2018 School Spending Survey Report
Google Capital Invests $40 Million in K-12 Ed Tech Company
The education technology company Renaissance Learning has received a $40 million investment from the Google fund in exchange for a minority stake, reports Gary Price. Renaissance Learning harnesses cloud computing to help teachers develop their lesson plans for students, including for reading and math.
From The NY Times:
Roughly one year into its existence, Google Capital is wasting no time in putting its money to work.
Renaissance Learning, an education technology company [based in Wisconsin Rapids, Wisconsin], plans to announce on Wednesday that it has received a $40 million investment from the Google fund in exchange for a minority stake. The deal values Renaissance at $1 billion.
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Google Capital is showing an interest in education. Renaissance Learning harnesses cloud computing to help teachers develop their lesson plans for students, including for reading and math. The company has been owned since 2011 by the British private equity firm Permira, which took over under convoluted circumstances.
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