Accelerate Learning, a Houston, TX-based edtech company, raised $10m in Series A funding.
Owl Ventures made the investment joining Rice Management Company, the steward of the Rice University endowment, the sole investor in the company prior to this round of funding. In conjunction with the funding, Tory Patterson, managing director at Owl Ventures, joined Accelerate Learning’s Board of Directors.
The company intends to use the funds to grow internationally, and to develop enhancements and additions the product portfolio.
Founded in 2013 at Rice University and led by Vernon Johnson, CEO, Accelerate Learning is a provider of digital resources for preK-12 Science, Technology, Engineering, and Mathematics (STEM) education. Its STEMscopes is a comprehensive science curriculum that provides teacher and student digital resources, supplemental print materials, and hands-on exploration kits that build student engagement and excitement. The product is now used by nearly 6,000 schools in 35 states across the country.
FinSMEs
24/05/2016