Tech Company Financing Transactions
Knewton Funding Round
On 10/13/2011, Knewton secured $33 million in Series D funding from Founders Fund, Accel Partners and Bessemer Venture Partners.
Transaction Overview
Company Name
Announced On
10/13/2011
Transaction Type
Venture Equity
Amount
$33,000,000
Round
Series D
Investors
Founders Fund (Lead Investor) (Luke Nosek)
Accel Partners (Simon Levene)
Bessemer Venture Partners (Trevor Oelschig)
FirstMark Capital (Amish Jani)
Proceeds Purpose
It plans to expand throughout both higher education and K-12 in partnership with schools and education publishers. The company also wants to open up its APIs so that publishers can plug in their electronic textbooks and coursework to Knewton's technology platform, and eventually create a marketplace for adaptive learning apps and courses.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
100 5th Ave.
New York, NY 10011
USA
New York, NY 10011
USA
Phone
Website
Email Address
Overview
Knewton has developed the industry's most powerful adaptive learning engine, customizing educational content to meet the needs of each student.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brian Kibby
Chief Financial Officer
Jennifer Grunebaum
Chief Technical Officer
Erion Hasanbelliu
Founder
Jose Ferreira
Vice President
Jason Jordan
VP - General Counsel
Michael Chapin
VP - Human Resources
Tanya Livingstone
VP - Product Management
Douglas Hughes
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Where The Data Comes From
We document every notable VC transaction. VC transactions reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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