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Venture Capital News: Age of Learning Announces $300M Investment

2021-06-29
LOS ANGELES, CA, Age of Learning today announced a $300 million equity investment in the company.
Age of Learning, creator of ABCmouse Early Learning Academy, Adventure Academy, English language learning app ABCmouse English, and My Math Academy, today announced a $300 million equity investment in the company. The round is led by TPG and includes Qatar Investment Authority (QIA) and Madrone Capital Partners. The capital will be used for the company's global expansion and further increasing investment in new products and technologies to effectively educate more learners.

Age of LearningĀ® is a leading education technology innovator, creating engaging and effective learning resources to help children build a strong foundation for academic success. Based in Los Angeles, the company is Bringing Learning to LifeĀ® by blending educational expertise, innovative technology, and insightful creativity. Age of Learning's flagship product in the U.S., ABCmouse.comĀ® Early Learning Academy, is a comprehensive curriculum for preschool through second grade, available on all major digital platforms and used by tens of millions of children to date. In 2019 the company launched Adventure Academy™, the first AAA educational massively multiplayer online game (MMO), serving elementary- and middle-school-aged children with thousands of learning activities in a fun and safe virtual world. My Math Academy™ for schools is an adaptive, personalized program that helps students master foundational math concepts.
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