"We are in an historic moment in the EdTech industry, and all of us at DreamBox have been inspired to see teachers embrace blended learning solutions that are proven to advance the mathematics and reading skills of students both in the classroom and at home. DreamBox also expanded its leadership team this year and acquired two companies in the English Language Arts (ELA) market to offer a dual-discipline solution, which now supports approximately 6 million students and 400,000 educators. The deal follows a record year for DreamBox, on target for over $100 million in revenue and nearly 40% growth as K-12 schools accelerate adoption of proven-effective blended learning solutions.
TPG’s The Rise Fund will retain a significant minority stake and continue to be represented on the Company’s board of directors.
("Evergreen"), investors in software and technology businesses seeking growth and scale, have signed a definitive agreement for Evergreen to acquire a majority stake in DreamBox. Transaction Caps Record Year of Growth, Advancing Mathematics & Reading for Six Million StudentsīELLEVUE, Wash., November 08, 2021-( BUSINESS WIRE)- DreamBox Learning, the leading education technology provider that pioneered intelligent adaptive learning, and Evergreen Coast Capital Corp.