Evergreen Coast Capital will take a majority stake in Dreambox Learning

Dreambox Learning, a leading K-12 education technology provider that has taken the lead in intelligent adaptive learning and Evergreen Coast Capital Corporation, a private equity firm investing in the technology sector, has signed an agreement to acquire a majority stake in Dreambox. An undisclosed amount.

According to a press statement, TPG’s The Rise Fund will retain a significant minority stake and continue to be represented on the company’s board of directors.

Dreambox Learning is a leading K-12 learning technology provider that aims to radically change the way the world learns. It offers schools the only double-disciplinary software solution rated “strong” by Johns Hopkins’ EvidenceforESSA.org in both math and reading. DreamBox provides schools with high-quality adaptive learning solutions that are independently proven to accelerate student growth. EdTech enables teachers with robust data analytics and content-specific professional development solutions to complement company instruction. DreamBox currently supports approximately 6 million students and 400,000 teachers in all 50 states, the District of Columbia, Puerto Rico, and across the United Kingdom, Australia, Canada, and Mexico.

Commenting on the development, Christian Hem, managing director of Evergreen Coast Capital Corp., said:

“DreamBox is an exciting extension of Evergreen’s ongoing investment efforts in the EdTech market. We look forward to partnering with Jesse Woolley-Wilson, the entire DreamBox team and The Rise Fund for this new chapter for the company, and bringing our skills in data together. And SaaS Technology, And massive sustainable growth. “

Jesse Woolley-Wilson, president and CEO of Dreambox Learning, said in a statement:

“We are at a historic juncture in the EdTech industry, and all of us at DreamBox have been inspired by the adoption of mixed learning solutions by teachers that are proven to enhance students’ math and reading skills in the classroom and at home. Not forever. What more can the team do for education with the right complement of engaging and personalized learning technology and powerful predictive and real-time analytics that enable learning parents to learn, and this partnership will take DreamBox to the next level of growth as we expand our reach of our best breed, double-discipline solution. This phase is a testament to our belief that ‘we can do better to do better.’

The deal follows a record year for Dreambox with revenue of $ 100 million and a growth target of almost 40%. The company also expanded its leadership team this year, acquiring two companies in the English language arts (ELA) market that provided double-discipline satisfaction.

“Dreambox demonstrates the strengths of those business models that combine social impact and economic performance. Jesse Woolley-Wilson and his team have created a high-performance business that provides a wide range of social impact,” said Steve Ellis, co-managing partner. Rising Fund.

Evergreen Coast Capital is a private equity firm operating as a subsidiary of Elliott Investment Management LP, located in Menlo Park, California. The company focuses on investing in technology.

For the transaction, Macquarie Capital and Gibson, Dun & Crutcher advised the Dreambox Board of Directors for management and Jameson Corporate Finance and Williams & Connolly, while SVB Technology Investment Banking acted as financial advisor to Evergreen Coast Capital Corp.

About the author

Author: Stephen Soluni

No longer a student, but loves to learn. Not the teacher, but take care of how the students are taught. Not a teacher, but I want everyone to be educated. Not a social worker, wanting to see change. Not a reformer, but always wanting to see a better world. The author believes that only proper education can bring a better future, a better world and much more in the field of technology.

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