# Carnegie Learning

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carnegie-learning

- Industry: Education/Training
- Headquarters: Pittsburgh, US
- Website: www.carnegielearning.com
- Total disclosed funding: $20M
- Latest round: Series B (Oct 19, 2001)
- Investors on record: 5

## About

Carnegie Learning, Inc. provides innovative educational solutions aimed at enhancing K-12 learning experiences, with a strong emphasis on mathematics and language education through adaptive technology and proven pedagogical strategies.Founded in 1994 in Pittsburgh, US, Carnegie Learning, Inc. specializes in educational technology with a focus on mathematics and literacy. The company has undergone strategic pivots including a recent acquisition by Madison Dearborn Partners in October 2020, which followed the sale of Paradigm Education Solutions to Kendall Hunt Publishing Company in February 2020. The founders are Gregory Kirkham and Ksshitij Singh, while Barry Malkin serves as CEO. Carnegie Learning has raised a total of USD 75.00 mn, with the most recent funding round being a Trade Sale in October 2020, led by Apollo Group, Inc.Carnegie Learning offers a variety of educational products designed to enhance K-12 learning experiences, particularly focusing on mathematics, literacy, and foreign languages. Key offerings include the MATHia platform, an adaptive math software providing personalized learning paths for students, and the Lenses on Literature curriculum for English Language Arts. Additionally, the ClearLanguages program delivers comprehensive foreign language instruction for grades 6-12. Their products are rooted in research and include professional development support for educators, catering to a wide array of public and private school clients across the United States.Carnegie Learning generates revenue primarily through direct sales of educational products and subscription services to K-12 institutions. Schools typically enter into multi-year contracts that encompass software licenses, educator professional development, and ongoing support. The pricing model is tailored to meet various school budgets, reflecting the extensive features offered in flagship products like MATHia and Lenses on Literature. This approach fosters long-term partnerships with educational institutions to enhance student learning outcomes.Looking ahead, Carnegie Learning plans to expand its product offerings and market reach. Upcoming initiatives include the launch of new features within the MATHia platform and an expansion into more diverse markets, particularly targeting districts in urban areas by 2023. The recent funding secured from Madison Dearborn Partners will be allocated towards enhancing product development and supporting strategic market expansion efforts.

## Funding rounds

- Series B, Oct 19, 2001, $14M — Magarac Venture Partners, Open Field Entrepreneurs Fund, Collier Investments
- Series A, Jan 18, 2000, $6M — Magarac Venture Partners, NewSchools Venture Fund, Collier Investments, Core Learning Group

## Investors

- Magarac Venture Partners (https://capitalatlas.ai/funds/magarac-venture-partners) — Series A, Series B
- NewSchools Venture Fund (https://capitalatlas.ai/funds/newschools-venture-fund) — Series A
- Collier Investments (https://capitalatlas.ai/funds/collier-investments) — Series A, Series B
- Core Learning Group — Series A
- Open Field Entrepreneurs Fund — Series B