IGNITE! Reading Announces $10m Series A Financing To Meet Accelerating School Demand For Its Virtual 1:1 Literacy Tutoring Program
SAN FRANCISCO – Ignite! Reading, a quickly rising supplier of digital tutoring providers that allow Ok-12 faculties to dramatically speed up pupil studying progress, closed a $10 Million Series A spherical of financing, led by Rethink Education. Citadel Founder and CEO Ken Griffin and founding or present companions from Comcast Ventures, Draper Richards Kaplan Foundation, Hellman & Friedman and Wing Venture Capital additionally participated within the financing as particular person traders. The funding will likely be used so as to add extra world-class professionals to Ignite’s management crew, spend money on its expertise platform, and allow the corporate to scale its program to satisfy accelerating demand from faculties and districts nationwide.
Ignite helps Ok-12 faculties reverse pandemic-related studying losses by offering struggling readers with quarter-hour a day of one-on-one digital instruction by tutors skilled within the Science of Reading. Ignite’s easy-to-implement program teaches foundational studying expertise, and college students recorded a median of two.4 weeks of studying progress for each week in this system in the course of the 2021-2022 faculty yr. The firm is now educating college students to learn in over 35 faculties throughout seven states with no achievement hole for college kids of colour, college students with IEPs, multilingual learners or college students receiving free or reduced-price lunches.
“With students learning to read at twice the rate that would be expected in a traditional classroom setting, Ignite! Reading’s one-on-one, high-dosage tutoring model is not just transforming how kids are taught to read, but how literacy instruction is being operationalized in schools. Teachers love the academic results Ignite is delivering and are equally excited by the significant positive impact on students’ social emotional learning,” stated Jessica Reid Sliwerski, Co-Founder and CEO of Ignite! Reading.
“Ignite! Reading is the real deal. Laser-focused on making sure every child has the foundational skills to read on time, Ignite is an extraordinary tech-forward tutoring program that consistently over-delivers on expectations,” stated Matt Greenfield, Managing Partner of Rethink Education.
“By leveraging technology, data-driven instruction and individualized 1:1 tutoring, Ignite is making it easy for schools to implement the Science of Reading-based literacy instruction states now require to address the fact that 67% of fourth graders cannot read at grade level,” stated Evan Marwell, Co-Founder of Ignite! Reading. “Schools love that Ignite enables them to immediately shore up students’ foundational reading skills gaps without waiting for the lengthy change management process needed to retrain teachers and switch curriculum. This latest financing round will position Ignite to supercharge reading progress for the next generation of learners.”
For extra details about Ignite! Reading go to www.ignite-reading.com.
About Ignite! Reading
Ignite! Reading’s mission is to make sure that each pupil is an unbiased reader by the tip of first grade. The group was co-founded by CEO Jessica Reid Sliwerski and Evan Marwell, Executive Chairman of Ignite and CEO of EducationSuperHighway. Ignite’s program teaches 1st-Eighth graders the foundational expertise wanted to grow to be on-grade-level, unbiased readers. Ignite pairs faculties with a devoted literacy specialist and a crew of digital studying tutors, all extremely skilled within the Science of Reading, who ship 1:1 every day instruction to college students targeted on their particular decoding gaps. Ignite’s data-driven strategy, offered by caring and expert tutors, offers children the know-how and confidence they should thrive as fluent readers. The Ignite! Reading program, delivered quarter-hour per day throughout a college’s literacy block, takes the burden of differentiated instruction off of lecturers and has an affect instantly.
eSchool Media employees cowl schooling expertise in all its features–from laws and litigation, to greatest practices, to classes discovered and new merchandise. First revealed in March of 1998 as a month-to-month print and digital newspaper, eSchool Media offers the information and knowledge obligatory to assist Ok-20 decision-makers efficiently use expertise and innovation to remodel faculties and faculties and obtain their instructional objectives.
