I am thrilled to share that Age of Learning, the edtech company I founded in 2007 and creator of ABCmouse Early Learning Academy, Adventure Academy, English language learning app ABCmouse English, and My Math Academy, has announced a $300 million equity investment in the company. The round is led by TPG and includes Qatar Investment Authority (QIA) and Madrone Capital Partners. The capital will be used for the company’s global expansion and further increasing investment in new products and technologies to effectively educate more learners.
This funding further validates all the work we’ve done to develop digital educational programs with proven efficacy in increasing children’s learning gains. To date, these programs have helped educate more than 50 million children around the world and have been used in hundreds of thousands of classrooms.
“Every child deserves a strong foundation for academic success, and we are committed to delivering on this promise for kids everywhere,” said Paul Candland, CEO of Age of Learning. “We combine best practices in education, cutting-edge technology and the creativity of a major digital studio to build products that are proven by extensive research to really deliver results for children. We couldn’t be more excited to partner with TPG and their global team as we continue to unlock access to opportunity for all kids around the world.”
“Age of Learning has established itself as a leader in education technology over the last decade,” said David Trujillo, Partner at TPG and Co-Managing Partner of TPG Tech Adjacencies. “Their talented team has innovated to create digital education programs that both engage and provide effective learning solutions for children around the world. Age of Learning was built on the vision of helping children everywhere develop a love of learning, and we are excited to partner with them to accelerate that mission.”
Read more about this Age of Learning funding announcement and $3 billion valuation on Bloomberg or visit the Age of Learning blog…