Chicago-based edtech platform Espark raises $25M to grow its student-centric learning program
ESpark is a major developer of individualised learning software that enables students to enjoy studying and achieve academic and life success. The platform offers engaging, standards-based courses that help K-5 kids excel at their own level in reading and arithmetic. Recently Espark announced that it has raised $25 Million in a funding round. The latest funding round was led by Quad Partners. In terms of the funds raised, Founder and CEO of ESpark, David Vinca, said in a statement, “The effects of the past couple years have severely widened existing learning gaps in schools across the nation. This funding from Quad Partners will allow us to invest in our product, grow our talented team and to reach more students when they need us most.” In 2012, Espark secured $5.7 million in a Series a fundraising round headed by MK Capital, Learn Capital, and NewSchools Venture Fund, with participation from 500 Start-ups. Espark’s aim is to re-imagine learning by partnering with schools to place kids at the centre of education and assist districts in achieving better academic results.