Brief

BrightBytes raises $33M in latest funding round

Dive Brief:

  • BrightBytes' Series C funding round raked in $33 million, with venture capital firm Insight Venture Partners, Bessemer Venture Partners, Learn Capital, and Rethink Education among investors.
  • The ed tech developer produces Clarity, a platform that helps K-12 administrators link spending to learning outcomes.
  • According to a release, approximately a fifth of U.S. schools use Clarity to track technology spending in access, classroom, skills, and school environment to help inform administrators’ decision making.

Dive Insight:

The new funds will go toward globalizing Clarity’s user base and building out the platform.

Insight Venture Partners has begun to develop a reputation for education investments. Notable past investments include leading funding rounds for Pluralsight, a professional development library, and Instructure, which developed the Canvas learning management system. It also participated in a funding round for online learning marketplace Udemy.

"We are pleased to join with BrightBytes as they continue their rapid growth," said Nick Sinai, Venture Partner at Insight Venture Partners.  "We see a large global market using data analytics to improve education, and the BrightBytes team is building a category-defining company.”

Filed Under: K12 Technology
Top image credit: Flickr user 401(K) 2012