Total amount raised
$30.8 Millions
Latest funding date
4/1/2022
Location
Newton School has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers AI-driven, industry-focused courses in software development and data science, aiming to prepare students for their dream tech jobs.
Keep reading to explore the intricacies of Newton School's fundraising journey and the investors backing this innovative educational platform.
What Is Newton School?
Newton School, founded in 2019 by Nishant Chandra and Siddharth Maheshwari, is based in Bengaluru, Karnataka, India. The platform specializes in providing AI-driven, industry-focused courses in software development and data science.
With a mission to prepare students for their dream tech jobs, Newton School offers professional certificate courses and degree programs. The curriculum is designed to meet industry demands, ensuring students gain the skills needed to excel in their careers.
Although the exact number of employees is not specified, the platform boasts over 1200 industry experts who contribute to the educational experience. Newton School's comprehensive approach includes placement assistance, mock interviews, and access to a network of hiring companies.
How Much Funding Has Newton School Raised?
- Seed Round
- Amount Raised: $430K
- Date: June 2019
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of the platform.
- Seed Round
- Amount Raised: $650K
- Date: September 2020
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its initial user base.
- Series A
- Amount Raised: $5M
- Date: February 2021
- Lead Investors: RTP Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development stages.
- Series B
- Amount Raised: $25M
- Date: April 2022
- Lead Investors: Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, expand the team, enhance technology, and build the brand.
Total amount raised: $31.08M. Current valuation: Not publicly disclosed.
Key Investors
- Steadview Capital
- Details: Steadview Capital is a global investment firm known for backing high-growth companies. They have a strong presence in the Indian market, investing in several unicorns.
- Investment Focus Areas: Technology, consumer services, high-growth sectors.
- Notable Investments: Nykaa, Polygon, Zomato, Freshworks.
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Delhivery, Druva, Unacademy.
- RTP Global
- Details: RTP Global is a venture capital firm focusing on early-stage technology investments. They have a global reach with a strong emphasis on innovative startups.
- Investment Focus Areas: Technology, internet companies, high-growth startups.
- Notable Investments: Cred, Delivery Hero, Datadog.
What's Next for Newton School?
Newton School stands at the cusp of significant growth opportunities. With a fresh infusion of $25 million, the platform is poised to accelerate its expansion, enhance its technology, and build a robust brand. The edtech sector's increasing demand for skilled software developers and the integration of AI in education present vast opportunities for Newton School to scale its offerings and reach a broader audience, including non-tech professionals.
Future fundraising rounds seem likely as the company continues to grow and attract interest from investors. The backing of prominent firms like Steadview Capital and Nexus Venture Partners positions Newton School well for further investment. However, challenges such as intense competition, maintaining educational quality, and adapting to rapid technological changes could test the company's resilience. Balancing growth with personalized learning experiences will be crucial for sustained success.
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