DreamBox Learning, a Bellevue, Washington-based edtech company, received a $130m investment from The Rise Fund.
The Rise Fund, a global impact investing fund managed by TPG Growth, made this majority investment. In conjunction with the funding, Arne Duncan, former U.S. Education Secretary and senior education advisor to The Rise Fund, will join DreamBox’s Board of Directors.
The company will use the funds to continue to expand to further accelerate growth and innovation, accelerate product development while expanding sales, marketing, and operations capabilities.
Founded in 2006 by Jessie Woolley-Wilson, president and CEO, DreamBox provides a K-8 digital math program that dynamically adapts and differentiates in real time based on students’ answers and also on how they solve problems. Along with actionable reporting and tools that enable differentiation for all learners, DreamBox gives teachers content-specific professional development and provides administrators with insights about how all students are progressing.
It is available for PC and iPad and used by nearly 3 million students and 120,000 teachers in every state in the U.S., including the District of Columbia, and throughout Canada.
The company has also recently expanded into Mexico with a Spanish-language version of the platform.