Newsela Lands $27,600,000 Series A Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7c4bd062-93e0-4688-aaf5-2557b7c7953b
Date
9/17/2014
Company Name
Newsela
Mailing Address
46 Ingram Street Forest Hills, NY 11375 USA
Company Description
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.
Website
http://www.newsela.com
Transaction Type
Venture Equity
Transaction Amount
$27,600,000
Transaction Round
Series A
Proceeds Purposes
We are deploying engineering teams, ramping sales and marketing and [continuing with] data acquisition.
M&A Terms
Venture Investor
Venture Investor