Funding round
Age of Learning Growth
Reported as "Growth Equity"
Age of Learning, which works in digital learning platform development in Glendale, raised $150M in a Growth round announced on 3 May 2016, led by Iconiq Capital, at a $1.00B post-money valuation. 1 firm took part. It is Age of Learning's first venture round on record.
$150M
Amount raised
$1.00B
Post-money valuation
$850M pre-money
1
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Age of Learning at $1.00B after the new money. The $150M bought investors about 15% of the company. It is Age of Learning's first venture round on record, 9 years after it was founded in 2007. It is 33% of the $450M Age of Learning has raised in the venture rounds on record. Age of Learning raised again 62 months later: a Growth round of $300M in Jul 2021, at $3.00B post-money.
Age of Learning's funding rounds
Age of Learning has 2 venture rounds on record. This one is highlighted.
- Growth this round 3 May 2016, led by Iconiq Capital $150M$1.00B post-money
- Growth 1 Jul 2021, led by TPG $300M$3.00B post-money
Investors
Who put money in
Iconiq Capital led the round.
Lead investor
- Iconiq Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
85 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $33M, and this round was 4.6 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 May 2016 | $50M | not disclosed | not named |
| Assent Tech Companies | 4 May 2016 | $20M | not disclosed | Volition Capital |
| Tech Companies | 16 Jun 2016 | $130M | not disclosed | not named |
| Tech Companies | 6 Apr 2016 | $50M | not disclosed | not named |
| Tech Companies | 29 Jun 2016 | $46M | not disclosed | CapitalG |
| Tech Companies | 20 Jun 2016 | $30M | not disclosed | Highland Europe |
| Tech Companies | 4 Apr 2016 | $4.0M | not disclosed | Five Elms Capital |
| Tech Companies | 1 Mar 2016 | $100M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Age of Learning raise in its Growth round?
Age of Learning raised $150M in its Growth round, announced in May 2016.
Who led Age of Learning's Growth round?
Iconiq Capital led it.
What was Age of Learning's valuation at the Growth round?
$1.00B post-money ($850M pre-money).
How does it compare with other Growth rounds in Tech Companies?
85 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $33M, and this round was 4.6 times the median.
Did Age of Learning raise again after this round?
Yes: a Growth round in Jul 2021 of $300M at $3.00B post-money.