission, develop new tools and functionality for its platform and begin to bring its technology to other schools nationwide.

Founded in 2013 by Max Ventilla, AltSchool is building a network of micro-schools that offer personalized, child-centered learning experiences.¬†AltSchools are small by design and the team takes a growth-centered approach, continually collecting and iterating on feedback from its community of teachers, students and parents. The tech platform enables teachers to deliver personalized learning plans, custom-made lesson plans for each child that combine student interests, parental priorities and specific tasks educators feel will prepare each child to succeed.¬†The company’s platform is not limited to academics but works as a central operating system to handle everything from admissions to student assessment, from parent communication to classroom supply procurement. In the coming year, it will start trial programs with select schools nationwide.

AltSchool has 115 employees.

FinSMEs

04/05/2015

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