Knewton Overview
Knewton is an online learning company that offers preparation courses for standardized tests, such as the GMAT and LSAT. The company was founded in 2008 by Jose Ferreira, a former executive at Kaplan, Inc. Based in New York City, it has raised $2.5 million in investment capital from Accel Partners, Reid Hoffman, Ron Conway, and Josh Kopelman at First Round Capital. The company was a finalist in...More»
Knewton is an online learning company that offers preparation courses for standardized tests, such as the GMAT and LSAT. The company was founded in 2008 by Jose Ferreira, a former executive at Kaplan, Inc. Based in New York City, it has raised $2.5 million in investment capital from Accel Partners, Reid Hoffman, Ron Conway, and Josh Kopelman at First Round Capital. The company was a finalist in the 2008 Amazon Web Services Start-Up Challenge.
In April 2009 Knewton closed a $6 million Series B round of funding led by Bessemer Venture Partners with returning investors.
Knewton uses adaptive learning technology to identify each student's particular strengths and weaknesses. Concepts are tagged at very specific levels, testing students' grasp of hundreds of skills measured by standardized tests. The company first launched with a GMAT preparation course.
Knewton plans to apply its online adaptive learning technology to the textbook industry.«Less
Key People
Management
Board of Directors
Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 05/2008 | Series A | 2.5M | Unknown | |
| 2009 | Series B | 6M | Unknown |
Products
| Name: | Online GMAT Course |
| Product URL: | http://www.knewton.com/GMAT |
| Date Launched: | 11/2008 |
| Description: | Study when you want, where you want. Attend live classes from anywhere in the world or view archives on demand. Knewton GMAT Prep has developed the industry's first adaptive learning engine, customizing educational content to meet the individual needs of each student. |
| Name: | Online LSAT Course |
| Product URL: | http://www.knewton.com/lsat/ |
| Date Launched: | 03/2009 |
| Description: | Knewton’s online LSAT prep course leverages technology to bring the brightest, most experienced teachers to students around the world. Until now, students were subject to the local teachers in their area, regardless of experience or expertise. Knewton has assembled some of the best instructors in the industry to reach many more students through the internet. |
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05/29/2009 10:15AM by talldude
User Opinions
Bulls vs. Bears (4)
| Bullish Opinions (3) | Author/Date | Do you agree? | |
|---|---|---|---|
|
their classes are totally awesome |
randomturn 11/25/2008 |
100% 2 votes 2 0% 0 |
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Management/board have strong experience |
need4speed 06/16/2008 |
100% 2 votes 2 0% 0 |
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education is always top priority for many people |
need4speed 06/16/2008 |
100% 2 votes 2 0% 0 |
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| Bearish Opinions (1) | Author/Date | Do you agree? | |
|---|---|---|---|
|
Mildly bearish. Unclear differentiated value concept, limited educational market range. |
acqua 04/21/2009 |
50% 2 votes 1 50% 1 |
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Knewton, scores high and raises cash
Apr 7, 2009 - 0 comments
Knewton Bags $6 Million Series B Round For Adaptive Learning Platform
Apr 7, 2009 - 0 comments
Knewton Takes Adaptive Learning To The Next Level
Dec 23, 2008 - 0 comments
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Nov 24, 2008 - 0 comments
Amazon announces finalists for its $100,000 Startup Challenge
Nov 7, 2008 - 0 comments
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