Google Capital Invests $40M In Learning Analytics Firm Renaissance Learning At $1B Valuation

TechCrunch

Renaissance Learning , one of the leading cloud-based K-12 assessment and learning analytics companies, today announced that it has raised a $40 million investment from Google Capital. This marks the first investment in education for Google Capital, the search giant’s late-stage investment vehicle, and makes Google a minority owner of the company.

Google Capital, which launched its fund last summer, made the investment at a $1 billion valuation for Renaissance Learning. A representative from Google Capital will join the company’s board of directors.

While Renaissance Learning may be relatively unknown, the Wisconsin-based company has a large presence in the education space. Founded in 1984, it started with a software-based assessment tool for teaching reading skills. Today, it offers a wide variety of desktop- and web-based learning and assessment tools, but at its core, its mission remains to provide a data-driven approach to learning to both teachers and learners…

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