Formative is the developer of a student response platform designed to allow teachers to give live assignments to students, enabling instant teaching adjustments and long-term student growth tracking.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
06/15/2021 | Series A | $70MM | $xx.xx | $327.87MM | Summit Partners, Emerson Collective, Fika Ventures, Mac Ventures, Rethink Education | |
Price per Share
$xx.xx
Shares Outstanding
3,045,474
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Summit Partners, Emerson Collective, Fika Ventures, Mac Ventures, Rethink Education
|
||||||
09/11/2020 | Series Seed-4 | $99,999 | $xx.xx | $16.4MM | Emerson Collective, Fika Ventures, Mac Ventures, Rethink Education | |
Price per Share
$xx.xx
Shares Outstanding
62,320
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Emerson Collective, Fika Ventures, Mac Ventures, Rethink Education
|
||||||
09/11/2020 | Series Seed-3 | $1.81MM | $xx.xx | $16.4MM | Emerson Collective, Fika Ventures, Mac Ventures, Rethink Education | |
Price per Share
$xx.xx
Shares Outstanding
1,267,298
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Emerson Collective, Fika Ventures, Mac Ventures, Rethink Education
|
||||||
09/11/2020 | Series Seed-2 | $1.67MM | $xx.xx | $16.4MM | Emerson Collective, Fika Ventures, Mac Ventures, Rethink Education | |
Price per Share
$xx.xx
Shares Outstanding
1,334,674
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Emerson Collective, Fika Ventures, Mac Ventures, Rethink Education
|
||||||
09/11/2020 | Series Seed-1 | $3.45MM | $xx.xx | $16.4MM | Emerson Collective, Fika Ventures, Mac Ventures, Rethink Education | |
Price per Share
$xx.xx
Shares Outstanding
1,935,031
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Emerson Collective, Fika Ventures, Mac Ventures, Rethink Education
|