Total amount raised
$32.7 Millions
Latest funding date
7/1/2019
Location
Panorama Education has successfully raised $32.7 million over five funding rounds, with backing from top investors and Y Combinator. The company focuses on improving educational outcomes through a holistic view of student data.
Keep reading to explore the intricacies of Panorama Education's fundraising journey and the investors supporting this impactful platform.
What Is Panorama Education?
Panorama Education, founded by Aaron Feuer, is a Boston-based company dedicated to improving education for every student. The company serves over 2,000 school systems and 15 million students across all 50 states.
Panorama provides a platform that helps educators collect and analyze data on academic and non-academic factors crucial to student success. Their tools include real-time data pipelines, analytics, and user experience design to make the data actionable.
With a team of 201-500 employees, Panorama Education continues to grow, offering both in-office and remote work options. Their mission is to radically improve education for every student.
How Much Funding Has Panorama Education Raised?
- Seed Round
- Amount Raised: $120,000
- Date: March 2013
- Motivation Behind the Round: Early-stage funding to kickstart the company's operations.
- Seed Round
- Amount Raised: $4,000,000
- Date: October 2013
- Lead Investors: Mark Zuckerberg and Priscilla Chan, SoftTech VC
- Motivation Behind the Round: To enhance data collection and analysis in schools to improve teaching methods and address issues like bullying.
- Series A
- Amount Raised: $12,000,000
- Date: August 2015
- Lead Investors: Spark Capital, Owl Ventures
- Motivation Behind the Round: To expand services to more school districts and improve educational outcomes by collecting and analyzing more meaningful data.
- Series B
- Amount Raised: $16,000,000
- Date: November 2017
- Lead Investors: Emerson Collective
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Unknown Round
- Amount Raised: $550,001
- Date: July 2019
- Motivation Behind the Round: Likely for operational expansion and new initiatives.
Total Amount Raised: $32.7 million
Current Valuation: $100 million (~estimated)
Key Investors
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding, advice, and connections to early-stage startups. It has been instrumental in the growth of numerous successful companies.
- Investment Focus Areas: Technology, healthcare, education.
- Notable Investments: Dropbox, Airbnb, Stripe.
- Emerson Collective
- Details: Emerson Collective is an organization founded by Laurene Powell Jobs that focuses on social change through investments and philanthropy. It aims to strengthen schools, secure rights for immigrants, and restore the relationship between humanity and nature.
- Investment Focus Areas: Education, immigration rights, environmental sustainability.
- Notable Investments: AltSchool, Andela, Byju's.
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in startups across various stages and sectors. It has a strong track record of backing innovative technology companies.
- Investment Focus Areas: Technology, media, consumer products.
- Notable Investments: Twitter, Slack, Oculus.
- Owl Ventures
- Details: Owl Ventures is a venture capital firm that focuses exclusively on education technology companies. It aims to support innovative solutions that improve educational outcomes.
- Investment Focus Areas: Education technology.
- Notable Investments: DreamBox Learning, Newsela, Quizlet.
- Chan Zuckerberg Initiative
- Details: The Chan Zuckerberg Initiative is a philanthropic organization founded by Mark Zuckerberg and Priscilla Chan. It aims to advance human potential and promote equality through investments in education, science, and justice.
- Investment Focus Areas: Education, science, justice.
- Notable Investments: AltSchool, Andela, Byju's.
What's Next for Panorama Education?
Panorama Education stands at the cusp of significant growth opportunities. With the recent $16 million Series B funding, the company is poised to expand its reach, enhance its product offerings, and scale operations. The education technology sector's increasing focus on data-driven decision-making and personalized learning presents a fertile ground for Panorama to grow its customer base and enter new markets.
Future fundraising seems promising, given the successful past rounds and the involvement of high-profile investors like the Chan Zuckerberg Initiative and Emerson Collective. These investors not only provide capital but also open doors for strategic partnerships. However, challenges such as competition in the edtech space and the need to demonstrate measurable outcomes remain. Ensuring data privacy and adapting to diverse school environments will be crucial as they navigate this growth trajectory.
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