# Newsela

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/newsela

- Industry: Software
- Headquarters: New York, US
- Website: www.newsela.com
- Total disclosed funding: $170M
- Latest round: Series D (Feb 5, 2021)
- Investors on record: 14

## About

Founded in 2013, and based in New York, US, Newsela, Inc. doing business as to develops a website for schools to utilize for nonfiction literacy and current events. It offers daily news pieces from newspapers at reading levels appropriate for the pupils. Matthew Gross and Dan Cogan-Drew co-founded the company. In February 2021, Newsela raised USD 100 million in series D fundraising from the Chan Zuckerberg Initiative, Franklin Templeton, Owl Ventures, Tao Capital Partners, TCV, and Waycross Ventures.


The company's line of services includes; Training and Support, Implementation Tips, and NCE (Newsela Certified Educator) Program. Newsela, Inc. also provides a mobile application that delivers written news to readers in K-12 classrooms.

In 2020, Newsela's annual recurring revenue grew 81% over 2019.

Newsela, Inc. plans to use the funds to expand operations and its business reach.

## Funding rounds

- Series D, Feb 5, 2021, $100M — Kleiner Perkins, TCV, Franklin Templeton, OWL Ventures, Tao Capital Partners, Waycross Ventures, Reach Capital, Chan Zuckerberg Initiative
- Series C, Mar 13, 2019, $50M — TCV
- Series B, May 27, 2015, $15M — Kleiner Perkins, Kapor Capital, Women's VC Fund II, Knight Enterprise Fund, OWL Ventures, Reach Capital, Chan Zuckerberg Initiative
- Series A, Sep 12, 2014, $4.1M — Knight Enterprise Fund, OWL Ventures
- Seed, Oct 9, 2013, $1.2M — Kapor Capital, Kaplan Ventures, NewSchools Venture Fund, Silicon Badia

## Investors

- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Seed, Series B
- Kaplan Ventures (https://capitalatlas.ai/funds/kaplan-ventures) — Seed
- NewSchools Venture Fund (https://capitalatlas.ai/funds/newschools-venture-fund) — Seed
- Silicon Badia (https://capitalatlas.ai/funds/silicon-badia) — Seed
- Knight Enterprise Fund (https://capitalatlas.ai/funds/knight-enterprise-fund) — Series A, Series B
- OWL Ventures (https://capitalatlas.ai/funds/owl-ventures) — Series A, Series B, Series D
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B, Series D
- Women's VC Fund II — Series B
- Reach Capital — Series B, Series D
- Chan Zuckerberg Initiative (https://capitalatlas.ai/funds/chan-zuckerberg-initiative) — Series B, Series D
- TCV (https://capitalatlas.ai/funds/tcv) — Series C, Series D
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series D
- Tao Capital Partners (https://capitalatlas.ai/funds/tao-capital-partners) — Series D
- Waycross Ventures — Series D