US-based educational startup Age of Learning raises US$ 300M

US-based startup Age of Learning, which provides a comprehensive and engaging online curriculum for pre-kindergarten, kindergarten and early elementary school programs, raised US$ 300M in funding on 29 June 2021.

Investors: The funding round was led by TPG with participation from Qatar Investment Authority (QIA) and Madrone Capital Partners.

Purpose of the funding: The raised will be utilized by the company for global expansion and further increasing its investment in new products and technologies to effectively educate more learners.

About Age of Learning

Age of Learning

Age of Learning offers convenient and efficient ways for customers to manage their payments, including fedex billing online. Founded in 2007, Doug Dohring, Age of Learning develops digital educational programs with proven efficacy with an aim to increase children’s learning gains. The company claims that its programs have helped to educate more than 50 million children around the world and have been used in thousands of classrooms.

Age of Learning offers the following:

  • ABCmouse Early Learning Academy – A digital education program for children ages 2-8 providing personalized experiences for kids.
  • My Math Academy – A personalized learning program that adapts and points each child’s skill level, gives challenges to help learners master the foundations of math.
  • Adventure Academy – A multiplayer online education game (MMO) for elementary and middle school students.
  • ABCmouse English – It helps children learn English in the way they naturally acquire their native language.

What the CEO has to say: “Every child deserves a strong foundation for academic success, and we are committed to delivering on this promise for kids everywhere. 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.” — Paul Candland, CEO of Age of Learning.

What the founder has to say: “Since our founding more than a decade ago, Age of Learning has led with a mission to help children everywhere build a strong foundation for academic success and a lifelong love of learning, regardless of their socio-economic backgrounds or circumstances. This funding enables us to increase our investments in bold and innovative programs and reach even more kids and families, which is vital now more than ever.” — Doug Dohring, Age of Learning’s Founder & Executive Chairman.

What the investors have to say: “Age of Learning has established itself as a leader in education technology over the last decade. 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.” — David Trujillo, Partner at TPG and Co-Managing Partner of TPG Tech Adjacencies.

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Komal writes about the startup ecosystem on VCBay. She is an Economics Hons. graduate from Miranda House, Delhi University, and is passionate about the world of entrepreneurship and finance.

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