![]() ![]() ![]() Ventilla, who previously sold social question-and-answer startup Aardvark to Google, is one of a handful of entrepreneurs who have crossed over from the world of consumer Internet and social networking into big and hairy problems in highly politicized and regulated areas like health and K-12 education. Like A Reggio Emilia-Approach Intertwined With Technology And that’s written in and one of the entity’s legally defined goals. Altschool is a B-corp, a special type of corporate structure where the goal is to not only be a profitable entity, but to also have a positive impact on society. This round is split 50-50 between conventional venture firms like existing investor Andreessen Horowitz and other philanthropic organizations like Laurene Powell Jobs’ Emerson Collective. “Our platform can remove a lot of the kinds of costs and headaches that are associated with running a one-off school.” “We have created an operating system that not only our own schools can use, but an expanding universe of schools that start to look more like Altschools,” said CEO Max Ventilla, who said he expects the company to triple or quadruple its number of locations over the next few years to roughly 20 schools. It’s an ambitious and major test as to whether Altschool’s model can be done affordably and accessibly at scale in other parts of the country. The move will mark the company’s shift from proving out its ideas around personalized education through building its own schools to sharing or licensing its individualized learning model with other educators that want to adopt its approach. ![]() In one of the biggest funding rounds of the year in education and technology, Altschool is raising $100 million from Founders Fund, Mark Zuckerberg and Priscilla Chan’s foundation along with other venture backers and philanthropic organizations. ![]()
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