Tech Company Financing Transactions
Newsela Funding Round
On 3/1/2021, Newsela raised $100 million in Series D funding from Franklin Templeton, TCV and Chan Zuckerberg Initiative.
Transaction Overview
Company Name
Announced On
3/1/2021
Transaction Type
Venture Equity
Amount
$100,000,000
Round
Series D
Investors
Franklin Templeton (Lead Investor) (Chris Anderson)
TCV (Lead Investor) (Woody Marshall)
Proceeds Purpose
Newsela will use these additional funds to build and acquire features and content that help teachers plan and execute more effective lessons, advance the digitization of K-12 classrooms, and accelerate its rapidly expanding customer base.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
46 Ingram St.
Forest Hills, NY 11375
USA
Forest Hills, NY 11375
USA
Phone
Undisclosed
Website
Email Address
Overview
Newsela is an education technology startup dedicated to transforming the way learners access the world through words. The founding team members combine powerful technological know-how with real-world experience earned in the classroom, the newsroom, and the boardroom.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Matthew Gross
Chief Marketing Officer
Adriel Sanchez
Chief Operating Officer
Jennifer Coogan
Chief Technical Officer
Derrick Ware
Co-Founder
Dan Cogan-Drew
VP - Customer Service
Chris Mezzatesta
VP - Customer Service
Jennifer Ruth
VP - Human Resources
Eric Bacolas
VP - Product Management
Shiren Vijiasingam
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