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2024 Owl Ventures | Education Outcomes Report

Owl | EOR

Created on October 12, 2024

This report evaluates the access, efficacy and scale across education businesses in the Owl ventures portfolio to provide insights on the impact of education technology for startups, investors and limited partners.

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10 YEARS

2024

OWL VENTURES

EDUCATION OUTCOMES REPORT

CONTENTS

pOST-SECONDARY

INTRODUCTION

portfolio alignment to UN SusTAinable development goals

HONORLOCK

EMERGING TRENDS IN 2024

Noodle

KUALI

QUIZLET

OWL'S APPROACH TO OUTCOMES MEASUREMENT

KEY COMPANY OUTCOMES

KYRON LEARNING

Vaia | StudySmarter

DIVERSITY METRICS

OWL VENTURES TEAM

LABSTER

Welcome Tech

LEAP FINANCE

PORTFOLIO AT A GLANCE

Woebot Health

Morressier

PRE K-12

Kiddom

Abl

CAREER MOBILITY

LELE KETANG

AMIRA LEARNING

PREPLY

APNA

LETRUS

ANSWERSNOW

Sanjieke

BenchPrep

LingoAce

AUTHENTICA SOLUTIONS

Sizzle AI

Classplus

Linus Labs

BETTERLESSON

Smalt

CLASS TECHNOLOGIES

Maximal Learning

BRISK TEACHING

STASH

Newsela

Coala Saúde

DEEPHOW

SV Academy

Novakid

Derivita

DEGREED

Panorama Education

Ethiqly

Thrive Global

GALENA

Rebel Girls

Fiveable

Thunkable

Growth School

SplashLearn

Futre

UBITS

HoyTrabajas

Subject

GENIALLY

Workera

Interplay Learning

Swing Education

Greenlight

Zeera

MASTERCLASS

ubiMaster

Hazel Health

Mighty Networks

uLesson

Ignite Reading

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CONTENTS

INTRODUCTION

With a rise in digital spending and innovation in education, the market for edtech investment blossomed to have approximately $80 billion invested over the past decade. By 2030, the global education market is projected to expand to $8 trillion, driven by demand for accessible, personalized, and tech-enabled learning solutions. The pace of technological transformation has been nothing short of remarkable. From mobile learning platforms and AI-powered tools to immersive learning environments like AR/VR, edtech is now delivering more engaging, inclusive, and adaptive experiences that cater to the unique needs of individual learners.

We are excited to share this report as Owl Ventures celebrates 10 years! We launched in 2014 with a clear vision: to build a firm to partner with and scale the world’s most transformative education companies. We believed in the immense potential of the digital revolution reshaping education and workforce development. Our goal was to invest in companies that were not only disrupting but also significantly improving the $6 trillion global education market.

Today, 10 years later, we are proud to stand as the world’s largest venture capital firm dedicated to education technology. With over $2 billion in assets under management, global offices, and more than 80 portfolio companies, our reach now extends to over 500 million learners across the globe.

At Owl Ventures, our multi-stage approach has enabled us to consistently invest in ground-breaking innovations across the edtech spectrum, from K-12 and higher education to career and professional development. As we reflect on this 10-year milestone, it is a celebration of the visionary companies we’ve had the privilege to support—companies that are revolutionizing how knowledge is created, shared, and applied in real-world contexts.

The last decade has witnessed incredible growth in education technology. Before 2014, the education sector was not a major category for VC investment, and capital investments were limited.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

INTRODUCTION

We are also grateful for the incredible support from and partnerships with our prestigious global limited partners. This aligned deep global network of partners has been instrumental in helping Owl and its portfolio companies with distribution channels, efficacy grants, partnerships, and international resources and networks. Looking ahead, we remain steadfast in our belief in the transformative power of edtech. The future of education will be shaped by key trends already influencing the industry's trajectory. Trends such as the rise of AI, the shift to lifelong learning, and the growing need for equitable access to high-quality education are more than reshaping the landscape. These key trends are also guiding our strategic direction as we continue to identify and invest in the innovators driving the future of learning. In the following sections, we highlight the trends that excite us most, the opportunities they present, and how Owl Ventures is poised to lead the way in this dynamic and evolving market.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

INTRODUCTION

EMERGING TRENDS IN 2024

Partnerships & M&A

Talent

Digitization and AI have attracted top talent to edtech, with seasoned professionals from leading tech companies founding and leading startups. Owl Ventures has partnered with visionaries like Rajen Sheth (Kyron Learning, ex-VP of Google Cloud AI), Jerome Pesenti (Sizzle AI, ex-VP of AI at Meta), and Eran Megiddo (Maximal Learning, ex-Microsoft CTO and VP). These industry veterans are driving innovative solutions that impact students globally.

At Owl Ventures, we’ve been fortunate enough to have Jessie Woolley-Wilson join as Operating Partner. Jessie brings a wealth of experience to Owl Ventures and its portfolio companies. She has worked in the edtech space for over 20 years to support school and district leaders in their goal to improve learning and life outcomes for K-12 students. She is the CEO and President of DreamBox Learning, an Owl Ventures portfolio company since 2015 acquired by Discovery Education in 2023. She currently serves on the boards of Owl Ventures portfolio companies Quizlet and Class Technologies.

M&A activity in edtech has surged, with the sector’s share of education deals reaching nearly 25%, up from 4.1% pre-pandemic. Owl Ventures has played a key role in this consolidation. We have facilitated impactful partnerships like Amira Learning's integration with Istation–enhancing AI-driven literacy tools for 4 million K-12 students–and Remind’s merger with ParentSquare to improve student success through better communication.

At Owl Ventures, we see a unique opportunity to identify and capitalize on synergies that benefit our portfolio companies and the broader education ecosystem. This year, Lyman Missimer joined Owl Ventures as an Investor to proactively help several of our companies execute their M&A and partnerships initiatives. Lyman was most recently at Newsela, an active Owl portfolio company where he sourced and led four acquisitions in his role running business development, M&A, international expansion, investor relations, and product partnerships. Prior to that he was at Google for Education, where he founded the Google for Education Partner Program, led VR content development for Google Expeditions, and developed strategy for the K-12 SMB segment.

Jessie WoOlley-WilsON

Lyman Missimer

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

EMERGING TRENDS

EMERGING TRENDS IN 2024

International Acceleration

Artificial Intelligence (AI)

Within the Owl portfolio several companies are effectively building on gen AI. Here is a snapshot of a few:

The global edtech market is booming, with Asia and Africa leading growth and projected to reach $10 trillion by 2030. Data from previous years shows nearly 32% of global edtech deals in the past year were in Europe. Owl Ventures has made strategic investments in 23 companies outside the US, including eight in Asia, nine in Europe, five in LATAM, and one in Africa.

AI is reshaping education by delivering personalized, efficient learning experiences, with the global AI in education market set to grow by $100 billion over the next decade. Nearly all Owl portfolio companies are leveraging AI, including Amira Learning, Sizzle AI, and Workera AI, which provide AI-powered tutoring, skills development, and productivity tools.

In 2023, we opened our first international office in London, led by Partner Jenny Wang. Jenny joined the Owl team as an MBA intern in 2019 and since joining Owl has been an outstanding team member and contributor. Over the past five years, she has sourced and vetted numerous investments for the firm, made a significant impact in her board roles as a mentor and advisor to entrepreneurs. Our expansion reflects our commitment to being at the forefront of edtech’s global transformation, building networks and partnerships in key international markets.

In 2023 Quizlet launched Q-Chat, the first fully adaptive, AI-powered tutor experience built on OpenAI's ChatGPT API. Read More

Kyron Learning launched Kyron Studio, a platform that allows educators to create video lessons that dialogue with students through generative AI. Read More

Mighty Networks has leveraged ChatGPT to build a suite of tools, called People Magic, to launch a community in under 60 seconds and automate engagement.Learn More

JENNY WANG

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

EMERGING TRENDS

EMERGING TRENDS IN 2024

Mental Health

Early-Stage Investing

Owl Ventures has been an early investor in leading companies tackling mental health, including Hazel Health, which provides telehealth services to 4.7 million students, and Panorama Education, which supports over 15 million students with integrated academic and behavioral data platforms. Globally, Owl is also partnering with companies like Coala in Latin America and Thrive Global, working to improve mental health support among employees worldwide.

The rapid advancements in AI, digital learning, and global edtech market growth have created a fertile landscape for early-stage startups to disrupt traditional education systems. Owl continues to invest in visionary entrepreneurs as early as the idea stage. As of 2024, we’ve made over 25 early-stage investments across the globe, supporting disruptive technologies that are reimagining education. Some of our recent early-stage portfolio companies include:

Linus Labs: A digital test prep platform with gamified features and AI-powered tutoring for more effective exam preparation.

Brisk Teaching:An AI-powered Chrome extension that automates grading and lesson planning, boosting teacher productivity.

Sizzle AI: An AI-driven app that helps learners build critical thinking skills and master concepts with personalized, real-time feedback.

With 40% of students reporting persistent sadness in 2023, according to the CDC's Youth Risk Behavior Surveillance Data, addressing mental health in education is more critical than ever. Schools are facing a severe shortage of mental health resources, with the average student-to-school psychologist ratio at 1,211:1, far above the recommended 500:1. Similarly, among adults, a 2022 Gallup report found that 76% of employees experience burnout at least sometimes, with 28% reporting they feel burned out "very often" or "always" at work. The World Health Organization estimates that depression and anxiety cost the global economy $1 trillion per year in lost productivity.

At Owl Ventures, we’ve consistently invested in transformative companies from the earliest stages, helping them grow into market leaders. This includes leading K-12 companies such as Hazel Health, Kiddom,Newsela, Panorama Education, Quizlet, Securly and others where we partnered with them during their formative years. Today these companies collectively serve tens of millions of students, providing essential tools across the K-12 landscape.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

EMERGING TRENDS

Owl’s Approach to Outcomes Measurement

post-secondary AND CAREER MOBILITY

INTERNATIONAL

At Owl, we recognize that prioritizing impact is a fundamental requirement for building long-lasting businesses. We work with portfolio companies to measure impact in three primary areas: scale and access, diversity, and outcomes.

Internationally, alongside factors like household income and geography, access gaps are also attributed to cultural norms, religion, and caste or class systems. For example, in India, according to the latest census, there is a wide gap between rates of female literacy (65%) and male literacy (82%), which further widens in the rural parts of the country. In Latin America, the education gap mirrors the income gap between rich and poor. Where possible, our companies track comparison data on urban and rural populations served, including income levels of users, gender, and age ranges.

A 2019 McKinsey & Company study reported that labor-market outcomes vary across demographic groups and that Latinx and African American workers are four times more likely to hold. “automatable” jobs. The same study also highlighted the nearly 11.5 million workers over 50 years of age who hold at-risk jobs. To allow education to serve as an equalizer, we encourage companies to collect data on measures such as gender, income level, level of education, cities their customers are from, and racial profiles for their customers, where possible.

