# Newglobe Schools

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/newglobe-schools

- Industry: Education/Training
- Headquarters: Boston, US
- Website: www.newglobe.education/
- Total disclosed funding: $53M
- Latest round: Series D (Mar 11, 2015)
- Investors on record: 3

## About

Based in Massachusetts, US, and founded in 2007, Newglobe Schools, Inc. provides technology-enabled educational solutions. In March 2015, the company raised USD 14.666 mn in Series D funding from Novastar Ventures and Pershing Square Foundation, totaling USD 14.666 mn raised. 

Newglobe offers a comprehensive suite of technology-enabled educational solutions designed to facilitate learning outcomes and transform education systems. Their core product is a cloud-based digital learning platform that serves as an integrated operating system for educational institutions, particularly tailored for low-infrastructure environments with limited connectivity. This platform includes adaptive instructional content, teacher training modules, and a school leadership application, among other resources. Newglobe's primary clientele includes national and state governments, educational institutions, and local education authorities across various countries, primarily in Africa and South Asia, where they seek to implement scalable and effective educational transformations. 

Newglobe generates revenue through a range of transactional models, primarily focusing on partnerships and B2B arrangements with government entities and educational institutions. Their revenue structure includes fees associated with the deployment of their digital learning platform, subscriptions for ongoing access to adaptive instructional content, and payments for comprehensive teacher training programs. The pricing structure reflects the value provided through their integrated support services, which encompass personalized coaching and professional development for educational staff. 

Newglobe plans to enhance its offerings by launching new products designed to further improve learning outcomes and adapt to evolving educational needs. They are targeting expansion into additional markets in Africa and South Asia by the end of 2023. The recent funding of USD 14.666 mn raised in March 2015 will support these initiatives by bolstering product development and facilitating entry into these new regions.

## Funding rounds

- Series D, Mar 11, 2015, $15M — Novastar Ventures, Pershing Square Foundation
- Series D, Jan 6, 2014, $38M — International Finance Corporation, Novastar Ventures

## Investors

- International Finance Corporation — Series D
- Novastar Ventures (https://capitalatlas.ai/funds/novastar-ventures) — Series D
- Pershing Square Foundation — Series D