Led by Sofina, Funding Round Includes Numerous Returning Investors
NEW YORK, NY (November 5, 2015) — Knewton, the global leader in adaptive learning, is raising another round of funding — $42 million closed to date. Sofina, a Belgian investment group, is leading this round, with participation from returning investors Atomico, Accel Partners, Bessemer Venture Partners, FirstMark, and Founders Fund.
With global demand for Knewton’s adaptive learning technology growing rapidly, this additional financing will allow the company to expand its international infrastructure — including technology, sales, implementation, and support teams — and to power more adaptive learning everywhere.
Knewton tailors the presentation of educational content to meet each student’s individual needs. Dozens of education companies, including some of the world’s largest, use Knewton to power their adaptive learning products for K-12 and university students. Knewton also just launched a free online platform, now in open beta at knewton.com, that allows any educator to create supplemental lessons using open educational resources and anyone looking to learn to reap the benefits of Knewton’s adaptive learning technology.
Knewton has delivered more than 15 billion personalized recommendations to over 10 million students on every continent except Antarctica.
Knewton’s mission is to personalize learning for the world. Teachers, schools, and education companies around the globe use Knewton to power digital course materials that dynamically adapt to each student’s unique needs. Knewton provides students with tailored recommendations for exactly what to study, teachers with analytics to better support each student, and publishers with content insights to develop better products.
Founded in 2008, Knewton has offices in New York City, London, São Paulo, and Tokyo.