Google invests $40M in Renaissance Learning

The funds actually comes from Google Capital, which has invested in only two other companies to this point.

Google Capital, an investment arm for the search giant that has spent its cash on only two companies prior to this, has invested in Renaissance Learning.

Google Capital invested $40 million into Renaissance Learning, based on a $1 billion valuation. The news was shared on Wednesday with Recode. Google Capital has previously invested in Survey Monkey and Lending Club.

Renaissance Learning is one of many educational companies aimed at improving education at the K-12 levels. The company provides resources to schools to help them teach math and reading. The company told Recode that it currently has 18 million paid subscribers.

About the author

Don Reisinger is a technology columnist who has covered everything from HDTVs to computers to Flowbee Haircut Systems. Besides his work with CNET, Don's work has been featured in a variety of other publications including PC World and a host of Ziff-Davis publications.

 

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