“We identified DreamBox as a leading innovator pushing the industry forward with highly efficacious solutions. We look forward to partnering with Jessie Woolley-Wilson, the entire DreamBox team, and The Rise Fund in this new chapter for the Company, bringing together our expertise in data and SaaS technologies, and sustainable growth at scale,” said Christian Heim, Managing Director at Evergreen Coast Capital Corp. “DreamBox is a compelling extension of Evergreen’s continued investment effort in the EdTech market. This milestone is a testament to our belief that we can ‘do well to do good’ as we deliver highly engaging and adaptive mathematics and reading solutions that unlock learning potential for all students.” “Our mission is to radically transform the way the world learns, and this partnership will propel DreamBox into the next phase of growth as we expand the reach of our best-of-breed, dual-discipline solution. Evergreen not only recognizes what DreamBox has achieved, but also what more our team can do for education with the right complement of engaging and personalized learning technology combined with powerful predictive and real-time analytics that empower learning guardians,” said Jessie Woolley-Wilson, President and CEO of DreamBox Learning. “We are in an historic moment in the EdTech industry, and all of us at DreamBox have been inspired to see teachers embrace blended learning solutions that are proven to advance the mathematics and reading skills of students both in the classroom and at home. We look forward to partnering with the teams at DreamBox and The Rise Fund to make a significant impact in education” Jessie Woolley-Wilson’s impressive, values-driven leadership has resulted in a differentiated product offering.
DreamBox also expanded its leadership team this year and acquired two companies in the English Language Arts (ELA) market to offer a dual-discipline solution, which now supports approximately 6 million students and 400,000 educators. The deal follows a record year for DreamBox, on target for over $100 million in revenue and nearly 40% growth as K-12 schools accelerate adoption of proven-effective blended learning solutions. TPG’s The Rise Fund will retain a significant minority stake and continue to be represented on the company’s Board of Directors.
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(“Evergreen”), investors in software and technology businesses seeking growth and scale, have signed a definitive agreement for Evergreen to acquire a majority stake in DreamBox. Transaction Caps Record Year of Growth, Advancing Mathematics & Reading for Six Million StudentsīELLEVUE, Wash.–( BUSINESS WIRE)– DreamBox Learning, the leading education technology provider that pioneered intelligent adaptive learning, and Evergreen Coast Capital Corp.
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