New York-based Amplify Raises $215M in its First Funding Round
Amplify, a publisher of next-generation curriculum and assessment programs, has raised $215 million in growth funding led by Learn Capital and A-Street Ventures with participation from Emerson Collective.
Rob Hutter from Learn Capital and Marc Sternberg from A-Street Ventures have also participated in the round.
The company plans to use the funds to make strategic acquisitions in education companies and to accelerate product development across its portfolio, with a focus on its digital supplemental programs.
Founded in 2000 by Larry Berger, Amplify provides K–12 education captivating core and supplemental programs in ELA, math, and science, engaging all students in rigorous learning and inspiring them to think deeply, creatively, and for themselves. The company currently reaches more than 10 million students in 4,000 districts across all 50 states in the US, with a growing international presence.
Commenting on the funding, Larry Berger, Founder & CEO of Amplify, said,
“Amplify has experienced remarkable growth for six years in a row, is profitable, and is earning the trust of teachers and students. This moment is urgent for accelerating our ability to serve the needs of schools and districts. The magnitude of learning loss and the range of hybrid models for delivering instruction call for the kinds of products that Amplify builds. As impact-oriented investors, Emerson, Learn Capital, and A-Street Ventures raised a significant round in order to help us address these urgent needs by being a rapid reaction partner for districts across the country.”
Amplify learning gives students an LMS and adaptive educational games. Its insight offers teacher and administrators performance assessment through analytics, CMS and Amplify access provides professional learning resources. The platform works on the bulk-based pricing model where students can interact and share projects.
Rob Hutter, Head of Learn Capital, said,
“We focus on finding the most extraordinary teams working in education, and Amplify is a natural fit. Amplify stands at the center of a profound shift in K12 curriculum delivery that pairs an acceleration of digital learning with an unprecedented emphasis on quality in core instructional materials design. Amplify is uniquely positioned to benefit from both of these trends, and we’re thrilled to have this opportunity to participate in the company’s journey.”
Learn Capital, based in Silicon Valley, is one of the world’s leading venture capital funds with a dedicated focus on education technology and companies that leverage technology for better and smarter learning worldwide.
Marc Sternberg, Founder and Managing Director of A-Street Ventures added,
“At A-Street, we believe education can serve as a powerful engine of mobility, and now is the time for big leaps forward in transforming how students learn and how teachers teach. That’s why we are excited to partner with Amplify, a company that is lifting up the quality of daily instruction and leaning into digital-forward tools to accelerate learning.”
Amplify is dedicated to collaborating with educators to create learning experiences that are rigorous and riveting for all students. In May this year, the Brooklyn-based EdTech company launched its Skills Boost program, a grades 1-6 solution that works alongside any core program to provide 30 minutes of highly targeted foundational skills instruction each day. Amplify had acquired K-12 mathematics online learning company Mathigon earlier this month.
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