Tech Company Financing Transactions
Formative Funding Round
Formative, operating out of Santa Monica, secured $70 million from Summit Partners, Emerson Collective and Fika Ventures.
Transaction Overview
Company Name
Announced On
6/16/2021
Transaction Type
Venture Equity
Amount
$70,000,000
Round
Undisclosed
Investors
Summit Partners (Lead Investor) (Thomas Jennings)
Proceeds Purpose
The investment will further fuel Formative's product enhancement efforts, increase teacher and administrator support and expand the company's international reach.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
1158 26th St. 161
Santa Monica, CA 90403
USA
Santa Monica, CA 90403
USA
Phone
Undisclosed
Website
Email Address
Overview
Formative is a web-based student response platform that allows teachers to give live assignments to students, enabling instant teaching adjustments and long-term student growth tracking. Teachers use Formative to see student work in real-time, give feedback, track student progress to learning standards and collaborate around common assessment data.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Craig Jones
Chief Operating Officer
Kevin McFarland
VP - Administration
Sana Gabula
VP - Operations
Nicole Stewart
VP - Sales
Michael Farnes
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