Learner Scale And Access

PRE K-12

To achieve greater equity and inclusion in education, there must be increased efforts to collect and analyze data on the most-excluded segments of the population. Owl works with companies to understand their customer profiles and to ensure that the products they are building have the ability to scale without locking out high-need communities. Within the US context, metrics to measure access differ by company sector, business model, and key stakeholders.

For example, a K-12 company that sells directly to schools and districts can report on the percentage of students who qualify for Free and Reduced Lunch (FRL: A proxy for poverty, based on family income) in customer districts, English Language Learners (ELLs) served, as well as demographic data of students by race. However, an early learning company that sells directly to customers may not be able to leverage FRL or ELL data to measure access. Instead, it might track access through the number of parents and communities served by geography, product price point, and types of devices its product is available on.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

EMERGING TRENDS

Owl’s Approach to Outcomes Measurement

Diversity

OUTCOMES

The benefits of diversity are well-documented. Prioritizing diverse leadership and concrete HR policies are also crucial for employee retention, better decision-making, and strong work cultures. McKinsey & Company’s research found that companies in the top quartile for both gender and ethnic diversity in executive teams are on average 9 percent more likely to outperform their peers. In another study, researchers found when diverse teams of three or more people made a business decision, they outperformed individual decision-makers up to 87% of the time. Diverse teams were also shown to make decisions faster than individual workers, and they, too, benefited from a 60% improvement in decision-making.

At Owl, we recognize that lack of diversity in teams is a problem since homogenous communities are susceptible to groupthink and are less likely to voice the needs of the communities they hope to serve. As part of our annual diversity survey, we collect metrics such as gender, race, pay equity, and employee retention for women and persons of color for each of our portfolio companies, where applicable.

We recognize different types of research are appropriate to determine effectiveness according to product type and development stage. Therefore, we encourage our portfolio companies to report their impact along a spectrum, from formative research to summative research. Using this spectrum, early-stage companies might showcase their impact through user testimonials and descriptive case studies; conversely, a more mature company will be able to provide rigorous research data, through participation in causal, comparative, or randomized controlled trial studies. At the core, we want to help companies answer one fundamental question: Does your product have a positive outcome for its intended users? Owl classifies companies in three primary-education-focused industries: pre-K-12, postsecondary education, and career mobility. The report is organized by these industries. For each company, you will find a description of the company; the company’s approach to measuring effectiveness; and its access and outcomes data, told via metrics and case studies.

Owl recognizes that each portfolio company addresses a unique challenge within the education market. As a result (similar to the way we think about access), we help each portfolio company identify and measure specific outcomes that are in line with its product goals. As an example, a pre-K-12 content company will measure its impact using outcomes, such as student achievement on standardized tests or socio-emotional skills developed; whereas other pre-K-12 companies might track metrics such as chronic absenteeism and teacher time saved.

PRE K-12

post-secondary AND CAREER MOBILITY

A career-mobility company, on the other hand, will measure its impact using outcome metrics, like graduation rates, scholarships received, job-placement numbers, and salaries earned. These metrics are similar to those used by the career-mobility sector, which is focused on reskilling and upskilling.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

EMERGING TRENDS

THE OWL VENTURES TEAM

operations and portfolio services team

Investment team

Kate Chhabra

Henry Hipps

Tom Costin

Emily Bennett

Hailey Carter

Ian Chiu

MaLvika Bhagwat

Brian Henspeter

Andrew Solomon

Amit Patel

Tory Patterson

Regina Lombardo

Shreyaa Khemka

Teresa Lew

ROSA LEE

Lyman Missimer

Joseph Vukel

Jessie WoOlley-WilsON

Jenny Wang

Allison Orzell

Ilaria Chan

Claire Du

PORTFOLIO AT A GLANCE

SCALE

16.7 m+

501 m+

634 m+

2 b+

11 k+

EDUCATORS

LEARNERS

USERS

TOTAL INVESTMENTS

JOBS CREATED

TOTAL ASSETS UNDER MANAGEMENT

58 k+

1.2 m+

241

HIGHER EDUCATION INSTITUTIONS

EMPLOYERS

COUNTRIES

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

PORTFOLIO AT A GLANCE

Genially StudySmarter Labster

32 M+ 26 M+ 6.2 M+

Users served globally by Owl portfolio companies

EUROPE

67 M+

usa

ASIA

276 M+

285 M+

60 M+ 47 M+ 21 M+ 15.6 M+ 15 M+

Quizlet Newsela Kiddom Mighty Networks Panorama Education

SplashLearn Classplus LELE KETANG APNA

97 M+ 72 M+ 55 M+ 51 M+

AFRICA

LATAM

2.4 M+

3.3 M+

ULESSON

2.5 M+

1.2 M+ 620 K+

HoytrabajasLetrus

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

PORTFOLIO AT A GLANCE

ACCESS ACROSS THE PORTFOLIO

ACCESS across K-12 portfolio

Students of Color average

TITLE 1 Average

40%

74%

ENGLISH LANGUAGE LEARNERS AVERAGE

STUDENTS OF COLOR AVERAGE

59%

55%

56%

63%

English Language Learners average

free reduced lunch students average

16%

49%

10.6%

53%

OWL PORTFOLIO

NATIONALLY

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

PORTFOLIO AT A GLANCE

59%

Correlational

RESEARCH & EFFICACY RIGOUR

Examines relationships between two variables by comparing how changes in one variable correlate with another.

89%

Usability or feasibility studies

1:1 or group user testing to get feedback on product feature usability and product implementation processes.

41%

Quasi-experimental studies

Compare outcomes of a group that receives the intervention with outcomes of a group that did not receive the intervention. The sample selection is not randomized.

84%

28%

Pre/post data analysis

Conducting studies that measure change in outcomes by comparing data before and after the intervention was implemented.

Randomized control trials

Participants are randomly assigned to a control and intervention group before the intervention is administered. Then, the outcomes of the two groups are compared to measure the effects of an intervention.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

PORTFOLIO AT A GLANCE

RESEARCH & EFFICACY Priorities

50%

77%

Companies that have worked with external research organizations to conduct research studies.

Companies that have engaged subject matter experts to get product feedback.

41%

70%

Companies that have a full-time staff member dedicated to outcomes and efficacy.

Companies that have a research basis for their product.

23%

30%

Companies that have applied for Federal funding and other grants to accelerate their efficacy work.

Companies that have developed an iterative logic model.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

PORTFOLIO AT A GLANCE

PORTFOLIO ALIGNMENT TO UN SUSTAINABLE DEVELOPMENT GOALS

1. NO POVERTY

4. QUALITY EDUCATION

5. GENDER EQUALITY

8. DECENT WORK AND ECONOMIC GROWTH

10. REDUCE INEQUALITIES

3. GOOD HEALTH AND WELL-BEING

As the largest EdTech-focused venture capital firm, Owl’s portfolio companies all contribute to improving access to high-quality education

Grant loans to students

Inspire and create equal opportunities for all genders

Democratize access to healthcare

Increase access to income equality for low-income households

Leap Finance

Training opportunities to support productive employment

Hazel Health
Thrive Global

Panorama Health
Coala

Financial inclusion for low-income households

Rebel Girls
Apna
Swing Education
Mighty Networks

Interplay Learning
Apna
Smalt
HoyTrabajas

Degreed
UBITS
Workera

Amira Learning
Kiddom
Newsela
Sizzle AI
Preply
uLesson
Kyron Learning
Ignite Reading
Brisk Teaching

STASH
WelcomeTech

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

PORTFOLIO ALIGNMENT TO UN SDG

KEY COMPANY OUTCOMES

48%

~280 m

95%

46%

STUDENTS

JOB APPLICATIONS

EDUCATORS

46% more confidence in applying knowledge observed among learners using Class, compared to traditional video conferencing tools.

MORE CONFIDENCE

95% of educators agree that coaching supported them to positively impact student outcomes.

48% of students are college ready as per Abl's Academic Intensity Measure.

~280M job applications facilitated through Apna.

>13x

19 k+

~2.6 m

49%

INCREASE

TEACHER HOURS

teacher hours

19K+ teacher hours saved to date using Authentica products.

~2.6M teacher hours saved by Brick Teaching.

REDUCTION

>13x increase in the number of minutes of reading on the Amira platform from 2022 to 2024.

49% reduction in student absenteeism due to infectious diseases.

2 b+

133%

40%

2B+ minutes of video content watched by students monthly on Classplus.

MINUTES

80%

INCREASE IN SALES

ACCELERATION

40% acceleration of workforce onboarding with DeepHow, reducing the impact of high churn.

133% increase in sales for GMAC with an exam prep product on Benchprep.

caregivers/parents

80% of caregivers/parents concerned about virtual ABA changed their opinions after AnswersNow.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

KEY COMPANY OUTCOMES

42%

30%

2.6x

CLIENTS

HIGHER AP SCORES

42% of Degreed’s clients add 10+ skills to their profiles in a year.

MORE SAVINGS

2.6x higher likelihood of faculty to review exam sessions with Honorlock's proctor-verified violations.

higher likelihood

30% more savings by Greenlight kids who complete Level Up lessons.

2x higher AP scores earned by Fiveable users.

10%

260 k+

130%

109 k+

improvement

10% improvement in Algebra 1 test scores for Derivita users.

260K+ users have used Galena for career guidance and development.

USERS

better completion rates

USERS

109K+ users found a job in Latin America using HoyTrabajas.

130% better completion rates on Growth School compared to other videos and courses.

96%

7 m

2.1x

75%

EDUCATORS

96% of educators provide more timely and personalized feedback with Ethiqly.

EDUCATORS

7M educators have created 4M+ gamified digital resources on Genially.

GROWTH

2.1x growth in reading proficiency in students across all demographics using Ignite Reading.

75% of students in Hazel’s teletherapy program saw clinically significant improvement.

STUDENTS

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

KEY COMPANY OUTCOMES

89%

94%

95%

86%

EMPLOYERS

STUDENTS

89% of employers say Interplay helped them train techs faster.

STUDENTS

USERS

95% of Lele students improved their exam scores.

86% of MasterClass users learn something every time they use MasterClass.

94% of students report improved content understanding with Kyron Lessons.

2x+

5.4x

2.6 m+

$370 m

higher retention

5.4x higher course continuation in STEM programs using Labster

2x+ higher retention and engagement with Kiddom's curriculum.

higher course continuation

essays

$370M generated by Mighty Networks Hosts in 2023.

generated

2.6M+ essays have been completed on Letrus.

2.5 m

84%

15 m

2.5M emails, PDFs, and papers eliminated with Kuali Build.

DOCUMENTS

ENROLLMENT RATE

84% enrollment rate achieved with Leap, compared to 55% industry average.

faster submission times

3x faster submission times for authors with Morressier’s Journal Manager.

15M+ classes taught worldwide on LingoAce.

CLASSES

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

KEY COMPANY OUTCOMES

33%

89%

~2 b

percentile gain

INCREASE

PARENTS

PROBLEMS

~5 percentile gain in ELA for students using Newsela, compared to their peers.

89% of parents say their child has become more knowledgeable about the world after using Rebel Girls.

~2B problems answered by students on SplashLearn in AY 2023-24.

