Knewton, a New York-based an online education company, raised $51m in funding.
The round was led by Atomico with participation from GSV Capital, Accel Partners, Bessemer Venture Partners, First Round Capital, FirstMark Capital and Founders Fund. Silicon Valley Bank provided debt financing.
The company intends to use the funds to invest in product enhancements and international growth.
Founded in 2008 by Jose Ferreira, Knewton has developed a platform for schools, publishers, and developers to personalize educational content. The solution analyzes data about the performance of each and similar students on the platform, as well as the relevance of the educational content in order to provide the best learning or assessment activity for each student at a particular moment in time.
The company is hiring.
FinSMEs
22/12/2013