Tech Company Financing Transactions

MagicSchool AI Funding Round

On 6/28/2024, MagicSchool AI raised $15 million in Series A investment from Bain Capital Ventures, Adobe Ventures and Common Sense Fund.

Transaction Overview

Company Name
Announced On
6/28/2024
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to support the development of more use cases for AI in education. MagicSchool AI will continue to expand tools available to teachers and students, as well as grow headcount.

Company Information

Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
4845 Pearl East Cir. PMB 83961 118
Boulder, CO 80301
USA
Phone
Undisclosed
Email Address
Overview
More than four in ten K-12 teachers in the U.S. (44%) say they "always" or "very often" feel burnt out at work--outpacing all other industries nationally. At the core of teaching is interacting with a child to help them grow--a deeply human, demanding, and complex responsibility. But today, teaching requires an unreasonable amount of work behind the scenes, much of it repetitive and tedious.
Profile
MagicSchool AI LinkedIn Company Profile
Social Media
MagicSchool AI Company Twitter Account
Company News
MagicSchool AI News
Facebook
MagicSchool AI on Facebook
YouTube
MagicSchool AI on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Adeel Khan
  Adeel Khan LinkedIn Profile  Adeel Khan Twitter Account  Adeel Khan News  Adeel Khan on Facebook


 

 

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