Fundraising Fox

Formative

5 known investors

formative.com β†—

Formative is an AI-powered instruction and assessment platform for K-12 education, letting teachers build interactive lessons, run real-time assessments, and track student mastery in one workflow. It serves individual teachers, schools, and district-level teams, with features like Luna AI creation tools, auto-grading, standards alignment, and integrations with Google Classroom, Clever, and ClassLink.

AI & Machine LearningEdTechSaaS

Founders & leadership

KMKevin McFarland
Kevin McFarlandinCo-Founder and CFO/COO2013–2024

Investors Β· 5

FikaCulver City Β· $1M – $10M
MaC Venture CapitalLos Angeles Β· $500K – $2M
Fika VenturesreportedCulver City Β· $250K – $2M
Rethink EducationreportedWhite Plains
Summit PartnersreportedBoston Β· $10M – $500M

In the news

Software Developer Formative Raises $70 Million - Los Angeles Business Journallabusinessjournal.com Β· Jun 2021Formative Receives $70M Minority Growth Investment - FinSMEsfinsmes.com Β· Jun 2021Formative, a student learning and analytics platform, raises $70M to challenge the summative, test-based approach to education | TechCrunchtechcrunch.com Β· Jun 2021Formative Announces $70 Million Minority Growth Investment to Accelerate Impact in K-12 Classroomsbusinesswire.com Β· Jun 2021Formative Edtech Raises $70M Series A Round - dot.LAdot.la Β· Jun 2021Alternative Ways To Fund Formative | Formative Help Centerhelp.formative.com

Frequently asked questions

What does Formative do?
Formative is an AI-powered instruction and assessment platform for K-12 education, letting teachers build interactive lessons, run real-time assessments, and track student mastery in one workflow. It serves individual teachers, schools, and district-level teams, with features like Luna AI creation tools, auto-grading, standards alignment, and integrations with Google Classroom, Clever, and ClassLink.
Who founded Formative?
Formative was founded by Kevin McFarland.
Who are Formative's investors?
Formative's investors include Fika, MaC Venture Capital, Fika Ventures, Rethink Education, Summit Partners.