US educational analytics startup BrightBytes pockets $15M in Series B round
BrightBytes has raised $15 million in its second round of funding to help improve the quality of education. To date, the educational analytics startup has gathered a total of $18 million in funding, according to TechCrunch.
Bessemer Venture Partners was the lead investor in the round. Previous investors NewSchools Venture Fund, ReThink Education, and Learn Capital also participated in the financing. These last three investors funded the startup's $750,000 seed round, the report detailed.
The startup helps educators in properly allocating the budget for education technology. It helps point out learning gaps and offer recommendations for improvement, the report explained.
At present, the platform now has 10,000 schools signed up. BrightBytes plans to use the new capital to continue looking into problems in the industry such as wrongly allocated budget and low quality primary education. The San Francisco-based firm will also start venturing into new markets and reach out to new educational systems globally, TechCrunch reported.