KnowRe, a Korean education technology company with a cloud-based adaptive learning program for secondary mathematics has just secured $6.8 million in a funding round led by Softbank Ventures. KTB Network Co., LTD, Partners Investment, SparkLabs Global Ventures and a number of other investors joined the round.
KnowRe launched in March 2014 after a year-long beta period in which the company hosted a successful pilot program involving dozens of middle and high schools in the US. David Joo, CEO of KnowRe said of the new funding, that it would be used "to scale our distribution in the US on the heels of strong demand from schools and districts since our launch."
The company also plans to extend product development and offerings for Asia. “Gaining the support and validation of such well-respected partners is a proud achievement for KnowRe,” added YJ Kim, Co-CEO of KnowRe. “The investment enables us to broaden our mission of personalizing education for each individual student while providing teachers and schools with the data and tools to help deliver differentiated instruction to all of their students,” he added.
KnowRe’s founders realized that technology could be integrated into education to assess a student’s individual strengths and weaknesses and then to algorithmically deliver an adaptive and personalized curriculum to fill those learning needs.
Sean Lee, Executive Director at SBVK commented that since their first investment "KnowRe has continued to demonstrate their ability to execute on their vision and we are excited about their plans to grow in the US and Asia.”
About KnowRe:
KnowRe is an education technology company with an innovative cloud-based adaptive learning program for secondary mathematics. KnowRe assesses a student’s strengths and weaknesses, algorithmically creates a personalized curriculum targeting that individual’s gaps in learning, and engages students through gamified learning and beautiful graphics. Through its Teacher Dashboard, KnowRe provides teachers with data on each student’s progress and highlights where an individual, or the entire class, may be struggling. KnowRe’s flexibility allows schools to use the program in a variety of ways – from core to supplemental, from remediation to enrichment. KnowRe’s mission is to provide the most personalized and engaging learning experience to students around the world – while innovation may be at the heart of a society’s growth, education lies at the heart of innovation.
