Formative (Educational Software) Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 81

Employees

  • Latest Deal Type
  • M&A

Formative (Educational Software) General Information

Description

Developer of a formative assessment application designed to make learning sessions interactive. The company's platform collaborates and administers common assessments to accelerate student growth at every level, enabling teachers to improve their classroom performance with actionable metrics.

Contact Information

Website
www.formative.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 1158 26th Street
  • Suite 161
  • Santa Monica, CA 90403
  • United States
+1 (833)
Primary Industry
Educational Software
Other Industries
Educational and Training Services (B2C)
Information Services (B2C)
Parent Company
Newsela
Vertical(s)
SaaS, EdTech, Mobile
Corporate Office
  • 1158 26th Street
  • Suite 161
  • Santa Monica, CA 90403
  • United States
+1 (833)

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Formative (Educational Software) Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 27-Jun-2023 Completed Generating Revenue
5. Later Stage VC (Series A) 15-Jun-2021 Completed Generating Revenue
4. Seed Round 29-Sep-2020 Completed Generating Revenue
3. Accelerator/Incubator 01-Jan-2015 Completed Startup
2. Accelerator/Incubator 13-Dec-2013 Completed Startup
1. Accelerator/Incubator 01-Jul-2013 Completed Startup
To view Formative (Educational Software)’s complete valuation and funding history, request access »

Formative (Educational Software) Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A
Seed 4
Seed 3
Seed 2 1,334,674 $0.000100 $1.25 $1.25 1x $1.25 9.3%
Seed 1 1,935,031 $0.000100 $1.78 $1.78 1x $1.78 13.48%
To view Formative (Educational Software)’s complete cap table history, request access »

Formative (Educational Software) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a formative assessment application designed to make learning sessions interactive. The company's platform c
Educational Software
Santa Monica, CA
81 As of 2023

Wisconsin Rapids, WI
 

Dania Beach, FL
 
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Formative (Educational Software) Competitors (31)

One of Formative (Educational Software)’s 31 competitors is Renaissance Learning, a Private Equity-Backed company based in Wisconsin Rapids, WI.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Renaissance Learning Private Equity-Backed Wisconsin Rapids, WI
Nearpod Private Equity-Backed Dania Beach, FL
Discovery Education Private Equity-Backed Charlotte, NC
Quizlet Venture Capital-Backed San Francisco, CA
Hāpara Private Equity-Backed Chicago, IL
You’re viewing 5 of 31 competitors. Get the full list »

Formative (Educational Software) Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Formative (Educational Software) Former Investors (21)

Investor Name Investor Type Holding Investor Since Participating Rounds
4.0 Schools Accelerator/Incubator
Angel (individual) Minority
Angel (individual) Minority
Angel (individual) Minority
Emerson Collective Impact Investing Minority
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Formative (Educational Software) FAQs

  • When was Formative (Educational Software) founded?

    Formative (Educational Software) was founded in 2013.

  • Where is Formative (Educational Software) headquartered?

    Formative (Educational Software) is headquartered in Santa Monica, CA.

  • What is the size of Formative (Educational Software)?

    Formative (Educational Software) has 81 total employees.

  • What industry is Formative (Educational Software) in?

    Formative (Educational Software)’s primary industry is Educational Software.

  • Is Formative (Educational Software) a private or public company?

    Formative (Educational Software) is a Private company.

  • What is Formative (Educational Software)’s current revenue?

    The current revenue for Formative (Educational Software) is .

  • How much funding has Formative (Educational Software) raised over time?

    Formative (Educational Software) has raised $76.7M.

  • Who are Formative (Educational Software)’s investors?

    4.0 Schools, , , , and Emerson Collective are 5 of 21 investors who have invested in Formative (Educational Software).

  • Who are Formative (Educational Software)’s competitors?

    Renaissance Learning, Nearpod, Discovery Education, Quizlet, and Hāpara are some of the 31 competitors of Formative (Educational Software).

  • When was Formative (Educational Software) acquired?

    Formative (Educational Software) was acquired on 27-Jun-2023.

  • Who acquired Formative (Educational Software)?

    Formative (Educational Software) was acquired by Newsela.

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