Formative Announces $70 Million Minority Growth Investment To Accelerate Impact In K-12 Classrooms
Amount Raised
$70 Million
Round Type
Venture
Santa MonicaEducationE LearningEdtechLanguage LearningDescription
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.
Quick answer
Formative raised $70 Million in a funding round, dated June 15, 2021. Formative is based in Santa Monica, California, United States.
- How much did Formative raise?
- Formative raised $70 Million in a funding round on June 15, 2021.
- What does Formative do?
- 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.
- Where is Formative based and how big is it?
- Formative is based in Santa Monica, California, United States.
Source: Fundz verified event record.
Who else raised in Education and E Learning around the same time
Companies in the same sectors as Formative that raised within 45 days of this round, from Fundz verified event records.
- CYPHER Learning raised $40M (Private Equity) on June 18, 2021.
- Chalk Talk Solutions raised $1.2M (Seed) on May 27, 2021.
- BoldVoice raised $605K on May 13, 2021.
- Legible raised $282K (Seed) on July 22, 2021.
- MPower raised $25M on July 21, 2021.
- PriceHubble raised $34M (Series B) on July 19, 2021.
Who to call at Formative, and when
A new round usually means Formative is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Formative raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Formative, from your own LinkedIn network
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Fundz sees it the moment Formative raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Formative raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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