33% increase in on-time graduation rate at Everett Public Schools using Panorama Education.

88%

20%

STUDENTS

16%

40 k+

88% of students in Noodle-supported programs persist from Term 1 to Term 2.

MORE SAVINGS

20% more savings after five years by customers who use Stash's recurring deposits feature.

China’s Fortune 500 companies

TUTORS

40K+ Tutors make money every month by teaching on Preply.

16% of China’s Fortune 500 companies are served by Sanjieke.

5 m+

98%

96%

English micro-skills

30 m

5M+ English micro-skills acquired by students using Novakid in 2023.

STUDENTS

98% of students say Quizlet has improved their understanding of study materials.

USERS

96% of Vaia | Studysmarter users receive better grades.

PROBLEMS

30M problems have been solved on Sizzle AI so far.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

KEY COMPANY OUTCOMES

43 k+

>90%

85%

70%

course credits

USERS

EMPLOYEES

USERS

43K+ course credits achieved by 4K+ students using Subject.

85% of employees are more confident to perform their job at a higher level after using UBITS.

70% of users at a major national health care system report feeling better after their first use of a Woebot tool.

More than 90% of users who completed Thrive’s coaching program reported improvement in their personal and professional lives.

507

14 k+

EMPLOYERS

87.4 m

33%

507 employers served by SV Academy.

SKILLS

14K+ skills can be measured on the Workera platform.

questions

87.4M questions answered on uLesson by 2.4M+ students in 27 countries.

STUDENTS

33% of all students go on to distribute their apps built on Thunkable.

1.4 m+

instructional hours

1.4M+ instructional hours fulfilled by substitute teachers from Swing Education in AY 2023-24.

12%

60%

$291 k+

REDUCTION

CHILDREN

12% reduction in loneliness in Zeera users in 60 days.

paid out

$291K+ paid out in rewards by WelcomeTech to its users.

60% of children using ubiMaster improved their performance in school.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

KEY COMPANY OUTCOMES

DIVERSITY METRICS AT A GLANCE

OWL VENTURES TEAM DATA

36%

45%

58%

47%

32%

16%

28%

31%

PEOPLE OF COLOR

WOMEN OF COLOR

NON US BORN INDIVIDUALS

WOMEN

PEOPLE OF COLOR ON THE INVESTMENT TEAM

WOMEN ON THE INVESTMENT TEAM

50%

63%

58%

47%

30%

21%

25%

WOMEN AT INVESTMENT PARTNER OR EQUIVALENT

PEOPLE OF COLOR AT INVESTMENT PARTNER OR EQUIVALENT

PEOPLE OF COLOR

WOMEN

OWL TEAM 2024

INDUSTRY BENCHMARKS

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

DIVERSITY METRICS

DIVERSITY METRICS AT A GLANCE

Owl portfolio – BOARD OF DIRECTORS DATA

Owl portfolio – FOUNDER & CEO Data

21%

46%

18%

44%

WOMEN

PEOPLE OF COLOR

WOMEN OF COLOR

WOMEN

PEOPLE OF COLOR

WOMEN OF COLOR

46%

44%

21%

18%

24%

28%

17%

10.7%

PEOPLE OF COLOR ON THE BOARD OF DIRECTORS

WOMEN ON THE BOARD OF DIRECTORS

OWL BOARD MEMBERS 2024

OWL founders and CEOs 2024

INDUSTRY BENCHMARKS

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

DIVERSITY METRICS

DIVERSITY METRICS AT A GLANCE

Owl portfolio – SENIOR LEADERSHIP Data

35%

40%

12%

WOMEN

PEOPLE OF COLOR

WOMEN OF COLOR

40%

35%

13%

20%

PEOPLE OF COLOR ON THE BOARD OF DIRECTORS

WOMEN ON THE BOARD OF DIRECTORS

OWL senior leadership 2024

INDUSTRY BENCHMARKS

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

DIVERSITY METRICS

PRE K–12

Abl

Kiddom

AMIRA LEARNING

LELE KETANG

ANSWERSNOW

LETRUS

AUTHENTICA SOLUTIONS

LingoAce

BETTERLESSON

Linus Labs

BRISK TEACHING

Maximal Learning

Coala Saúde

Newsela

Derivita

Novakid

Ethiqly

Panorama Education

Fiveable

Rebel Girls

Futre

SplashLearn

GENIALLY

Subject

Greenlight

Swing Education

Hazel Health

ubiMaster

Ignite Reading

uLesson

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12

SCALE

PAIN

750 k+

Abl revolutionizes school scheduling and operations, empowering districts to remove barriers to post-secondary success through software and strategic services.

653

SCHOOLS

Students

K-12 leaders lack visibility into students' readiness and effective levers to improve student opportunities and outcomes.

Howard Bell

ACCESS

CEO

79%

17%

SOLUTIoN

K-12, College, and Career Readiness

Focus

English language learners

STUDENTS OF COLOR

Abl empowers K-12 leaders with actionable analytics, intelligent scheduling, resource optimization, and strategic guidance to improve student and school performance.

2015

FOUNDED

OUTCOMES

Adam Pisoni

FOUNDER

NOTABLE CO-INVESTORS

Sinovation Ventures, Reach Capital, Rethink Education, and First Round Capital

48%

Students completing college prep coursework as per Abl's Academic Intensity Measure.

1.2 m+

Course requests fulfilled in 2022-2023 schedules.

Appointed Howard Bell as CEO

Key Partnerships

OWL VENTURES INVESTMENT

Acquired School by Design

CASE STUDY

Inside Rhode Island’s Educational Transformation

2020

2021–23

2019

2016

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

ABL

SCALE

PAIN

3.5 k+

2 m+

10 k+

Amira is an intelligent and accurate AI-powered reading assistant that listens to and supports students as they read aloud.

SCHOOLS

EDUCATORS

Students

Reading is one of life’s most important skills. Yet, there is a global literacy crisis, exacerbated by the pandemic.

MARK ANGEL

CEO

ACCESS

60%

15%

K-12 Student Literacy

SOLUTIoN

Focus

FREE REDUCED LUNCH

ENGLISH LANGUAGE LEARNERS

2018

FOUNDED

Amira’s reading assistant provides students with productive reading practice and teachers with data and instructional recommendations.

Mark Angel and Pete Jungwirth

CO-FOUNDERS

60%

65%

STUDENTS OF COLOR

Title 1 students

NOTABLE CO-INVESTORS

Authentic Ventures, Vertical Venture Partners, Houghton Mifflin Harcourt

OUTCOMES

> 13 x

Increase in the number of minutes of reading on the platform from 2022 to 2024.

6 months

Amira users in Utah accelerated a half year.

Acquired Istation

OWL VENTURES INVESTMENT

Acquired Wonderscope

KEY AWARDS

2022

2024

2021-23

2019

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

AMIRA LEARNING

CASE STUDY

Amira Learning EISP Program Evaluation Student Impact Memo

Utah’s Early Intervention Software Program (EISP) assessed Amira Learning’s ability to increase literacy skills for K-3 students.24,127 students used Amira statewide, with a focus on personalized reading and practice.

Students using Amira showed substantial improvements in reading fluency and comprehension.

Students served by Amira outperformed the students who were not using any interventions.

Amira generated an effect size of 0.46. This substantial effect size equates to a student accelerating a half year.

All other edtech programs effect sizes were 0.09-0.03.

Given the positive outcomes, the Utah DOE recommends continuing and expanding the use of Amira to further support reading proficiency statewide.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

AMIRA LEARNING

SCALE

PAIN

252

20 k+

AnswersNow is an Autism ABA therapy and parent training platform. Families and clinicians are matched based on specific needs, goals, and schedules.

THERAPY HOURS

Students

Traditional autism therapy models often struggle with low client engagement, lengthy wait times, and limited access and clinical efficacy.

Jeff Beck

OUTCOMES

CEO

59%

Clients demonstrated increased Vineland ABC scores after 6 months of care.

80%

Caregivers/parents concerned about virtual ABA changed their opinions after AnswersNow.

SOLUTIoN

Telehealth

Focus

AnswersNow’s BCBA-centric care model and proprietary digital platform enhances patient access and delivers effective, direct therapy.

2016

FOUNDED

Jeff Beck and Adam Dreyfus

CO-FOUNDERS

NOTABLE CO-INVESTORS

Left Lane and Blue Heron

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

ANSWERSNOW

SCALE

PAIN

4 k+

86 k+

475 k+

Authentica Solutions empowers education institutions with actionable intelligence to deliver equitable quality education to all learners.

SCHOOLS

EDUCATORS

Students

Educational institutions and partners struggle with fragmented data systems and managing data efficiently for actionable insights.

Russell Long

CEO

ACCESS

SOLUTIoN

65.5%

81.7%

K-12 and Higher Education

Focus

Authentica has developed data tools to empower informed decision-making at institutions: 1. Authentica seed™: an Education Intelligence Platform solving for integration, interoperability, data warehousing, and analytics. 2. EduLake™ : a long-term data storage solutiont that ensures data quality, goverance, and analytics.

FREE REDUCED LUNCH

TITLE I SCHOOLS

2013

FOUNDED

Russell Long and Gene Garcia

CO-FOUNDERS

19%

ENGLISH LANGUAGE LEARNERS

EduLabs Capital Partners

NOTABLE CO-INVESTORS

OUTCOMES

19 k+

Hours saved for teachers.

5 m+

Grade records processed.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

Authentica Solutions

SCALE

PAIN

1 k+

2.8 m+

81 k+

BetterLesson connects K-12 educators with professional learning solutions centered on student outcomes through differentiated learning experiences and researched-backed pedagogy.

SCHOOLS

EDUCATORS

Students

Traditional K-12 educators' professional development is often fragmented and theoretical, hindering successful implementation of high-quality instruction and student-centered learning.

MATTHEW KENARD

ACCESS

CEO

53.5%

54%

SOLUTIoN

TITLE I SCHOOLS

FREE REDUCED LUNCH

K-12 Professional Development

Focus

BetterLesson provides comprehensive and personalized high-quality professional development to sustainably improve student outcomes and educator success.

FOUNDED

2008

11%

58%

CO-FOUNDERS

Alex Grodd and Erin Osborn

ENGLISH LANGUAGE LEARNERS

STUDENTS OF COLOR

NOTABLE CO-INVESTORS

Reach Capital, Michael and Susan Dell Foundation

OUTCOMES

Teach for America Partners with BetterLesson

Matthew Kennard Appointed As New Ceo

95%

Educators agree that coaching supported them to positively impact student outcomes.

97%

Educators and leaders agreed that the Learning Walks supported them to positively impact student outcomes.

KEY PARTNERSHIPS

Earned ESsa iii certification

OWL VENTURES INVESTMENT

2020-2024

2020

2023

2017

2023-24

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

BETTERLESSON

CASE STUDY

OUTCOMES

By the end of the first year of the partnership, teachers were observed to have more effective and engaging classroom management strategies, leading to classroom environments more conducive for collaborative learning.

Benchmark assessments demonstrated significant gains in both English Language Arts and mathematics scores, further validating the success of providing individualized support to newer teachers.

