Amplify, publisher of next-generation course and assessment programs, has raised 215 million in growth funds led by Learn Capital and A-Street Ventures in partnership with Emerson Collective.
Rob Hutter of Learn Capital and Mark Sternberg of A-Street Ventures are also in the running.
The company plans to use the funds to accelerate product development in its portfolio, focusing on strategic acquisitions in educational companies and its digital supplement programs.
Founded in 2000 by Larry Berger, Amplify K – 12 Education offers attractive core and ELA, supplementary programs in math and science, engaging all students in rigorous learning and inspiring them to think deeply, creatively and for themselves. The company currently reaches more than 10 million students in 4,000 districts in all 50 states in the US, with a growing international presence.
Commenting on the fund, Larry Berger, founder and CEO of Amplify, said,
“Ampliify has experienced remarkable growth for six years in a row, it is profitable and earns the trust of teachers and students. The moment is urgent to accelerate our ability to meet the needs of schools and districts. As an influential investor, Emerson, Learn Capital and A-Street Ventures have made significant strides to help us meet these urgent needs quickly. Feedback partners for districts across the country. “
Amplify Learning offers students LMS and friendly educational games. Its insights evaluate teacher and administrator performance through analysis, CMS and Amplify access to vocational education resources. The platform works on a bulk-based pricing model where students can interact and share projects.
Rob Hutter, head of Learn Capital, said:
“We focus on finding the most fantastic teams working in education, and Amplify is a natural fit. Amplify is at the heart of a profound shift in K12 curriculum delivery that adds an unprecedented emphasis to the quality of core teaching materials and accelerates digital learning. Is in a unique position and we are thrilled to have this opportunity to participate in the company’s journey. “
Located in Silicon Valley, Learn Capital is one of the world’s leading venture capital funds with a special focus on education technology and companies leveraging technology for better and smarter education around the world.
Mark Sternberg, Founder and Managing Director of A-Street Ventures added,
“At A-Street, we believe that learning can be a powerful engine of mobility, and now it’s time to take a big leap in how students learn and how teachers teach. That’s why we look forward to partnering with Amplify. The quality of instruction is improving and leaning towards digital-forward tools to accelerate learning. “
Amplify is dedicated to collaborating with teachers to create a rigorous and stimulating learning experience for all students. In May of this year, the Brooklyn-based EdTech company launched the Skills Boost program, a Grade 1-6 solution that works with any core program to provide 30 minutes of highly targeted basic skills instruction each day. Amplify acquired K-12 math online learning company Mathigone earlier this month.
Do you like what we do?
The latest EdTech news in your inbox