Ignite Reading Announces $10M Series A Financing for Virtual Literacy Tutoring

February 13, 2023

Ignite! Reading, a rapidly growing provider of virtual tutoring services that enable K-12 schools to dramatically accelerate student reading progress, closed a $10 Million Series A round of financing, led by Rethink Education. Citadel Founder and CEO Ken Griffin and founding or current partners from Comcast Ventures, Draper Richards Kaplan Foundation, Hellman & Friedman and Wing Venture Capital also participated in the financing as individual investors. The funding will be used to add more world-class professionals to Ignite’s leadership team, invest in its technology platform, and enable the company to scale its program to meet accelerating demand from schools and districts nationwide.

About the Author

Ileana Street

Ileana Street is the VP of Marketing for Ignite Reading and dedicated to spreading the word about how schools and districts can ensure all students become fluent readers by the end of first grade. She has led marketing for organizations that empower youth such as Galileo Learning and Avid4 Adventure.