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NEWS13 March 2014

BrightBytes boosts growth with $15m funding

Financials North America

US — BrightBytes, an educational analytics organisation, has announced the closure of $15m in series B funding.

BrightBytes’ online data analytics platform uses ideas from experts to create evidence-based frameworks. These are then combined with school or regional data in order to provide tools for understanding and improving student learning outcomes.

The investment, led by Bessemer Venture Partners (BVP) with participation from existing investors including Rethink Education and Learn Capital, will be used to accelerate the organisation’s growth and global expansion. The company intends to make key hires in the areas of engineering, data science, customer acquisition and customer success.

“We’re excited to work with Bessemer Venture Partners,” said Rob Mancabelli, co-founder and CEO of BrightBytes.

“BVP has successfully invested in education and SaaS based companies for more than a decade, and their unique perspective will help fuel the expansion of our mission-driven teams, both in the U.S. and abroad. We’re looking forward to making key hires in the areas of engineering, data science, customer acquisition and customer success.”

@RESEARCH LIVE

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