Summit Partners Lead $70m Round in Formative to Accelerate Impact in K-12 Classrooms

Formative, a SaaS-based real-time student data platform, today announced a $70 million minority investment led by global growth investor Summit Partners, with participation from existing investors including Emerson Collective, Fika Ventures, Mac Ventures and Rethink Education. The investment will further fuel Formative’s product enhancement efforts, increase teacher and administrator support and expand the company’s international reach.

Formative’s mission is to improve student outcomes and educator effectiveness by accelerating the student-teacher feedback loop and providing actionable visualizations of student comprehension and achievement. Formative’s approach is designed to enable educators to identify and address learning deficiencies as concepts are being taught and, importantly, before learning is lost.


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Company
Transaction Information
  • funding

  • undisclosed

  • complete

  • 70,000,000 usd

  • 0 usd