Recent data over the period of 2018-2022 reveals that GCSD is continuing to show huge academic gains, particularly in ELA data.

In the 7th year of the partnership, teachers continued making huge shifts in their instructional confidence and impact.

SOLUTIONS GCSD’s Superintendent, Margo Martin, recognized that most early-career teachers needed individualized support to address both their classroom and instructional needs in order to achieve the district’s strategic goals. GCSD chose to partner with BetterLesson because of the breadth of professional offerings: one-on-one coaching by expert coaches, thousands of virtual, on-demand courses and asynchronous instructional resources, and more. GCSD partnered with BetterLesson to provide individualized support to enhance early-career teachers’ approaches to classroom management and to help align their instruction with the district’s strategic plan.

Academic Gains From Supporting Early Career Teachers At Groton Central School District

“This is the kind of environment Groton is trying to foster in its classrooms. Centers-based learning is a way to differentiate instruction and provide information to kids at the level they’re at. [BetterLesson Coaching] has helped teachers learn how to personalize learning for students.” – Margo Martin, Superintendent, GCSD

BACKGROUND Groton Central School District (GCSD), serves an economically diverse community, with almost 50% of the student population identified as economically disadvantaged. In 2015, GCSD implemented a 5-year strategic plan with the goal of improving teacher instruction and increasing student outcomes by shifting toward student-centered learning. Ultimately, the district sought to create meaningful, collaborative, and diverse learning environments for each student to thrive.

CHALLENGES At the time that the strategic plan was created, 30% of the district’s teaching force was considered early-career, which poses opportunities–and challenges. Early career teachers can often be more malleable in their practices, since they don’t have a breadth of experiences and instructional strategies from which to draw. But because of this inexperience, early career teachers also need more specific and intentional professional support. The combination of a large percentage of early-career teachers and the introduction of an ambitious district strategic plan presented a unique challenge.

80% of teachers agree/strongly agree that coaching will support them to positively impact student outcomes, and 90% of teachers indicated feeling very/extremely confident to try what they’ve discussed with their coach.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

BETTERLESSON

SCALE

PAIN

90 k+

15 m+

500 k+

Brisk Teaching is an AI-powered Chrome extension that helps teachers automate their workload.

SCHOOLS

EDUCATORS

Students

Teacher burnout and shortages are an existential threat to schools.

Arman Jaffer

CEO

4.7 k+

117

SOLUTIoN

HIGHER ED INSTITUTIONS

K-12

Focus

COUNTRIES

Brisk automates workload to save time on feedback, content development, assessment, and differentiation, lightening teacher workload and giving them time for themselves and their students.

2023

FOUNDED

Arman Jaffer

FOUNDER

ACCESS

NOTABLE CO-INVESTORS

Bessemer Venture Partners

57+

LANGUAGES

OUTCOMES

Launch Brisk Boost, a student-facing product

Launched YouTube integration

OWL VENTURES INVESTMENT

10 hrs

Average time back each week.

~2.6 m

Teacher’s hours saved.

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

BRISK TEACHING

CASE STUDY

Pewaukee School District implemented Brisk to streamline educator tasks and improve learning outcomes.

CHALLENGE Pewaukee School District sought an edtech solution that was both impactful and user-friendly, allowing teachers to focus more on direct student engagement rather than administrative tasks. The district faced difficulty finding tools that integrated seamlessly with existing platforms and were easy for educators to adopt. SOLUTION The District chose Brisk for its ease of use, seamless integration with tools like Google and Canvas, and its ability to streamline educational processes. Brisk provided features such as personalized educational content and assessments, significantly reducing teachers' workloads.

RESULTS Brisk's implementation led to increased educational efficiency and effectiveness. Teachers reported improved classroom management and tailored instruction, providing students with more personalized and actionable feedback. The district saw enhanced teacher satisfaction and better student outcomes.

"Using Brisk for formative grammar feedback has significantly reduced my workload, allowing me to concentrate more on student interaction and less on routine tasks." – Christine T, HS English

"Brisk’s IEP goal plan feature is phenomenal. It aligns perfectly with the student's present level, helping me craft precise and effective educational strategies." – Amy T, MS Special Education

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

BRISK TEACHING

SCALE

PAIN

150

20 k+

3.5 k+

Coala is the first school-focused digital health ecosystem in Latin America.

SCHOOLS

EDUCATORS

Students

Students are facing a crisis in physical and mental health.

Rafael Kader

CEO

SOLUTIoN

Nursery and K12 School Healthtech

Focus

OUTCOMES

Coala bridges care gaps with empathetic, evidence-based support for the entire school community, including medical care for students and training for schools.

2022

FOUNDED

Rafael Kader, Mateus Mattos, and Matheus Peressoni

90%

Reduction in patient wait time.

49%

Reduction in student absenteeism due to infectious diseases.

CO-FOUNDERS

NOTABLE CO-INVESTORS

Mário Ghio (former-CEO, SOMOS Educação), Bruno Elias (CEO, Salta Educação), Rafael Cunha (CLO, Descomplica)

Launched first healthcare outcomes report for schools in Brazil

Named as Founders Forum Group’s 40 most promising edtech companies

Selected in Scale-UP Endeavor acceleration program

OWL VENTURES INVESTMENT

2024

2023

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

Coala Saúde

SCALE

PAIN

300 k+

10 k+

Derivita is a next-generation courseware and assessment platform that aims to revolutionize math teaching and learning.

EDUCATORS

Students

Math test scores in the US have dropped sharply since 2020.

Devlin Daley

CEO

SOLUTIoN

ACCESS

US K-12 and Higher Education

Focus

Derivita is an all-in-one, easy-to-use platform that connects curricula, courseware, and assessment to improve student math outcomes and college and career readiness.

42%

FOUNDED

2017

FREE REDUCED LUNCH

CO-FOUNDERS

Devlin Daley and Ryan Brown

NOTABLE CO-INVESTORS

Reach Capital, and Valhalla Foundation

OUTCOMES

8 m+

Assignments and assessments delivered.

10%

10% improvement in Algebra 1 test scores.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

DERIVITA

CASE STUDY

Derivita for Utah Schools and Districts

Derivita is an approved provider for the Utah STEM Action Center’s K-12 Math Personalized Learning Software Grant Program. The K-12 Personalized Math Software Grant Program provides Utah schools and districts with access to a selection of math software designed to improve student outcomes in mathematics. Teachers and students use Derivita daily for in-class practice activities, homework assignments, quizzes, exams, and assessments. Teachers utilize the rich data from Derivita to inform their instructional decisions and tailor their teaching to meet the needs of each student.

PARTNERSHIP WITH STEM ACTION CENTER The programs selected by the Utah STEM Action Center were carefully evaluated to deliver a high-quality, cost-effective solution focused on improving student achievement. Derivita received the highest rating of all providers based on mandatory requirements, technical criteria, and cost. As part of the Utah STEM Action Center’s K-12 Personalized Math Software Grant Program, the Utah Education Policy Center (UEPC) is conducting an independent study to evaluate the effectiveness of Derivita.

"As a father of five kids and someone who calls Utah home, I am proud of Derivita and of the work we have done to partner with teachers, students, parents, and district leaders across the state. The Utah STEM Action Center's K-12 Personalized Math Software Grant Program will allow us to greatly scale those efforts and reach even more students in the years to come." – Devlin Daley, CEO and Co-Founder, Derivita

25% of Utah students use Derivita's Math Software. 160 k+ Students use the software each year in Utah.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

DERIVITA

GETTING TO KNOW ETHIQLY BETTER

How do you envision your product creating a positive impact on individuals, businesses, or society as a whole?

PAIN

Ethiqly is a shared digital writing platform that enhances writing instruction with personalized feedback, bolsters student engagement, and effectively supports teachers.

Ethiqly empowers teachers by facilitating one-on-one personalized feedback for students, optimizes teachers’ workloads, enhances student engagement, mitigates grading bias, and nurtures cultural sensitivity, fostering improved educational outcomes.

Schools are experiencing a problem of low writing proficiency, limited feedback access, and grading disparities in writing instruction.

Clinton Grusd

CEO

Can you share any early feedback or testimonials from users/customers who have experienced the impact of your product?

SOLUTIoN

User feedback highlights Ethiqly’s ability to "adapt to the strengths and weaknesses of each student," "enhance writing skills at all levels," and "empower teachers to maintain control over feedback."

Ethiqly provides a comprehensive writing companion, facilitating personalized feedback to empower teachers and inspire students.

K-12 Writing

Focus

FOUNDED

2022

CO-FOUNDERS

Clinton Grusd, Jared Grusd and Brandon Grusd

OUTCOMES

96%

Participants report more timely, personalized feedback on essays.

96%

Participants report shorter revision cycles.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

ETHIQLY

GETTING TO KNOW FIVEABLE BETTER

How do you envision your product creating a positive impact on individuals, businesses, or society as a whole?

PAIN

Fiveable helps every student feel confident and prepared for their next test.

Students who are more confident in their academic abilities will strive for more academic and professional success, which will open doors for more equitable opportunities.

Students are overwhelmed by how much content they must study.

Amanda DoAmaral

What metrics or key performance indicators (KPIs) do you track or plan to track to measure the impact of your product?

CEO

K-12 and Higher Education

Focus

SOLUTIoN

Fiveable looks at the confidence levels of students between when they start using the product and when they take their exams.

2018

FOUNDED

Fiveable simplifies what students must know with organized, easy-to-read study guides.

Amanda DoAmaral and Tán Ho

CO-FOUNDERS

What steps have you taken to ensure that your product is accessible and inclusive, considering factors like affordability, usability, and addressing diverse user needs?

NOTABLE CO-INVESTORS

USV, BBG, Metrodora, and Serena Ventures

Fiveable is accessible in UX/UI for reading, content is inclusive of diverse perspectives, and it is a low-cost product with financial aid options.

SCALE

OUTCOMES

How do you ensure that your product aligns with educational standards and curriculum requirements?

6 m+

Fiveable is aligned to college board course descriptions, standard learning objectives, and popular textbooks.

Students

Students earn 2x higher AP scores with Fiveable.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

FIVEABLE

GETTING TO KNOW FUTRE BETTER

How do you envision your product creating a positive impact on individuals, businesses, or society as a whole?

PAIN

Futre is a technology platform helping young people to launch fulfilling lives by guiding them to discover, plan, and act.

When young people successfully launch fulfilling lives, everybody wins. The economy benefits from self-sufficient people engaged in purposeful work, and communities are strengthened by people with a positive civic identity.

Most 15-25-year-olds do not have access to career counseling and are not on a pathway to a lifetime of skilled work.

Diane Tavenner

CEO

What steps have you taken to ensure that your product is accessible and inclusive, considering factors like affordability, usability, and addressing diverse user needs?

K-12 Student Development

Focus

SOLUTIoN

FOUNDED

2023

Futre is building in close collaboration with a diverse group of representative users – weekly user testing, including frequent on-site deep dive sessions in schools.

