#Asia EDBI, TAL Education join edtech firm Knewton’s US$52M funding round

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The firm will use a portion of the capital for expansion into China, Japan, India, and Singapore

edtech

Knewton, a US-based adaptive learning technology company with operations in Asia, has raised US$52 million in funding, co-led by Belgium-based Sofina and London-based Atomico. The round also includes a US$42 million funding announced earlier.

EDBI, the corporate investment arm of the Singapore Economic Development Board, besides TAL Education Group, a leading K12 after-school tutoring services provider in China, also joined the round.

Accel Partners, Bessemer Venture Partners, FirstMark, and Peter Thiel co-founded Founders Fund also contributed.

Knewton will use the fresh capital to accelerate the rollout of its personalised learning solutions for students, in partnership with the world’s leading publishers and education companies.

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A portion of the funds will also be used to expand its domestic and international infrastructure, including technology, sales, implementation, and support teams — particularly in Asia, where the business is rapidly expanding in China, Japan, India, and Singapore.

Founded in 2008, Knewton’s mission is to personalise learning for the world. Knewton provides K12 and university-level students with tailored recommendations for exactly what to study, teachers with analytics to better support each student, and publishers with content insights to develop better products. Teachers, schools, and education companies around the globe use Knewton to power digital course materials that adapt to each student’s unique needs.

The edtech firm claims to have delivered more than 15 billion personalised recommendations to more than 10 million students on every continent except Antarctica.

Knewton has offices in New York City, London, São Paulo, and Tokyo.

The post EDBI, TAL Education join edtech firm Knewton’s US$52M funding round appeared first on e27.

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