Education Analytics Firm BrightBytes Raises $15m

San Francisco-based educational analytics firm BrightBytes has raised $15m in a Series B round of investment, earmarked for global expansion.

BrightBytes' online analytics platform uses ideas from experts worldwide to create evidence-based frameworks, which can be combined with school or regional data to understand and improve student learning outcomes.

New funding has been led by Bessemer Venture Partners (BVP) with participation from existing investors including Rethink Education and Learn Capital. Previous funders include NewSchools Venture Fund.

Rob Mancabelli (pictured), co-founder and CEO of BrightBytes, comments: 'BVP has successfully invested in education and SaaS based companies for more than a decade, and the firm's unique perspective will help fuel the expansion of our teams, both in the US and abroad. We're looking forward to making key hires in the areas of engineering, data science, customer acquisition and customer success.'

Web site: www.brightbytes.net .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.