AltSchool, a San Francisco, CA-based network of micro-schools focused on personalized learning for children in grades K-8, raised $33m in Series A financing.
The round was led by Founders Fund and Andreessen Horowitz with participation from existing investors First Round Capital and Harrison Metal and John Doerr, Jonathan Sackler, Learn Capital, and Omidyar Network. In conjunction with the funding, Brian Singerman, Founders Fund General Partner joined AltSchool’s Board of Directors.
The company intends to use the funds to continue to grow. It opened its first school in San Francisco in 2013 and will add at least three additional micro-schools in the San Francisco Bay Area for the 2014-2015 academic year.
Founded in 2013 by Max Ventilla, AltSchool provides K-8 students with personalized classroom learning via a network of private micro-schools. The schools’ team continually collects and responds to feedback from teachers, students, and parents. Incorporating best practices in the field of education alongside proprietary technology, the company provides learning tools that allow teachers to deliver Personalized Learning Plans. Each plan incorporates student interests and parental priorities to prepare each child with the skills he/she will need.
Following this round, AltSchool initiated the process of becoming a certified B Corp., supporting the company’s mission to create material positive impact on society.
FinSMEs
18/03/2014