TechCrunch | 12.20.13

Powering Smart Content For Publishing Giants, Knewton Lands $51M To Take Personalized Learning Global

By Rip Empson

Just when it looked like the bubble might be cracking, that venture capital investment in education was stuck in the doldrums, and that the year in EdTech might end with a whimper, no bang in sight, along comes Knewton to put an exclamation point on an active December.

In a whopping round that stands as the fifth largest venture investment for an education company in 2013, TechCrunch has learned that the New York City-based EdTech veteran has just closed a $51 million financing, led by London venture firm, Atomico. The round also sees GSV Capital join as a first-time investor, along with participation from existing backers, including Accel Partners, Bessemer Venture Partners, First Round Capital, FirstMark Capital and Founders Fund, along with debt financing from Silicon Valley Bank.

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