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Elevate K-12 Raises $40M Series C Led By General Catalyst To Address Growing National Teacher Shortage

Elevate K-12 Raises $40M Series C Led By General Catalyst To Address Growing National Teacher Shortage

06/16/22, 10:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgchicago
Money raised
$40 million
Round Type
series c
Elevate K-12, the leading provider of high-quality live-streaming instruction for US K-12 classrooms, has closed a Series C $40M round of funding led by venture capital firm General Catalyst. The funding will support Elevate K-12 in its mission to solve the ongoing teacher-shortage crisis by scaling its live stream instruction model to more schools and districts that lack teachers in critical content areas due to zip code barriers. The funding will allow Elevate K-12 to invest in product and delivery to enhance school and classroom teaching experiences.

Company Info

Company
K 12
Location
chicago, illinois, united states
Additional Info
The company is scaling a new category to rethink how schools and classrooms work; funding will support product and delivery scale and optimization. General Catalyst's managing partner, Hemant Taneja said the firm became interested in partnering with Elevate K-12 after seeing the success of the technology company's platform in its initial partner districts across 27 states. With offices in San Francisco, Palo Alto, New York City, London, and Boston, the firm has helped support the growth of businesses such as: Airbnb, Deliveroo, Guild, Gusto, Hubspot, Illumio, Lemonade, Livongo, Oscar, Samsara, Snap, Stripe, and Warby Parker. Elevate K-12 enables all three and we think what they are building will be transformational," said Hemant Taneja, managing partner at General Catalyst. General Catalyst Executive in Residence, Lexi Reese, will join Elevate's board, and shared, "Elevate K-12 is providing seamless live-stream instruction with great teachers for schools plagued by the worsening teacher shortage. Elevate K-12 currently operates in 27 states and is rapidly expanding to new states and districts across the U.S. in K-12 schools.