Stubbs Alderton & Markiles, LLP client Atomico Ventures announced that it led the $51M investment round to EdTech veteran Knewton. Other investors included GSV Capital, as well as previous backers Accel Partners, Bessemer Venture Partners, First Round Capital, FirstMark Capital and Founders Fund, along with debt financing from Silicon Valley Bank.
Knewton is an education technology company that personalizes digital courses so every student is engaged and no one slips through the cracks. As students progress through a Knewton-powered course, Knewton figures out what each student knows and how that student learns best, then recommends what to study next. Teachers use Knewton-powered predictive analytics to detect gaps in knowledge and differentiate instruction for each student.
Knewton plans on using the funds to expand its company into a global business, including adding 80-100 new employees to strengthen its existing data science and engineering teams, and moving into a new, larger headquarters in NYC.
To read the full press release on Tech Crunch, click here.
About Atomico Ventures
Atomico is a growth stage international investment firm, focused on helping the world’s most disruptive technology companies scale and reach their full potential globally. Founded by Niklas Zennström, the co-founder of Skype, they have become the investor of choice for ambitious entrepreneurs due to their experience of building global companies, unique international network, and ability to help companies operationally, with offices in London, Beijing, São Paulo, Istanbul and Tokyo.
For more information about our Venture Capital & Emerging Growth practice, contact Scott Alderton at (818) 444-4501 or firstname.lastname@example.org