Futre’s research-based approach helps young people understand themselves and their options through a personalized career journey. It empowers educators and institutions with real-time data, to support informed discussions for continuous improvements and better outcomes.

Diane Tavenner

FOUNDER

NOTABLE CO-INVESTORS

Charter Schools Growth Fund, Cambiar Learning, Learner Studio, and GSV Ventures

What learning sciences principles or prior academic literature review informs your product development process?

Dr. David Yeager’s new book, 10 to 25: The Science of Motivating Young People, provides an excellent summary of the expansive learning science that informs Futre from concept to design.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

FUTRE

SCALE

PAIN

7 m+

32 m+

Genially is a tool for creating interactive, and animated content and incredible communication experiences easily and quickly in corporate and educational contexts.

20 m+

EDUCATORS

STUDENTS

USERS

Interactive and engaging content that stimulates critical thinking and connects teachers with students is crucial to generate, yet difficult and expensive.

Juan Rubio

CEO

189

COUNTRIES

SOLUTIoN

K-12 Professional Development

Focus

Genially offers an all-in-one solution with endless possibilities, making interactive content creation fun, simple, and accessible.

2015

FOUNDED

OUTCOMES

Juan Rubio, Chema Roldán, and Luis García

CO-FOUNDERS

37 m+

Created by professionals.

7 m+

Educators have created 4M+ gamified digital resources.

NOTABLE CO-INVESTORS

645 Vetures, JME Ventures, MOC, FJ Lab

Co-Founders recognized as top 100 entrepreneurs

Contracted for Spanish Public Universities

OWL VENTURES INVESTMENT

KEY AWARDS

CASE STUDY

Intel Skills for Innovation: Learning experiences for a tech-based future

2023

2024

2021-22

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

GENIALLY

SCALE

6.5 m+

USERS

PAIN

Greenlight is the leading family fintech company with an award-winning money and safety app that empowers parents to raise financially smart kids.

Parents need a better way to manage their kids' money and teach them about it.

Tim Sheehan

CEO

OUTCOMES

SOLUTIoN

>2x

Higher likelihood to invest after completing Level Up lessons.

30%

More savings by those who complete Level Up lessons.

Family Financial Services

Focus

Greenlight provides a suite of financial services across earning, saving, spending, and investing with best-in-class financial education for families.

FOUNDED

2014

CO-FOUNDERS

Tim Sheehan and Johnson Cook

NOTABLE CO-INVESTORS

Andreessen Horowitz, JPMorgan Chase, Wells Fargo Strategic Capital

CASE STUDY

Wall Street Journal on Why Greenlight’s Debit Card Is Their Favorite for Kids and Teens

Launched Free K-12 Personal Finance Curriculum

Partnered with U.S. Bank

OWL VENTURES INVESTMENT

Key Awards

Of the numerous bank accounts, debit cards and financial apps geared toward under 18 year-olds, Greenlight is Buy Side from WSJ's top pick for kids and teens thanks to robust safety and educational features that grow with your child and family.

2023

2021

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

GREENLIGHT

SCALE

PAIN

4.7 m+

4.6 k+

Hazel Health is the largest and most trusted provider of school-based telehealth services in the United States.

SCHOOLS

Students

The lack of equal access to pediatric healthcare significantly contributes to disparities in educational outcomes.

Josh Golomb

CEO

ACCESS

75%

45%

Healthcare

Focus

SOLUTIoN

2015

TITLE I SCHOOLS

FREE REDUCED LUNCH

FOUNDED

Hazel Health transforms schools into an accessible front door to pediatric healthcare so all students have the opportunity to thrive.

Nick Woods and Dr. Rob Darzynkiewic

CO-FOUNDERS

65%

NOTABLE CO-INVESTORS

Tao Capital, Bain Capital, and Fiore Ventures

STUDENTS OF COLOR

OUTCOMES

Released Third-party analysis of outcomes

Named in Fast Company’s Most Innovative Companies

92%

Students who saw a Hazel provider returned to class.

75%

Students in Hazel’s teletherapy program saw clinically significant improvement.

Partnership with 15th State: Iowa

OWL VENTURES INVESTMENT

2024

2023

2019

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

HAZEL HEALTH

CASE STUDY

THE EVALUATION The Clemson Center for Behavior Analysis conducted a limited evaluation of the Hazel HEART protocol focusing on its effectiveness in reducing reported depression and anxiety symptoms in K-12 students. KEY FINDINGS:

Symptom Reduction: Majority of participants experienced a clinically significant reduction in depression and anxiety symptoms — with 75% falling into a lower level of clinical severity (as defined by the PHQ-9 and GAD-7 scales) following treatment.
Severity Improvement: The largest improvements were experienced by participants who exhibited more severe symptoms prior to treatment. The percentage of participants with moderate to severe symptoms (per PHQ-9 and GAD-7 scales) dropped from 60% at intake to 30% at discharge.

Clemson University Finds Hazel Health Teletherapy Program Drives Clinically Significant Outcomes in School Mental Health

HAZEL'S HEART PROTOCOL Hazel Health has developed the Hazel HEART protocol, a treatment model whereby Hazel partners with schools to provide mental health and physical health services through a telehealth platform.

Physical Health Platform: This platform operates on an "immediate care" model, triaging acute medical issues, diagnosing them, and providing treatment plans that may include common prescriptions like antibiotics or pain relief.

Mental Health Platform: Designed for short-term, solutions-based therapy, this platform requires referrals from school staff, parents, or students themselves.

Family Support: Family resource managers assist families in accessing additional services, including linkage to primary care providers or community therapists for long-term therapy if necessary.

"The Hazel Health protocol resulted in reducing symptoms of anxiety and depression, as demonstrated by the change in severity levels observed for both the PHQ and GAD assessments. Not only did the overwhelming majority of participants report a reduction in depression and anxiety symptoms, but there were similar consistent results between the PHQ outcomes and GAD outcomes. On both assessments, 75% of the participants fell into a lower level of severity following treatment." ‍ – William Edwards, PhD, BCBA, Director of the Center for Behavior Analysis, Clemson University Learning Institute

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

HAZEL HEALTH

SCALE

PAIN

19.1 k+

346

Ignite Reading delivers one-to-one virtual tutoring that teaches students the foundational reading skills they need to become confident, fluent readers.

SCHOOLS

Students

67% of 4th graders are not proficient readers. The root cause is foundational reading skills— which require differentiated instruction.

Jessica Sliwerski

ACCESS

CEO

29%

72%

SOLUTIoN

Literacy

Focus

STUDENTS OF COLOR

ENGLISH LANGUAGE LEARNERS

FOUNDED

Ignite Reading’s one-to-one foundational reading skills tutoring gives students differentiated instruction needed to become fluent readers.

2020

CO-FOUNDERS

Evan Marwell and Jessica Sliwerski

18%

Students with IEP or 504 Plans

NOTABLE CO-INVESTORS

Rethink Capital, Goldman Sachs Impact Fund, and Emerson Collective

OUTCOMES

53%

Students closed grade 1 reading gaps in less than 9 months.

85%

Students closed kindergarten reading gaps in less than 9 months.

Launched Virginia Program

Certified as a Most Loved Workplace®

Expanded to 15 states

OWL VENTURES INVESTMENT

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

IGNITE READING

CASE STUDY

Little Rock School District Makes Big Reading Gains with Ignite Reading

As a result of these leaps and bounds in student reading skills and confidence, the Little Rock School District is more than doubled its Ignite Reading program for the 23–24 school year, expanding to 2,500 students across 22 schools. As Superintendent Wright explained, “We need partners like Ignite Reading to help us deliver on every child’s right to read.”

THE CHALLENGE The Little Rock School District (LRSD) struggled with literacy, as more than 50% of its 21K+ students across 48 schools read below grade level. While these student learning gaps existed before the pandemic, the pandemic exacerbated them, along with creating additional issues with attendance. The district needed a significant intervention to get students caught up. THE SOLUTION In January 2023, LRSD launched a partnership with Ignite Reading, initiating a structured literacy pilot for 1,021 students across 12 schools. One to one tutoring started at the point of each student’s earliest skills gaps, as identified through baseline diagnostics.

THE RESULT Outstanding Reading Growth

By the end of the 22–23 school year, all Ignite Reading students had significantly accelerated their reading growth.

Students made an average of 2.4 weeks of reading skills growth per week in the program. Students in 3rd-5th grades made even more progress.

Significant Social-Emotional Impact

The social-emotional impact of the Ignite Reading program on LRSD students was significant. Students loved their tutors and felt incredibly proud of the progress they were making.

“We are choosing to expand the program based on the exciting results we’ve seen in just a short pilot. Ignite Reading has a proven strategy and approach that we can emulate alongside their tutors to reach as many of our students as possible.” – Dr. Jermall Wright, Superintendent, Little Rock School District

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

IGNITE READING

USAGE

90%

PAIN

Kiddom offers curriculum development, assessment resources, integrated communication tools, and intelligence reports in a cohesive learning platform.

school districts in US have teachers utilizing Kiddom

Schools and districts use countless point solutions to create, approach, and track progress toward their goals.

Ahsan Rizvi

CEO

ACCESS

SOLUTIoN

59%

K-12 Classroom OS

Focus

FREE REDUCED LUNCH

Kiddom addresses each school’s curriculum, instruction, communication, and assessment needs in any learning model, enabling it through one platform.

FOUNDED

2015

Ahsan Rizvi and Abbas Manjee

CO-FOUNDERS

OUTCOMES

NOTABLE CO-INVESTORS

Khosla Ventures, A-Street, and Altos Ventures

68%

Average budget savings by districts using Kiddom.

15.9%

Improvement in the benchmark ELA score at Ooltewah Elementary with Kiddom.

Key District Partnerships

Key Curriculum Partnerships

Introduced AI features

OWL VENTURES INVESTMENT

Partnered with EL Education

2024

2022

2022-23

2024

2017

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

KIDDOM

CASE STUDY

AI in Your Classroom

The Kiddom experience

Ahsan Rizvi, Co-Founder and CEO of Kiddom, in conversation with Mike Palmer, Host of the Trending in Ed Podcast, discussing the impacts AI can have on your classroom.

Real Kiddom users discuss the support they receive when working with Kiddom.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

KIDDOM

SCALE

PAIN

55 m+

70 k+

500 k+

Lele Academy began in 2014, providing equal access to quality education resources for Pre K-12 students in China via an online platform.

SCHOOLS

EDUCATORS

Students

There is significant inequality in China's education system, with a highly imbalanced distribution of educational resources.

YING MARVIN MAO

CEO

ACCESS

SOLUTIoN

PreK-12 Content and Service Platform

Focus

40%

By using data-driven, structured, and high-quality content, we ensure that children have equal access to better educational resources.

ENGLISH LANGUAGE LEARNERS

FOUNDED

2014

CO-FOUNDERS

Dalun Xu and Ying Marvin Mao

NOTABLE CO-INVESTORS

New Oriental Education & Technology Group, 5Y Capital (Morningside Capital)

OUTCOMES

95%

Lele students improved their exam scores.

10%

Average grade improvement.

