Funding round
Age of Learning Growth
Reported as "Growth Equity"
Age of Learning, which works in digital learning platform development in Glendale, raised $300M in a Growth round announced on 1 Jul 2021, led by TPG, at a $3.00B post-money valuation. 3 firms took part. It is Age of Learning's second venture round on record; the one before was a Growth in May 2016.
$300M
Amount raised
$3.00B
Post-money valuation
$2.70B pre-money
3
Investors
1 lead
3.0x
Step-up from the Growth
$1.00B in May 2016
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Age of Learning at $3.00B after the new money, 3.0 times the $1.00B of its Growth (May 2016). The $300M bought investors about 10% of the company. It came 62 months after Age of Learning's Growth. It is 67% of the $450M Age of Learning has raised in the venture rounds on record. No later venture round is on record for Age of Learning.
Age of Learning's funding rounds
Age of Learning has 2 venture rounds on record. This one is highlighted.
- Growth 3 May 2016, led by Iconiq Capital $150M$1.00B post-money
- Growth this round 1 Jul 2021, led by TPG $300M$3.00B post-money
Investors
Who put money in
TPG led the round with 2 other firms.
Lead investor
- TPG backs 114 venture-backed companies new investor
Also in the round
- Qatar Investment Authority backs 71 venture-backed companies new investor
- Madrone Capital Partners 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
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Yanolja Tech Companies | 15 Jul 2021 | $1.70B | $9.00B | SoftBank Vision Fund |
| insightsoftware Tech Companies | 13 Jul 2021 | $1.00B | $4.00B | Hg and TA Associates |
| Availity Tech Companies | 1 Jul 2021 | $452M | not disclosed | Francisco Partners |
| Netskope Tech Companies | 9 Jul 2021 | $300M | $7.50B | ICONIQ Growth |
| Tech Companies | 20 Jul 2021 | $235M | not disclosed | General Atlantic |
| C4 Tech Companies | 29 Jul 2021 | $215M | $2.30B | Summit Partners |
| Orca Security Tech Companies | 4 Jul 2021 | $150M | $1.75B | not named |
| Tech Companies | 7 Jul 2021 | $100M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Age of Learning raise in its Growth round?
Age of Learning raised $300M in its Growth round, announced in Jul 2021.
Who led Age of Learning's Growth round?
TPG led it, with Qatar Investment Authority and Madrone Capital Partners.
What was Age of Learning's valuation at the Growth round?
$3.00B post-money ($2.70B pre-money).
How does it compare with other Growth rounds in Tech Companies?
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median.