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Reading: Amplify Raises Series C Funding to Expand Its K-12 Portfolio
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Home > News > Amplify Raises Series C Funding to Expand Its K-12 Portfolio
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Amplify Raises Series C Funding to Expand Its K-12 Portfolio

 - Shalini-pathak
Shalini Pathak Published May 24, 2023
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Amplify Raises Series C Funding to Expand Its K-12 Portfolio - Amplify-raises-series-c-funding
Amplify Raises Series C Funding to Expand Its K-12 Portfolio
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Amplify, a New York-based publisher of curriculum and assessment programs has raised an undisclosed amount in its Series C funding round led by Cox Enterprises, a leading private broadband company in America dedicated to empowering people to build a better future for the next generation. Cox joined Amplify’s current investors, including Emerson Collective, Learn Capital, and A-Street Ventures.

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With this investment round, the company plans to expand the breadth and depth of its K-12 product portfolio, which distinctly combines high-quality, evidence-based instruction with digital-forward delivery to help teachers celebrate and extend their students’ thinking, knowledge, and skills.

Founded by Larry Berger, Amplify is dedicated to collaborating with educators to create learning experiences that are rigorous and riveting for all students. The platform makes K–12 core and supplemental curriculum, assessment, and intervention programs for today’s students. Its captivating core and additional ELA, Math, and Science programs support teachers in engaging all their students in rigorous learning and inspiring them to think deeply, creatively, and for themselves. The firm’s formative assessment products help teachers provide the targeted instruction students need to build a strong foundation in early reading and Math. It has reached over 10 million students in all 50 states.

Speaking about the fundraising, Chief Executive Officer of Amplify, Larry Berger, said:

Amplify has experienced significant growth and is now proud to serve close to a third of U.S. K-8 students today with programs that uniquely blend the best K-12 content and pedagogy with digital tools that help teachers reach all students and drive measurable academic gains. This investment will help us grow while ensuring we elevate K-12 instruction and have as much impact as possible.

Amplify is launching a suite of Math programs that will reshape mathematics education by combining the leading open-source curriculum (IM K-12 Math™ authored by Illustrative Mathematics®) with the most-beloved teaching and learning platform in math education, Desmos Classroom. It aims to help every student learn mathematics.

Mark Lewis, Vice President of Strategy & Investments Cox Enterprises, commented:

At Cox, we are committed to investing in companies that will reshape their industries over the next generation, positively impacting communities across the country and worldwide. We are excited to help Amplify continue to scale its product offerings and footprint.

The company currently delivers its products and services to over half a million teachers in the United States. Its existing core programs have earned all-green scores on EdReports, a third-party curriculum evaluation site. Amplify’s digital supplemental program, Boost Reading, continues to help schools drive gains in early reading, as does its gold-standard early reading assessment, mCLASS®.

In 2021, Amplify had raised $215 million in growth funding led by Learn Capital and A-Street Ventures with participation from Emerson Collective.

TAGGED: EdTech Funding, EdTech Investors, EdTech Startups/Companies, K-12, Mathematics, Next Generation Technology, Online Education, Online Learning
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 - Shalini-pathak
Posted by Shalini Pathak
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Shalini Pathak is a Staff Writer at EdTechReview (ETR) - India's leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she's an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
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