The amount of 100 million dollars in funding was raised by AltSchool in order to further its vision to reinvent U.S education from the ground up.
In 2013, founder Max Ventilla and his team of renowned educators and technologists began AltSchool by asking, how would school look if we designed it from scratch today?
They evaluated everything, from what role teachers should play to how technology could complement the physical classroom. What they discovered is that our children can get a completely different education than what most believe is possible. So, AltSchool started building schools, each supported by a proprietary technology platform that made all this possible. In 2013, there were 20 students in one school.
This year, there will be up to 500 students in eight schools. And soon, AltSchool will start offering its model to schools nationwide, so that each child can access a high-quality education that will help them reach their full potential.
Founders Fund, Andreessen Horowitz, Mark Zuckerberg, Emerson Collective, First Round Capital, Learn Capital, Omidyar Network led the round.