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Great Minds Pbc ® Announces $150 Million Investment To Drive Expansion And Innovation; Former Louisiana State Superintendent John White Joins Leadership Team

Jul 14, 2022almost 3 years ago

Amount Raised

$150 Million

RichmondReal EstateOtherEducation

Description

Great Minds PBC®, the developer of widely used, highly regarded PK-12 curricula, today announced that A-Street, an investment fund focused on seeding and scaling innovative student learning and achievement solutions, has invested $150 million into Great Minds, comprising $100 million of newly issued shares to accelerate expansion of the company's offerings and $50 million to acquire a stake from the company's majority stockholder, the nonprofit Great Minds organization. A-Street is now a minority stockholder of the company.

Company Information

Company

Great Minds PBC

Location

Richmond, Virginia, United States

About

The company will also expand all of its existing instructional materials to be available through high school. The company also announced former Louisiana State Superintendent of Education John White has joined the company as Chief Success Officer. The company reaches millions of students in all 50 states with its instructional materials and professional development and implementation services. The company has generated strong double-digit growth annually.

FundzWatch™ Score

80
Medium Activity

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