Smartest Edu
Latest round
- Series A
Last raised
- Jun 2021
Total raised
- $40M
Investors
- 5
About Smartest Edu
Smartest Edu, Inc.Founded in 2013 in Santa Monica, California, Smartest Edu, Inc. operates an educational platform that supports real-time instruction and assessment.Formative’s primary offering is a comprehensive educational platform designed to facilitate real-time instruction and assessment in K-12 environments. The platform enables educators to deliver multimedia presentations, track student progress, and provide immediate feedback through various assessment tools, including quizzes and gamified practice activities. With a focus on enhancing teaching efficacy, Formative allows teachers to customize assessments to address learning gaps and adapt instructional strategies based on real-time data. The platform serves a diverse client base that includes over 1,000 school districts and millions of students across the United States, specifically targeting educational institutions seeking to improve student engagement and learning outcomes.Formative operates on a subscription-based revenue model, where educational institutions pay for access to the platform, which offers a suite of tools for instruction and assessment. Clients typically subscribe to annual plans that grant access to premium features such as customizable assessments, real-time analytics, and multimedia presentation capabilities. The transactions are structured as direct B2B relationships, primarily involving partnerships with school districts and educational organizations that require scalable solutions for multiple users, including teachers and students.Following the acquisition by Newsela, Inc. in June 2027, Smartest Edu, Inc. The company is focused on developing new products to enhance its platform, with a target to launch these innovations by the end of 2024. Additionally, Smartest Edu aims to penetrate new geographic markets, specifically targeting educational sectors in Canada and Europe, with expansion initiatives expected to roll out in the next two years.
Who invested in Smartest Edu
5 investors across 1 round
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Funding rounds
Series A
Jun 2, 2021
Amount
$40M
Investors
Questions about Smartest Edu
Who invested in Smartest Edu?
Smartest Edu has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Smartest Edu raised?
Smartest Edu has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Smartest Edu last raise money?
Smartest Edu's most recent round on record is a Series A, in Jun 2021.
What does Smartest Edu do?
Smartest Edu is a education/training company.
Where is Smartest Edu headquartered?
Smartest Edu is headquartered in Santa Monica, US.
Which VCs invest in companies like Smartest Edu?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back education/training companies at Smartest Edu's stage. Their profiles are linked below.
VCs backing education/training startups at Series A
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