Altschool raises $100M

What does Altschool do?

Altschool, is a network of schools with an interdisciplinary team who aim at providing experimental leanring.  The team consists of technologists, educators, entrepreneurs who build a network of schools for prepping students to change our world. Every school is able to adapt to needs of students, their families and the surrounding community.  It is a huge network which connects everybody together and enables a big effort to improve education. Underlying all of this co-ordination is a platform and a curriculum which is customized to every individual child.

How much Altschool was funded?

Altschool raises $100 M on May 4^th, 2015 from the investors- Founders Fund, Priscilla Chan’s foundation, Emerson Collective, Andreessen Horowitz, First Round, John Doerr, Learn Capital along with other venture backers and philanthropic organizations.

Previous funding

An undisclosed amount in Seed round on August 1, 2013 from Rick Marini, Collaborative Fund, Red Swan Ventures, Matrix Partners, Kortschak Investments, L.P. and Harrison Metal.

$33M in Series A funding on March 18, 2014 from William Guttman, Eric Kagan, SherpaVentures, Learn Capital, Jonathan Sackler and Harrison Metal.

What is next for Altschool?

The company’s $100 million funding includes a new debt facility to fund the expansion of schools. This more marks the firm’s shift from proving its ideas to personalized education by building its own schools for sharing and licensing the individualized learning model with educators who are willing to adopt this approach.  The company is set to launch its schools in Palo Alto, Brooklyn and San Francisco this fall and later in the rest of the country.

More about Altschool

Altschool was founded on January 1^st, 2013 by Bharat Mediratta and Max Ventilla. It has its headquarters in San Francisco, CA. Its vision is to transform the elementary and middle school experience via personalized learning and smart operating systems.