In August Oakville’s Prodigy Education, an award-winning educational technology company, unveiled their new brand to connect educators, parents and students with their mission to help every student in the world love learning.
With families and educators returning to school in a very different learning environment in the fall, their timing was excellent.
Prodigy is best known worldwide for their math game which goes by the same name.
In the last nine years, the Prodigy Math game has grown from 3,000 local users to more than 90 million worldwide users who are voluntarily practicing math every single day.
This week Prodigy announced that it has raised a $159 million Series B funding round led by TPG Growth. The investment is one of the largest in North American EdTech history for any funding round.
The new funding represents a new era for Prodigy, with meaningful capital to further accelerate the company’s growth and value for its global user base.
“We are incredibly humbled by TPG and CBGF’s commitment to our vision and to our products,” says Rohan Mahimker, co-founder and co-CEO of Prodigy.
“From our beginnings as an undergraduate project nine years ago to today’s exciting announcement, we have always operated with a simple yet compelling mission: to help every student in the world love learning. It will continue to be our guiding light as we transform into a truly global leader in education.”
With a strong presence in North America and recent expansion to India, Australia, and the United Kingdom, the investment will help Prodigy accelerate its market reach, bolster the advancement of its renowned Math Game, and further strengthen Prodigy Math Tutoring.
The Globe and Mail is reporting that Prodigy has plans to hire 400 in 2021.