Fundraising Fox
Formative
acquired by Newsela6 known investors
Find your way into Formative
Sign up to see every warm intro you have to Formative
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Formative team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Acquired by Newsela June 2023 · terms undisclosed — undisclosed · source ↗
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.
Founders & leadership
Investors · 6
How we know: Fika's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: MaC Venture Capital's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: Summit Partners's portfolio page · funding news · techcrunch.com · Not right? Tell us
How we know: funding news · techcrunch.com · Not right? Tell us
How we know: funding news · techcrunch.com · Not right? Tell us
Also in the syndicate · 1
Funding
SEC filings, press & company announcements$70M disclosed across 1 round · 2021
- $70MraisedJun 2021 · 4 sources
Summit Partners (lead), Fika Ventures, Mac Ventures, Rethink Education
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
In the news
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, Summit Partners, Fika Ventures, Rethink Education.
- How much funding has Formative raised?
- Formative has disclosed $70M raised across 1 round.
- Who acquired Formative?
- Formative was acquired by Newsela.