K-12 Dealmaking: Discovery Education Acquires Spiral; Tutoring Startup Receives Seven-Figure Seed Round
Summary
Spiral provides a multi-use platform that supports collaborative learning and formative assessment in the classroom and remote environment. “Discovery Education is focused on providing school systems outstanding digital services that connect students to learning in and out of the classroom,” said Philip Nanney, Discovery Education’s vice president of corporate development and strategy in a statement. “The acquisition of Spiral aligns with our strategy of adding features to our digital services that save educators time and increase student engagement. Previously, Trilogy had raised a total of over $935,000, including a September 2019 pre-seed round led by Rosetta Stone co-founder Michael Silverman and the MacLaurin Group. The Richmond Times-Dispatch reported that Trilogy Mentors founder John Failla told the publication that the startup will use the funding to add members to its 12-person staff and further develop its technology.
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