Expanded to the Lele Study Tablet

Started Lele Online Academy

OWL VENTURES INVESTMENT

Launched AI application

2020

2022

2018

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

LELE KETANG

SCALE

PAIN

607 k+

5 k+

12.7 k+

Letrus is an educational program dedicated to improving literacy and language development.

EDUCATORS

Students

SCHOOLS

Students have low engagement and low performance in reading and writing tasks.

Thiago Rached

CEO

K-12 Literacy

Focus

OUTCOMES

SOLUTIoN

2014

FOUNDED

Letrus offers a program for schools that use AI and language knowledge to improve students' reading and writing skills.

2.6 m+

Essays have been completed on Letrus.

Reduction in the performance gap between public and private schools.

Thiago Rached and Luis Junqueira

CO-FOUNDERS

NOTABLE CO-INVESTORS

Potencia, Canary, Península, IDB, and Lemann Foundation

Espírito Santo ranked first in state national exam

Partnership with USAID

Partnership with Goiás

OWL VENTURES INVESTMENT

Partnership with Mato Grosso

2024

2023

2023-24

2024

2023

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

LETRUS

CASE STUDY

Leveraging Literacy through AI

CONTEXT AND OBJECTIVES The latest PISA scores show performance in Brazil and Latin America below the OECD average. The Letrus Program is an AI-based literacy development initiative implemented in middle and high schools across Brazil and currently benefiting 607,000 students in 5000 schools. The main objective of the programme is to narrow the literacy gap between low- and high-income students. It incorporates proprietary natural language processing AI technology to offer real-time constructive feedback in reading and writing. AI-ENABLED ASPECTS Letrus focuses on personalized learning through AI, offering immediate feed back to students, real-time data for educators and monitoring tools for school managers. Teachers receive tailored recommendations for content and methodologies, which can be seamlessly integrated into the curriculum to nurture and enhance specific skills. This iterative process ensures a dynamic and responsive approach to literacy development, aligning closely with the evolving needs of each student as well as the entire class.

School managers can monitor progress and gain immediate insights into improvement areas as well as emerging learning gaps that may benefit from targeted intervention through teacher-training initiatives or strategic adjustments to the curriculum. IMPACT In 2019, the programme achieved notable success in the public schools of Espirito Santo. Within five months of programme implementation, participating students achieved the second position in the national writing exams, a remarkable improvement compared to the eighth position attained by the control group. Letrus was subsequently designated as the official literacy development programme for high school students in the state in 2022. Espírito Santo emerged as the top-performing state in the writing component of the National Exam, ranking first among 27 Brazilian states.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

LETRUS

SCALE

PAIN

380 k+

180+

9 k+

LingoAce is a multi-subject online tutoring provider offering Chinese Mandarin, English, math, and music courses worldwide to children aged 3-15.

EDUCATORS

COUNTRIES

Students

Young learners have limited access to high-quality supplemental education with professional tutors and authentic, interactive curriculum.

Hugh Yao

ACCESS

CEO

19%

SOLUTIoN

Online Tutoring

Focus

ENGLISH LANGUAGE LEARNERS

LingoAce harnesses research-backed human-led digital content to deliver high-quality, authentic learning experiences.

FOUNDED

2017

OUTCOMES

Hugh Yao

FOUNDER

NOTABLE CO-INVESTORS

Peak XV Partners (formerly Sequoia Capital India & SEA), Tiger Global, and Shunwei Capital

15 m+

Classes taught worldwide.

Named as Fast Company’s 10 Most Innovated Companies in APAC

Partnered with ChineseTesting International

Invited to World Chinese Language Conference

OWL VENTURES INVESTMENT

CASE STUDY

Hugh Yao interviewed by the World Journal on starting LingoAce to promote Overseas Chinese Education.

2023

2021

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

LINGOACE

GETTING TO KNOW LINUS BETTER

How do you envision your product creating a positive impact on individuals, businesses, or society as a whole?

PAIN

Linus is bringing standardized test prep into the 21st century.

Standardized test prep is outdated, requiring scheduled tutors, physical books, and excessive upfront costs with no score improvement guarantee.

Standardized tests are some of the most important moments in students’ lives. Linus levels the playing field in this critically important category.

Niko Vuori

CEO

How do you address the issue of accessibility and inclusivity in your edtech product, particularly for students from disadvantaged backgrounds or with special needs?

High School Test Prep

SOLUTIoN

Focus

FOUNDED

2024

Access to standardized test prep is gated behind a minimum of hundreds of upfront dollars, with no guarantee of success. Linus is 100% free, with a fair upsell into the premium version.

Linus, a fully digital test prep solution, incorporates best-in-class engagement features from gaming and personalized AI tutoring.

CO-FOUNDERS

Niko Vuori and Cory Johnson

How do you ensure that your product aligns with educational standards and curriculum requirements?

Linus is the first test prep product to embrace the digital SAT curriculum. Built from the ground up to match the needs of students, Linus is hyper-targeted and 100% personalized.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

LINUS LABS

GETTING TO KNOW MAXIMAL LEARNING BETTER

How do you envision your product creating a positive impact on individuals, businesses, or society as a whole?

PAIN

Maximal Learning offers personalized AI coaching to help students obtain the skills needed to succeed at school, work, and life.

Maximal Learning helps students stay on top of their schoolwork balance it with their extracurriculars, reduce stress, and develop executive function skills necessary for learning, work, and life.

The fundamental skills of executive function, collaboration, and communication are not explicitly taught or credentialed by schools.

Eran Megiddo

What metrics or key performance indicators (KPIs) do you track or plan to track to measure the impact of your product?

CEO

Engagement, retention, and completing tasks on time. Student feedback on their being on track and staying on top of work and whether the product is helping them reduce stress and feeling overwhelmed.

SOLUTIoN

K-12 Student Coaching

Focus

Student-centric tools supported by AI to help students develop skills fundamental to become better learners in work and life.

2023

FOUNDED

What steps have you taken to ensure that your product is accessible and inclusive, considering factors like affordability, usability, and addressing diverse user needs?

Eran Megiddo and Liviu Asnash

CO-FOUNDERS

NOTABLE CO-INVESTORS

Trilogy Equity Partners, GSV, Pioneer Square Labs, and Honeystone Ventures

Maximal Learning will follow Industry standards to ensure the product is fully accessible from day one. The student community helping develop the product will represent diverse perspectives to ensure the product meets the needs of neurodiverse students and students of various backgrounds.

How do you ensure that your product aligns with educational standards and curriculum requirements?

Maximal Learning partners with experts in particular skills areas, starting with EF, and with tutoring experts at Stanford and other centers to guide the research and measure efficacy.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

MAXIMAL LEARNING

SCALE

PAIN

44 m+

113 k+

3.8 m+

Newsela’s learning science-aligned solutions help teachers engage every learner – from building knowledge and skills to supporting daily instruction and assessment.

SCHOOLS

EDUCATORS

Students

Learning suffers when students practice skills in a fashion disconnected from the curriculum and their lived experience.

Pep Carrera

CEO

ACCESS

50%

54%

SOLUTIoN

Building Literary Skills and Knowledge

Focus

TITLE I SCHOOLS

FREE REDUCED LUNCH

Newsela ELA helps educators teach skill-building strategies in the context of curriculum-relevant texts and build students’ foundational knowledge.

FOUNDED

2013

61%

Matthew Gross and Dan Cogan-Drew

CO-FOUNDERS

STUDENTS OF COLOR

NOTABLE CO-INVESTORS

TCV, Kleiner Perkins, and Franklin Templeton

OUTCOMES

Awarded research-based design product certification

Appointed PEP CARRERA as CEO

Expected outcomes shown by user students on state social studies exam.

percentile State test advantage seen by Hispanic Newsela ELA users.

Released 5 new efficacy studies

Key ACQUISITIONS

OWL VENTURES INVESTMENT

2024

2023

2021–23

2014

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

NEWSELA

CASE STUDY

How Garland ISD bridged the gap between literacy instruction and other subjects with Newsela ELA

THE IMPACT More empowered teachers, more engaged students, and writing scores that outperformed the state. LESSONS LEARNED

Build buy-in among teachers with a resource that allows for autonomy while showing clear alignment to district curriculum.

Support cross-curricular literacy skills practice with nonfiction texts that build student knowledge on standards-aligned topics for every subject.

Use writing prompts alongside relevant, engaging content to build students’ analysis and literacy skills in context.

“We’re so proud of our scores. Our writing scores outperformed the state and the region at every grade level in English and in Spanish. I definitely think that Newsela’s resources and writing activities played a role in that.” – Sara Graff, Literacy Coordinator

THE CHALLENGETeachers needed engaging, accessible literacy resources to support both their English-speaking and bilingual classrooms. THE PLAN Use Newsela ELA to practice literacy skills while building background knowledge on topics aligned to state standards.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

NEWSELA

SCALE

PAIN

500 k+

6 k+

Novakid is an online English school for children that offers one-to-one lessons and group speaking practice with highly qualified teachers.

COUNTRIES

EDUCATORS

Students

Learning English as a second language can be challenging without individualized support and engaging materials to keep students motivated.

Max Azarov

ACCESS

CEO

100%

53%

SOLUTIoN

Language Learning

Focus

FEMALE

ENGLISH LANGUAGE LEARNERS

FOUNDED

2017

Novakid offers gamified, personalized learning paths to engage young learners and rapidly improve their English language proficiency.

OUTCOMES

Max Azarov and Dmitry Malin

CO-FOUNDERS

NOTABLE CO-INVESTORS

Goodwater Capital, PortfoLion, LETA Capital

5 m+

English micro-skills acquired by students in 2023.

4 m+

Lessons delivered in 2023. (excluding free trial lessons)

Launched CPD accredited course for ESL teachers

Awarded Best Digital Language Learning Product

Named in Inc 5000

OWL VENTURES INVESTMENT

CASE STUDY

Innovating English Learning for the Digital Age: Max Azarov shares the Novakid Journey with EdTech Insiders

2023

2021

2023

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

NOVAKID

SCALE

PAIN

15 m+

25 k+

930 k+

Panorama Education helps educators collect, analyze, and act on data to improve student outcomes.

SCHOOLS

EDUCATORS

Students

Districts face difficulty delivering timely and effective student support because of rising student needs, declining academic performance, and fragmented data.

Aaron Feuer

CEO

OUTCOMES

MTSS Software Platform

SOLUTIoN

Focus

75%

Decrease in behavior incidents at Pittsfield Public Schools

33%

Increase in on-time graduation rate at Everett Public Schools

FOUNDED

2015

Panorama brings academic, behavior, attendance, and life-skills data into one platform, with tools for delivering and progress monitoring interventions.

CO-FOUNDERS

Aaron Feuer and Xan Tanner

NOTABLE CO-INVESTORS

Spark Capital, Emerson Collective, CZI, Google Ventures, and General Atlantic

25%

Reduction in behavior referrals using Panorama at El Paso ISD.

