Tech Company Financing Transactions

Formative Funding Round

Formative, operating out of Santa Monica, secured $70 million from Summit Partners, Emerson Collective and Fika Ventures.

Transaction Overview

Company Name
Announced On
6/16/2021
Transaction Type
Venture Equity
Amount
$70,000,000
Round
Undisclosed
Investors

Summit Partners (Lead Investor) (Thomas Jennings)

Emerson Collective

Fika Ventures

MaC Venture Capital

Rethink Education

Proceeds Purpose
The investment will further fuel Formative's product enhancement efforts, increase teacher and administrator support and expand the company's international reach.

Company Information

Company Status
Private & Independent
Industry
EdTech
Mailing Address
1158 26th St. 161
Santa Monica, CA 90403
USA
Phone
Undisclosed
Email Address
Overview
Formative is a web-based student response platform that allows teachers to give live assignments to students, enabling instant teaching adjustments and long-term student growth tracking. Teachers use Formative to see student work in real-time, give feedback, track student progress to learning standards and collaborate around common assessment data.
Profile
Formative LinkedIn Company Profile
Social Media
Formative Company Twitter Account
Company News
Formative News
Facebook
Formative on Facebook
YouTube
Formative on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Craig Jones
  Craig Jones LinkedIn Profile  Craig Jones Twitter Account  Craig Jones News  Craig Jones on Facebook
Chief Operating Officer
Kevin McFarland
  Kevin McFarland LinkedIn Profile  Kevin McFarland Twitter Account  Kevin McFarland News  Kevin McFarland on Facebook
VP - Administration
Sana Gabula
  Sana Gabula LinkedIn Profile  Sana Gabula Twitter Account  Sana Gabula News  Sana Gabula on Facebook
VP - Operations
Nicole Stewart
  Nicole Stewart LinkedIn Profile  Nicole Stewart Twitter Account  Nicole Stewart News  Nicole Stewart on Facebook
VP - Sales
Michael Farnes
  Michael Farnes LinkedIn Profile  Michael Farnes Twitter Account  Michael Farnes News  Michael Farnes on Facebook


 

 

Browse more venture capital transactions:

Prev: 6/16/2021: ThreatX venture capital transaction
Next: 6/16/2021: Carbyne venture capital transaction

 

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We do our best to record every notable VC transaction. VC investment data records on this site come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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