KNEWTON, the New York City-based startup that offers adaptive learning technologies for K-12 and higher education, has closed a $ 52 million round of funding led by Sofina, a Belgian group, and returning London investor Atomico.
Other international investors joined the round, including Singapore’s EDBI, and China’s TAL Education Group. Knewton aims to expand technology, sales, implementation and support teams internationally with the funding.
This amount includes the $ 42 million announced last November. This is the largest funding round the company has raised to date, but only by a million dollars; Atomico led a $ 51 million round in 2013. In total, Knewton has raised $157 million since its foundation, in 2008.
