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HomeFinTechNoRedInk: Raises $50M in Series B Funding

NoRedInk: Raises $50M in Series B Funding

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NoRedInk Raises $50M in Series B Funding

  • NoRedInk, a San Francisco, CA-based provider of a digital writing curriculum used in US school districts, raised $50m in Series B funding
  • The round was led by Susquehanna Growth Equity with participation from True Ventures
  • The company intends to use the funds to continue to improve its product and expand its business reach
  • The company provides students in over 60% of US school districts with an adaptive writing curriculum that engages them with exercises based on their interests
  • The company has a free, limited version for teachers to try, and thousands of schools request upgrades to the paid version every month
  • The paid version also integrates with popular learning management systems and allows administrators to track progress at the school and district level

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