Knewton Completes $12.5M Financing

Knewton, a NY-based educational technology company, has completed a $12.5m round of funding led by FirstMark Capital, a New York City-based venture capital firm.
Returning investors include Accel Partners, Bessemer Venture Partners, First Round Capital, and angel investor Reid Hoffman.
This new financing will enable the company to accelerate its online test preparation services and to launch its revolutionary adaptive learning platform engine, which uses proprietary algorithms to identify and address each student’s unique needs.

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