Investors see a bright future in online education. Herdon, VA based K12 Inc. announced that Technology Crossover Ventures (TCV), a leading provider of growth capital to late-stage private and public companies, has agreed to purchase a minority stake valued at $125 Million in K12 to support the company's expansion.
Founded in 2000, K12 is one of America’s largest provider of curriculum and online education programs for students in kindergarten through high school. K12 offers the services using its own proprietary platform. It has provided over two million courses to students worldwide and serves online public schools in 27 states.
K12 offers its curriculum and academic services to public and private online schools, traditional classrooms, hybrid school programs, and directly to families. K12 also operates online public and private schools serving tens of thousands of students in the U.S. and worldwide. K12 also operates online private schools and and recently launched the George Washington University Online High School.
Jake Reynolds, a general partner of TCV, will join K12’s board. "We believe K12 is now well positioned to build on its proven success in expanding the global markets for its popular online education solutions."
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