LearnZillion snag a cool $1M

EXCLUSIVE! LEARNZILLION: $1 million for Washington DC-based "social mission" company (read: for profit), LearnZillion, which offers free video lessons, starting with math and early literacy. NewSchool Venture Fund is an investor in this round, which also included grants from the Next Generation Learning Challenges (under the prior names, Scholar Rocket and Learning Match) and the Charles and Helen Schwab Foundation. Worth noting: foundations are stepping into the "for profit" funding circle. Yah!

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