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Venture Capital News: Elevate K-12 Lands $40M Series C Round

2022-06-16
CHICAGO, IL, Elevate K-12 has closed a Series C $40 million round of funding.
Elevate K-12, the leading provider of high-quality live-streaming instruction for US K-12 classrooms, has closed a Series C $40M round of funding led by venture capital firm General Catalyst. The funding will support Elevate K-12 in its mission to solve the ongoing teacher-shortage crisis by scaling its live stream instruction model to more schools and districts that lack teachers in critical content areas due to zip code barriers. The funding will allow Elevate K-12 to invest in product and delivery to enhance school and classroom teaching experiences.

Elevate K-12 is an instructional services company that brings high-quality live streamed instruction into K-12 classrooms. Schools and districts partner with Elevate K-12's unique instructional solution to solve their teacher shortage challenges and overuse of long-term substitutes or low-quality teachers. Its tech-enabled service comprises Proprietary Live Instructional Management Technology, Live Instruction Service, Curriculum and Classroom Management to provide the necessary tools for collaborative teaching and learning that emulates the experience of a real, physical classroom. Elevate K-12 currently operates in 27 states and is rapidly expanding to new states and districts across the U.S. in K-12 schools.
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