Formative Announces $70 Million Minority Growth Investment To Accelerate Impact In K-12 Classrooms

Jun 15, 2021•about 4 years ago

Amount Raised

$70 Million

Santa Monica

Description

Formative, a SaaS-based real-time student data platform, today announced a $70 million minority investment led by global growth investor Summit Partners, with participation from existing investors including Emerson Collective, Fika Ventures, Mac Ventures and Rethink Education. 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

Formative

Location

Santa Monica, California, United States

About

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. For more information, please see www.formative.com or follow on LinkedIn.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Formative Announces $70 Million Minority Growth Investment To Accelerate Impact In K-12 Classrooms

Description

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Company Information