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Edtech Firm Knack Closes Series B Round to Scale $15M Peer-Learning Platform Expansion
Florida-based edtech company Knack secured a $15 million Series B investment led by New Markets Venture Partners to expand its peer-learning and tutoring platform across U.S. universities. The company reported $8.2 million in FY2024 revenue, up 3× from 2022, driven by institutional contracts and AI-enabled academic analytics. Funds will be used for international expansion into Canada and Europe and further AI-personalization features. Knack’s network now covers over 100 universities, and analysts expect its enterprise model to capitalize on a $25 billion global edtech support-services market.
positive
Edtech Firm Knack Closes Series B Round to Scale $15M Peer-Learning Platform Expansion
Florida-based edtech company Knack secured a $15 million Series B investment led by New Markets Venture Partners to expand its peer-learning and tutoring platform across U.S. universities. The company reported $8.2 million in FY2024 revenue, up 3× from 2022, driven by institutional contracts and AI-enabled academic analytics. Funds will be used for international expansion into Canada and Europe and further AI-personalization features. Knack’s network now covers over 100 universities, and analysts expect its enterprise model to capitalize on a $25 billion global edtech support-services market.
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Knack raised $15 million in Series B funding after tripling revenue to $8.2 million, targeting AI-driven global expansion across more than 100 universities.
Florida-based edtech company Knack secured a $15 million Series B investment led by New Markets Venture Partners to expand its peer-learning and tutoring platform across U.S. universities. The company reported $8.2 million in FY2024 revenue, up 3× from 2022, driven by institutional contracts and AI-enabled academic analytics. Funds will be used for international expansion into Canada and Europe and further AI-personalization features. Knack’s network now covers over 100 universities, and analysts expect its enterprise model to capitalize on a $25 billion global edtech support-services market.
Florida-based edtech company Knack secured a $15 million Series B investment led by New Markets Venture Partners to expand its peer-learning and tutoring platform across U.S. universities. The company reported $8.2 million in FY2024 revenue, up 3× from 2022, driven by institutional contracts and AI-enabled academic analytics. Funds will be used for international expansion into Canada and Europe and further AI-personalization features. Knack’s network now covers over 100 universities, and analysts expect its enterprise model to capitalize on a $25 billion global edtech support-services market.
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Knack