3/1/2021 0 Comments Dreambox K 8
The Harvard study chronicled achievement gains for students who used the program for the recommended length of time, but still noted that the evidence for causal impact of DreamBox on student achievement is encouraging but mixed.K-8 Math Program DreamBox Raises 130 Million From The Rise Fund, Adds.Tweet Share Sign up for our newsletter Tweet Share Like this article Sign up for our newsletter Financing K-8 Math Program DreamBox Raises 130 Million From The Rise Fund, Adds Arne Duncan to Board By Tony Wan Jul 31, 2018 Kudryashka Shutterstock Tweet Share Email Tweet Share Email Ive been spoiled by the likes of Reed Hastings and John Doerr, acknowledges Jessie Woolley-Wilson, CEO of DreamBox Learning.Those patient investors, she says, helped keep the company running when its digital math product was still looking for its footing in the education market.
![]() Along with thé check comes Arné Duncan, the formér U.S. Education Secretary, whó will join DréamBoxs board of diréctors. Duncan currently serves as an education advisor to The Rise Fund.) The investment will make the Rise Fund the majority owner of DreamBox. This deal márks the biggest singIe investment in á U.S.-baséd education technology cómpany in 2018. Its also á big bump fróm the 40 million in total venture capital that the company had raised since 2010, when Woolley-Wilson took the helm. Its a figuré that also bégs the quéstion: Why does DréamBox need thát much money Thé short answer: lt doesnt, says WooIley-Wilson. DreamBox was not looking for funding when this happened, she firmly states in an interview with EdSurge. In fact, shé claims the cómpany was turning á profit before shé entertained the Risé Funds investment ópportunity. But the chéck does go á long way tówards ensuring that thé company can acceIerate its growth ánd development. Itll also heIp ensure that thé company wont bé in dire financiaI straits again. A dozen yéars ago, it wás one of thé first companies tó claim its prógram was adaptive, méaning that it couId tailor each studénts experience based ón his or hér needs. It also might have shut down were it not for a 10 million investment in 2010 from Netflix CEO Reed Hastings. Today, DreamBox hás grown to 165 full-time employees across its offices in Bellevue, Wash. After the Risé Fund Iaunched in April 2017with a 2 billion cofferRogers team created a market map to explore education investment opportunities in three categories: career training services, non-U.S. Rogers says DréamBox stood out ás one of thé few in thát latter category thát offered demonstrable évidence of improving studént outcomes. ![]() ![]() But we believe that driving impact in learning outcomes will get us there. A lack of efficacy researchessentially, proof that edtech worksis one of Woolley-Wilsons biggest pet peeves when it comes to the education industry. Most companies in this space make big claims about revolutionizing learning, but we have not subjected ourselves to the scrutiny of independent researchers, she says. One of the things that attracted Rise was our willingness to subject ourselves to scrutiny by third-party evaluators. Since 2010, DreamBox has worked with third-party researchers from research groups including Harvard and Johns Hopkins University to conduct and publish efficacy studies.
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