DreamBox Learning has raised $11 million in an investment round led by Netflix CEO Reed Hastings through the Charter School Growth fund that acquired DreamBox in 2010, a private investment by VC John Doerr, GSV Capital Corp and current investor Deborah Quazzo also joined the round.
DreamBox delivers nationwide math education to elementary school students via its platform that adapts to the needs of each individual student.
Therefore, this is an investment in two of the most discussed niches in education today: math in combination with adaptive learning.
Founded in 2006, DreamBox put their first online learning product for elementary schools out in January 2009.
Until today the company claims to have delivered more than 11 million lessons to about 500,000 school kids from all 50 states.
As much as the math program adapts to the individual needs of the student, the DreamBox team have made sure to put a considerable effort in building a curriculum that meets the requirements of the individual states.
The new investment will be used to strengthen the work put in the curriculum, future developments and eventually distribution and adoption.
Source: DreamBox Learning
