DreamBox

John Doerr And Reed Hastings Put $11 Million Into Education Startup

Source: http://www.businessinsider.com/boonsri-dickinson-dreambox-raises-11m-from-john-doerr-and-reed-hastings-2011-12


john doerr tbi

Netflix CEO Reed Hastings and super VC John Doerr just invested in DreamBox Learning, an adaptive math learning platform.

The startup just raised an $11 million round from Hastings (through his Charter School Growth Fund), Doerr (through his private investment fund), not Kleiner Perkins, and others.

The company plans to use the investment round to expand the product and curriculum as well as increase distribution. In the past year, half a million elementary school students used the platform, viewing more than 11 million lessons. An independent study found that students who used DreamBox for four months, improved their test scores by about 5%.

As a nation, the United States is lagging behind in math, but educational startups may soon change that. Another popular startup Khan Academy recently raised $5 million, which uses videos and practice problems to teach a range of courses including physics and computer programming. In October, Founders Fund invested $33 million in education startup Knewton, which has an adaptive learning algorithm that has been used to power a college online math readiness course.

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Wednesday, December 7th, 2011 news No Comments

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