ImpactAlpha, November 9 — Bellevue, Wash.-based DreamBox, launched in 2006, provides personalized math and reading content to approximately six million K-12 students and 400,000 educators in the U.S, U.K. Canada, Mexico and Australia.
The investment “will propel DreamBox into the next phase of growth as we expand the reach of our best-of-breed, dual-discipline solution,” said CEO Jessie Woolley-Wilson. The personalized learning company said it is on track to reach $100 million in revenue this year.
The Rise Fund
The TPG impact fund, which invested $130 million in DreamBox in 2018, will retain a significant minority stake in the company. TPG Rise’s Steve Ellis and John Rogers will remain on the board of directors.
“DreamBox demonstrates the power of those business models in which social impact and financial performance are colinear,” Ellis said.
The Rise Fund recently acquired a majority stake in Houston-based Teachers of Tomorrow, an alternative certification program for teachers. Its edtech portfolio includes InStride, Renaissance Learning, Everfi, Digital House, Grupo VI-DA and LEAD.