Chicago-Based ESpark Gets $25M for Its Online Learning Software
Chicago-based eSpark Learning is a personalized online learning software offering individualized math and reading programs to one out of every four U.S. elementary schools. Founded in 2010, the edtech company aims to help students grow and get on track for success.
The company announced on Wednesday it raised a $25 million funding round led by Quad Partners. The funding comes at a time when online learning has become more important than ever as schools continue navigating Covid-19.
“The effects of the past couple years have severely widened existing learning gaps in schools across the nation,” David Vinca, founder and CEO of eSpark, said in a statement. “This funding from Quad Partners will allow us to invest in our product, grow our talented team and to reach more students when they need us most.”
ESpark provides lessons built by a team of former teachers and leverages instructional research and real-time data to develop lesson plans for primary school students.
“ESpark has achieved something rare among education companies,” Connor O’Keefe, principal of Quad Partners, said in a release. “They’ve managed to build a product that students and teachers adore while repeatedly demonstrating significant learning gains to school districts.”
According to the company’s website, eSpark is currently hiring for several remote positions, including engineers and product managers.