Independently Verified to Drive Academic Success

Acquired Mesa Cloud

OWL VENTURES INVESTMENT

KEY HIRES

2023

2020-2024

2015

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

PANORAMA EDUCATION

CASE STUDY

Jefferson City School District's Reading Success Plan

Jefferson City School District (JC Schools) in Missouri serves 8,683 students across 18 schools. In response to Missouri Senate Bill 681, which mandates Reading Success Plans (RSPs) for students with reading deficiencies, JC Schools needed a solution to comply with these requirements effectively.

“I love Panorama. It’s intuitive and easy to understand. Having all our RSPs in a single place, where we can easily see how students are performing, is crucial. We can track how students are scoring on i-Ready. and how our Tier 1 instruction is addressing their needs. And at the systems-level, we can look at this comprehensive data and see how students are improving overall.” – Troy Hogg, Assistant Superintendent, Elementary Education at JC Schools

CHALLENGE

Implementing RSPs in accordance with new legislative requirements.

Streamlining data collection and reporting across multiple schools.

Providing targeted, data-driven reading interventions and keeping families informed.

SOLUTION JC Schools adopted Panorama Student Success to:

Gather and consolidate student data.
Develop and monitor RSP growth targets.
Report progress and share updates with families.
Offer professional development to educators.

RESULTS Using Panorama Student Success, JC Schools successfully met the requirements of Senate Bill 681, improved literacy outcomes, and fostered a data-driven culture for student support.

The district currently has 1,158 active RSPs; 73% of these are up-to-date, and 55% have already met their goals.

Reading interventionists have access to comprehensive, actionable data on RSPs; school and district administrators can monitor student progress as they move between buildings.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

PANORAMA EDUCATION

SCALE

PAIN

35 m

115

Rebel Girls is a leading global empowerment brand inspiring confidence in the next generation of girls through storytelling, content, and experiences.

COUNTRIES

USERS

Girls' confidence has dropped from 68% to 55% in the last eight years, with the largest decline in 5th and 6th grades.

Jes Wolfe

CEO

ACCESS

63%

LANGUAGES

SOLUTIoN

Media, Girl Empowerment, and Entertainment

Focus

BIPOC STORIES

Through girl-driven storytelling Rebel Girls inspires confidence, empowers action, and creates community.

FOUNDED

2016

OUTCOMES

Elena Favilli

FOUNDER

89%

Parents say their child has become more knowledgeable about the world.

57%

Parents say Rebel Girls helped spur action in their child.

NOTABLE CO-INVESTORS

Penguin Random House and Common Sense Growth

Won Apple Design Award for Social Impact

Key Partnerships

OWL VENTURES INVESTMENT

Expanded to Fiction and TV

Expanded Distribution

CASE STUDY

Jes Wolfe and Her Mission To Revolutionize Girlhood

2023-24

2024

2022

2023

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

REBEL GIRLS

SCALE

PAIN

59 m+

1.6 m+

SplashLearn creates engaging learning experiences to improve children’s attitude toward learning and enhance learning outcomes.

COUNTRIES

EDUCATORS

Students

Children lose their curiosity and enthusiasm to learn subjects like math and English at a very early stage.

Arpit Jain

CEO

ACCESS

52%

64%

SOLUTIoN

Pre-K-5 Learning

Focus

TITLE I SCHOOLS

FREE REDUCED LUNCH

SplashLearn’s game-based learning platform turns learning into an engaging experience that augments the child's desire to learn.

FOUNDED

2010

Arpit Jain, Umang Jain, Joy Nath, and Mayank Jain

CO-FOUNDERS

50%

STUDENTS OF COLOR

NOTABLE CO-INVESTORS

Accel Partners

OUTCOMES

7.2 m+

Minutes of learning delivered through SplashLearn’s live classes.

128 m+

Skills Mastered in Math and English by students on SplashLearn during the 2023-2024 School Year.

KEY PARTNERSHIPS

OWL VENTURES INVESTMENT

Key Awards

2021

2022-2024

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

SPLASHLEARN

CASE STUDY

Success Story: From reluctant to independent learners

A PATH TO LIFELONG LEARNING Daniel’s experience with SplashLearn underscores the importance of tools that foster independent learning, motivate excellence, and actively involve parents in the process. By helping children build consistent daily learning habits and allowing them to take charge of their education, SplashLearn not only addresses immediate academic challenges but also lays the foundation for a lifetime of self-directed, passionate learning. Daniel’s journey highlights how small, consistent efforts, supported by engaging educational tools, can transform reluctant learners into enthusiastic, independent explorers ready to take on the world with confidence.

Daniel Moore, father to a 6.5-year-old, has seen a remarkable transformation in his child's learning habits with SplashLearn. His child uses the stars and the daily learning path to create a self-motivated routine. Daniel’s goal is to make his child an independent learner.

ESTABLISHED ROUTINE The daily learning path on SplashLearn provides a structured yet flexible set of activities, guiding his child through their curriculum in manageable, daily increments. “The daily learning path makes it easy for my child to know what’s expected each day. They can set their goals and work towards them independently. For math, I've noticed they’re capable of figuring things out on their own with how you’ve set it up; it kind of teaches them along the way,” says Daniel.

PURSUIT OF EXCELLENCE: STARS AND REWARDS The stars and rewards system on SplashLearn plays a crucial role in encouraging his child to strive for excellence. It promotes ownership of the learning path as Daniel’s child gets to set their own goals within SplashLearn, such as the number of stars or specific achievements they want to reach by the end of their learning path. And a motivation to aim for accuracy and improvement on the path to earn all the stars. ENGAGING PARENTS For Daniel, keeping track of his children's progress is crucial. He finds the progress tracking feature of SplashLearn particularly valuable.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

SPLASHLEARN

SCALE

PAIN

22 k+

197

390

Subject is a subscription-based learning platform that partners with K-12 school districts to provide students with premium, on-demand-for-credit courses.

SCHOOLS

TEACHERS

Students

There is a lack of engaging, equitable access to quality educational programs and materials.

Michael Vilardo

ACCESS

CEO

28%

SOLUTIoN

K-12 Education

Focus

TITLE I SCHOOLS

Subject provides cinematic, standards-aligned, and highly engaging complete high school courses.

2020

FOUNDED

OUTCOMES

Michael Vilardo and Felix Ruano

CO-FOUNDERS

120%

Month-over-month growth in multilingual student enrollments.

~12x

Year-over-year increase in recovery of struggling learner credits.

NOTABLE CO-INVESTORS

Softbank and Kleiner Perkins

Launched Multilingual Product

Attained ESSA Level IV Certification

Key Partnerships

OWL VENTURES INVESTMENT

CASE STUDY

Customer Story: From Bangladesh to Princeton: Mirajur Rahman's Educational Pathway

2022

2020-2024

2022

2023

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

SUBJECT

SCALE

PAIN

5.1 m+

60 k+

55.5 k+

Swing Education is a technology-enabled staffing marketplace dedicated to improving the way substitute teachers connect with K-12 schools.

SCHOOLS

EDUCATORS

Students

The US faces a severe teacher shortage, leaving many classrooms without qualified educators and hindering student learning nationwide.

Asha Visweswaran

CEO

ACCESS

Substitute Teacher Staffing

Focus

SOLUTIoN

56%

60%

2015

FOUNDED

Substitute teachers are women

substitute teachers are people of color

Swing connects schools with high-quality substitute teachers, continuing learning while providing essential breaks for full-time teachers.

Mike Teng and Asha Visweswaran

CO-FOUNDERS

NOTABLE CO-INVESTORS

Accel Partners

OUTCOMES

99%

Reliability rate of substitute teachers.

92%

Fill rate across ~4K schools.

Launched New App

Filled 1M+ Substitute hours

OWL VENTURES INVESTMENT

Key Awards

2024

2023

2018

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

SWING EDUCATION

CASE STUDY

How UIC College Prep achieved a 94% fill rate and boosted teacher retention with Swing Education

OUTCOMES UIC’s partnership with Swing provided them with the resources they need to continue their operations and focus on IUC’s main goals. In the ‘23-24 school year, UIC College Prep has placed hundreds of requests, with a 94% fill rate leading to several key outcomes for UIC College Prep:

Improvement in operational efficiency across teachers and leadership.

Positive impact on staff experience and teacher satisfaction and development.

Enhanced support for instructional coaches to focus on their primary role of supporting teacher development rather than covering classes.

The school aims to build a pool of long-term substitutes to ensure coverage stability and support their leadership team, and Swing will support every step of the way.

UIC College Prep, a charter school in Chicago, has been recognized as one of the best high schools in the city, distinguished for its commitment to diversity, equity, and inclusion.

CHALLENGE UIC College Prep faced increasing teacher absences, particularly exacerbated by the COVID-19 pandemic, which strained their ability to maintain educational continuity and support for their staff. Despite efforts to expand an in-house substitute team, the number of substitutes remained insufficient. SOLUTION UIC College Prep partnered with Swing Education to expand its substitute pool and provide a more reliable and strategic approach to substitute coverage. Swing Education ensured that classrooms were consistently staffed, which allowed instructional coaches to focus on teacher development rather than filling in for absent teachers.

“Swing excels in quickly providing personnel to cover classes on short notice, and they have a highly proactive service team available to support us. This enables IUC to carefully request substitutes who align with our unique expectations and ensure they uphold our standards for student accountability.” – Patty Arroyo, Assistant Principal of Operations, UIC College Prep

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

SWING EDUCATION

SCALE

PAIN

25 k+

120

ubiMaster democratizes and scales access to human experts and knowledge–starting with tutoring.

EDUCATORS

Students

Human-led tutoring is expensive and cumbersome. B2C-Models don’t work.

Jana Krotsch

CEO

ACCESS

SOLUTIoN

K-12 Tutoring and Financial Literacy

Focus

56%

ubiMaster offers on-demand tutoring solutions as employee benefit or embedded in banking products.

FOUNDED

2019

Participating employees’ children can only afford tutoring with employer support

CO-FOUNDERS

Jana Krotsch and Steffen Krotsch

NOTABLE CO-INVESTORS

AUXXO Female Catalyst Fund

OUTCOMES

Selected for MassChallenge Switzerland 2023 Accelerator

Reached 100+ Corporate Customers

60%

Children using ubiMaster improved their performance in school.

91%

Employees feel less stressed when their children use ubiMaster.

Named in HolonIQ’s Europe EdTech 200

OWL VENTURES INVESTMENT

2024

2023

2022

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

ubiMaster

CASE STUDY

ubiMaster with FLYERALARM: A partnership for employee satisfaction and educational equity

"As a working mother of three, it's great to come home in the evening and know that my school-aged children have already done their homework and have received support with schoolwork. The free online tutoring from ubiMaster takes a huge amount of pressure off my shoulders in everyday life. I finally have time in the afternoons to experience beautiful moments with my children instead of struggling with math or physics problems." (As shared by a long-time FLYERALARM employee)

FLYERALARM is one of the largest German e-commerce companies for marketing and print products in the B2B sector and a leading online printing company in Europe. Founded in 2002, FLYERALARM now employs over 2,500 people at 15 production and partner locations in Germany. Headquartered in Würzburg, FLYERALARM’s online shop offers more than three million marketing and print products and services across industries. FLYERALARM places significant value on employee satisfaction. In an environment characterized by a shortage of skilled workers, it is crucial that companies not only keep an eye on their financial performance, but also actively support employees’ work-life balance. Employees are the heart of every company, and their satisfaction plays a crucial role in long-term success.

