newsela.comEducation / Other EducationFounded: 2013Funding to Date: $377.94MM
Newsela is an education technology company that aims to provide engaging, relevant instructional content for teachers that both educates and inspires. Using product solutions including Common Assessment, Formative Assessment, and Differentiated Instruction, the company focuses on skill-building with a mission to provide academic rigor that is accessible to a range of audiences. Newsela was founded by Dan Cogan-Drew and Matthew Gross in 2013 and is headquartered in New York, NY.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/25/2021 | Series D | $100MM | $xx.xx | $1.08B | Chan Zuckerberg Initiative, Franklin Templeton, Owl Ventures, Tao Capital Partners, Tcv, Waycross Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,726,971
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Chan Zuckerberg Initiative, Franklin Templeton, Owl Ventures, Tao Capital Partners, Tcv, Waycross Ventures
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03/13/2019 | Series C | $54.26MM | $xx.xx | $225.58MM | Tcv | |
Price per Share
$xx.xx
Shares Outstanding
10,889,682
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Tcv
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03/31/2017 | Series B-2 | $13.5MM | $xx.xx | $85.76MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,657,898
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
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10/06/2015 | Series B | $14.65MM | $xx.xx | $67.34MM | John S. & James L. Knight Foundation, Kleiner Perkins, Mark Zuckerberg, Owl Ventures, Priscilla Chan, Women�S Venture Capital Fund | |
Price per Share
$xx.xx
Shares Outstanding
5,054,676
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
John S. & James L. Knight Foundation, Kleiner Perkins, Mark Zuckerberg, Owl Ventures, Priscilla Chan, Women�S Venture Capital Fund
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09/12/2014 | Series A-1 | $1.18MM | $xx.xx | $16.4MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,177,298
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
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09/12/2014 | Series A | $5.38MM | $xx.xx | $18.75MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,384,599
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|