Tech Company Financing Transactions

Newsela Funding Round

Newsela closed a $15 million Series B funding round on 10/6/2015. Backers included Kleiner Perkins Caufield & Byers, private investors and John S. and James L. Knight Foundation.

Transaction Overview

Company Name
Newsela
Announced On
10/6/2015
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series B
Investors

Kleiner Perkins Caufield & Byers (Lead Investor) (Brook Byers)

private investors (Mark Zuckerberg)

John S. and James L. Knight Foundation (Ben Wirz)

Owl Ventures (Tory Patterson)

Women's Venture Capital Fund

Proceeds Purpose
Newsela will use these funds to accelerate its machine learning capabilities and expand its footprint to help more teachers, students and school districts with the most effective literacy learning tools, while also helping to get students more engaged with what they're learning.

Company Information

Company Status
Private & Independent
Industry
EdTech
Mailing Address
46 Ingram St.
Forest Hills, NY 11375
USA
Phone
Undisclosed
Website
www.newsela.com
Email Address
[email protected]
Overview
Newsela is an education technology startup dedicated to transforming the way learners access the world through words. The founding team members combine powerful technological know-how with real-world experience earned in the classroom, the newsroom, and the boardroom.
Profile
Newsela LinkedIn Company Profile
Social Media
Newsela Company Twitter Account
Company News
Newsela News
Facebook
Newsela on Facebook
YouTube
Newsela on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Matthew Gross
  Matthew Gross LinkedIn Profile  Matthew Gross Twitter Account  Matthew Gross News  Matthew Gross on Facebook
Chief Marketing Officer
Adriel Sanchez
  Adriel Sanchez LinkedIn Profile  Adriel Sanchez Twitter Account  Adriel Sanchez News  Adriel Sanchez on Facebook
Chief Operating Officer
Jennifer Coogan
  Jennifer Coogan LinkedIn Profile  Jennifer Coogan Twitter Account  Jennifer Coogan News  Jennifer Coogan on Facebook
Chief Technical Officer
Derrick Ware
  Derrick Ware LinkedIn Profile  Derrick Ware Twitter Account  Derrick Ware News  Derrick Ware on Facebook
Co-Founder
Dan Cogan-Drew
  Dan Cogan-Drew LinkedIn Profile  Dan Cogan-Drew Twitter Account  Dan Cogan-Drew News  Dan Cogan-Drew on Facebook
VP - Customer Service
Chris Mezzatesta
  Chris Mezzatesta LinkedIn Profile  Chris Mezzatesta Twitter Account  Chris Mezzatesta News  Chris Mezzatesta on Facebook
VP - Customer Service
Jennifer Ruth
  Jennifer Ruth LinkedIn Profile  Jennifer Ruth Twitter Account  Jennifer Ruth News  Jennifer Ruth on Facebook
VP - Human Resources
Eric Bacolas
  Eric Bacolas LinkedIn Profile  Eric Bacolas Twitter Account  Eric Bacolas News  Eric Bacolas on Facebook
VP - Product Management
Shiren Vijiasingam
  Shiren Vijiasingam LinkedIn Profile  Shiren Vijiasingam Twitter Account  Shiren Vijiasingam News  Shiren Vijiasingam on Facebook

 

 

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