IGNITE! Reading Announces $10m Series A Financing To Meet Accelerating School Demand For Its Virtual 1:1 Literacy Tutoring Program
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.