Newsela is a platform that uses digital content to enhance reading skills and learning. In March 2019 it raised a $50 million Series C from Technology Crossover Ventures.
Newsela rewrites news articles, historical speeches, and scientific papers for students at different reading levels so the content is simpler to understand and easier to read. It partners with publications like National Geographic and the Washington Post and has built a software app to help students engage with the content.
Timeline
March 13, 2019
Series C
Newsela raised a $50 million Series C from Technology Crossover Ventures (TCV).
March 2019
Newsela raises a $50,000,000 series C round from TCV.
October 6, 2015
Newsela raises a $15,000,000 series B round from Chan Zuckerberg Initiative, Knight Foundation, Reach Capital, Kleiner Perkins Caufield & Byers, Owl Ventures and Kapor Capital.
September 24, 2014
Newsela raises a $6,000,000 series A round from Knight Foundation, Cambridge Information Group, NewSchools Venture Fund, Owl Ventures and Kapor Capital.
October 9, 2013
Newsela raises a $1,200,000 seed round from Jennifer Coogan, Techstars, Walter Winshall, Kaplan Ventures, Zac Zeitlin, NewSchools Venture Fund, Silicon Badia and Kapor Capital.
2013
Newsela was founded by Matthew Gross and Dan Cogan-Drew.
Funding rounds
Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
1,200,000
October 9, 2013
15,000,000
October 6, 2015
People
Name
Role
LinkedIn
Matthew Gross
Co-founder
Further reading
Title
Author
Link
Type
Date
Documentaries, videos and podcasts
Title
Date
Link
He wanted to help kids learn. Now, his startup serves 90% of schools
June 15, 2018
Companies
Company
CEO
Location
Products/Services
News
Title
Author
Date
Publisher
Description
AlleyWatch
February 27, 2021
AlleyWatch
The Pulse of New York Tech
Anthony Ha
February 26, 2021
TechCrunch
Facebook unveils another experimental app, Atlassian acquires a data visualization startup and Newsela becomes a unicorn. This is your Daily Crunch for February 26, 2021. The big story: Facebook launches rap app The new BARS app was created by NPE Team (Facebook's internal R&D group), allowing rappers to select from professionally created beats, and then [...]
Crunchbase News
February 26, 2021
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
Natasha Mascarenhas
February 25, 2021
TechCrunch
Newsela, a SaaS platform for K-12 instructional material backed by the likes of TCV, Kleiner Perkins, Reach Capital, and Owl Ventures, announced today that it has raised $100 million in a Series D round. The financing was led by new investor Franklin Templeton, and brings Newsela's valuation to $1 billion. The new round is larger [...]
Newsela
February 25, 2021
www.prnewswire.com:443
/PRNewswire/ -- Leading K-12 instructional content platform Newsela announced today a $100M Series D investment led by new investor Franklin Templeton and...
May 9, 2019
WebWire
Nearpod, the comprehensive student engagement platform for K-12 teachers, today announces its 2019 spring release to empower educators with new content and timesaving tools, as well as drive greater student engagement. The latest release includes deeper integrations with Google Classroom and Clever, new content from Newsela, even more simulations from PhET Interactive Simulations, and enhanced productivity and organizational features for districts and teachers. Today's educators typica...
February 21, 2019
WebWire
Nearpod, the award-winning edtech company helping K-12 teachers and school districts create engaging classroom experiences, today announces its partnership Newsela to incorporate high-interest and engaging content into Nearpod's signature interactive learning experiences. Through this partnership, Newsela's multidisciplinary, standards-aligned texts are embedded into 100 ready-to-run Nearpod lessons that leverage Nearpod's signature features such as virtual reality and interactive assessm...
References
Is a
Company attributes
Location
B2X
Founder
Crunchbase
Accelerator
Accelerator Batch
Date incorporated
2013
Investors
Founded date
2013
Email address
info@newsela.com
Phone number
855-711-0118
Total funding amount (USD)
72,200,000
Latest funding round date
March 2019
Other attributes
Blog