Using ubiMaster, FLYERALARM was able to boost employee satisfaction. Parents of school-age children in secondary schools in particular praised the offer, as it helped them to better balance work and family. Through ubiMaster, all employees' children and trainees have unlimited access to tutors in five school subjects (math, physics, German, English, and chemistry). Parents are noticeably relieved and confirm that everyday life is less stressful. Regardless of whether the parents work shifts, are single parents, or look after the children as a couple: in any case, they always have a teacher at their side with whom they can learn without limits. This means parents are "freed up" from school-related stress at home.

The partnership between FLYERALARM and ubiMaster underlines that benefits are not a "nice to have" but promote employee satisfaction and loyalty. Over 50% of parents confirm that they would not be able to afford private learning support and tutoring without this offer from their employer.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

ubiMaster

SCALE

PAIN

2.4 m+

283

uLesson leverages best-in-class educators, AI, media, and technology to provide high quality accessible and exceptional educational services to African students.

COUNTRIES

SCHOOLS

Students

In Africa, education faces barriers due to limited access, costly digital resources, and scarce localised content.

Simdul Shagaya

CEO

OUTCOMES

K-12 Student Learning and Tertiary Education

Focus

SOLUTIoN

87.4 m+

Questions Answered.

21.8 m+

Lessons Watched.

FOUNDED

2019

uLesson offers a digital learning platform to reduce educational barriers with innovative, high-quality content.

FOUNDER

Simdul Shagaya

NOTABLE CO-INVESTORS

TLCom Capital, Founder Collective, Local Globe, Nielsen Ventures, and Tencent

Ranked Number one on Fast Company’s Most Innovative Companies in EMEA

CASE STUDY

Secured online university licence for Miva

Partnership with NDDC

OWL VENTURES INVESTMENT

Launched K12 Products

How uLesson became an online university

2024

2023

2021

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

K-12 |

ULESSON

POST SECONDARY

HONORLOCK

Noodle

KUALI

QUIZLET

KYRON LEARNING

Vaia | StudySmarter

LABSTER

Welcome Tech

Woebot Health

LEAP FINANCE

Morressier

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY

SCALE

445

PAIN

2.7 m+

Honorlock ensures secure, convenient, and scalable online exam proctoring, maintaining integrity and equity for educational and professional institutions and test-takers.

34 k+

HIGHER ED INSTITUTIONS

EDUCATORS

Students

Current test integrity, logistical challenges, remote accessibility, instructor workload, scalability, ease-of-use, test anxiety, and consistency limits online exam proctoring.

Michael Hemlepp

CEO

OUTCOMES

SOLUTIoN

Online Exam Proctoring

Focus

94%

Students feel HonorPrep helps them prepare for their next proctored exam.

2.6x

Faculty are 2.6x more likely to review exam sessions with Honorlock's proctor-verified violations.

FOUNDED

2014

Honorlock’s AI monitoring with human proctors available 24/7 delivers a less stressful, fair, and equitable testing environment.

Michael Hemlepp and Elena Soboleva

CO-FOUNDERS

NOTABLE CO-INVESTORS

Defy.vc, Arsenal Growth Equity, and Daniel Cane

Partnered with Unizin

Completed SOC 2 Type 2 Audit

Named G2 Online Proctoring Leader

OWL VENTURES INVESTMENT

2022

2024

2021

2023

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

HONORLOCK

CASE STUDY

Coastal Alabama Community College Raises the Bar for Effective, Accessible, Live Proctoring with Honorlock

CHALLENGE Coastal Alabama needed an accessible proctoring solution to strengthen academic integrity and provide actionable insights to mediate academic disputes. SOLUTION Coastal Alabama chose an Honorlock full institution license for live proctoring, enhanced by AI, to meet all their needs RESULTS Honorlock strengthened academic integrity, greatly improved accessibility, and streamlined both attendance and identity verification at Coastal Alabama.

Student Survey Result

96% agree that Honorlock is easy to use.

92% agree that Honorlock is flexible.

65% agree that Honorlock saves them time.

“Honorlock helps instructors ensure that students’ individual needs are met through the accommodations in the setup process. An instructor can specify individual student’s institution-approved accommodations and then the live proctor will ensure that those accommodations are afforded and that the student restricts their behavior to those accommodations.” – Dana Einfeld, Math Division Chair, Coastal Alabama Community College

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

HONORLOCK

SCALE

PAIN

3.4 m+

229

800 k+

Kuali offers a robust suite of administrative software solutions for higher ed institutions.

EDUCATORS

INSTITUTIONS

Students

Higher-education institutions need modern, cost-effective ways to implement IT services.

Joel Dehlin

CEO

OUTCOMES

Higher Education Administrative Tools

Focus

SOLUTIoN

3.1 m+

Emails, PDFs, and papers eliminated with Kuali Build.

1 k+

Apps created in 2 years at UConn with Kuali Build.

FOUNDED

2014

Kuali is making it simpler for higher-education institutions to transition to the Cloud by offering the ability to deploy best-of-breed modules one at a time.

Joel Dehlin and Chris Coppola

CO-FOUNDERS

NOTABLE CO-INVESTORS

Mercato Partners

Introduced second platform product - Ready

Introduced Third platform product - Research

Re-architected Build product for a platform approach

Launched Kuali Build

OWL VENTURES INVESTMENT

2019

2022

2024

2018

2023

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

KUALI

CASE STUDY

Transforming CSU Fresno into an Automated University with Kuali Build

PROBLEM California State University (CSU), Fresno is a top public university known for driving social mobility and supporting diversity in higher education. Fresno State is on a mission to transform the institution into an “automated university,” an initiative that modernized and improved the student experience. Max Tsai, Director of Training and Digital Transformation, had big hopes for this initiative. However, he noticed three recurring and pervasive process-related challenges barring progress. First, Fresno’s processes were paper-based. It was time to move beyond paper and PDFs. Second, the tools available required a developer to build and manage processes, and the processes often did not solve problems the way users hoped they would. Lastly, to be successful, staff and faculty needed a way to participate in creating solutions to their process problems.

SOLUTION To tackle these problems Fresno State partnered with Kuali Build, an online forms and workflow automation platform. Kuali Build was an important addition to Fresno’s technology stack. Build could fill needs from basic forms and workflows to highly complex workflows that push and pull information to and from the ERP solution. Build empowered Fresno State with an easy-to-use solution that offers workflow customization and high-powered integration capabilities. Tsai and his team finally had a tool that allowed nontechnical faculty and staff to meet their needs, removing a huge barrier that kept staff from improving the student experience.

RESULTS In just under a year with Kuali Build, Fresno has been able to launch 28 live apps, empower 38 admin users, and deliver 47 integrations, with many more in development. IT has partnered with many groups across campus including administrators, finance, academic graduate research, the university library, student-facing roles, and special programs which include auxiliaries who work closely with the K-12 community.

"The simplicity of the technology stood out. It has the ease of use like Google Forms but the enterprise quality of a system like OnBase in the workflow." – Max Tsai, Director of Training and Digital Transformation, CSU, Fresno

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

KUALI

SCALE

107

INSTITUTIONS

PAIN

2.6 k+

614

Kyron Learning is a discussion-based lessons platform with videos, visuals, and voice, powered by educators and facilitated by AI.

EDUCATORS

Students

Educational institutions (K-12, higher ed, curriculum/tutoring companies) struggle to deliver engaging and cost-effective learning experiences.

Rajen Sheth

CEO

ACCESS

Education K-Gray with a Focus on Higher Education

Focus

SOLUTIoN

60%

47%

TITLE I SCHOOLS

FREE REDUCED LUNCH

Kyron Learning scales interactive, personalized learning at a 10th of the cost with instant and unlimited availability using AI.

2022

FOUNDED

70%

12%

CO-FOUNDERS

Rajen Sheth and Enis Konuk

STUDENTS OF COLOR

ENGLISH LANGUAGE LEARNERS

NOTABLE CO-INVESTORS

GSV, ECMC Group Education Impact Fund

OUTCOMES

Completed pilot program with 50 schools

94%

Students report improved content understanding with Kyron Lessons.

72%

Students take advantage of 24x7 Kyron lesson availability.

5 Star Rating from Common Sense Media

Key Partnerships

OWL VENTURES INVESTMENT

2023

2024

2022

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

KYRON LEARNING

CASE STUDY

Fusing Human Intervention with AI to Create Inclusive, Scalable Learning Environments

WGU is piloting Kyron-based modules in Data Science and Computer Science to give students interactive and asynchronous, after-hours access to instructor support on common challenge areas. Kyron Learning's multimodal AI lessons, built with care by educators, engage each student in their unique needs. This approach focuses on protecting the students and empowering the educators, who maintain complete control over the content and delivery of the lessons. The visual and guided experience, combined with discussion-based assessments, allows students to interact with the material in a more personalized and meaningful way.

RESULTS WGU's initial pilot of the Kyron Learning platform has yielded promising results. The engagement data shows consistent student activity even during non-traditional hours, indicating the platform's ability to provide on-demand support and personalization.

In the rapidly evolving educational technology landscape, the fusion of human expertise and AI solutions holds immense potential to create inclusive, scalable and personalized learning environments that empower educators and students. Western Governors University (WGU) and Kyron Learning's pioneering work in this space is a shining example of how innovation can transform the educational experience for the benefit of all learners.

Furthermore, the student feedback has been overwhelmingly positive, with 95% reporting a positive experience and 98% stating that the lessons helped them learn the material better.

CHALLENGE WGU is a large online, open university with a diverse student population. 74% of the students come from one or more underserved communities, and nearly 80% are employed and study at flexible hours. As WGU's student population increases, the university faces the challenge of maintaining the personalized touch central to its mission.

SOLUTION The belief in the importance of human connection and intervention is the driving force behind WGU's approach to integrating AI into their learning model. The concept of "transitional AI" is critical to WGU's strategy, where AI is a tool to augment and enhance the educator's role rather than replace it. By automating administrative tasks and facilitating personalized information sharing, the university aims to empower its instructors to focus on the most critical human interactions with students.

As WGU and Kyron Learning continue their collaboration, the focus is on expanding the use of the platform to more instructors, courses, and students. The goal is to measure the quantitative impact on student outcomes, such as engagement, completion rates, and academic performance to further validate the effectiveness of this transitional AI approach.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

KYRON LEARNING

SCALE

PAIN

6.2 m+

105

11 k+

Labster is a leading provider of virtual science labs and healthcare simulations for interactive education.

COUNTRIES

INSTITUTIONS

Students

Student disengagement, difficulty in scaling laboratory access, gaps in knowledge, low grades, low student retention, high dropout rates.

Shawn Boom

CEO

OUTCOMES

Science and Healthcare Learning Simulations

Focus

SOLUTIoN

24%

Increase in knowledge demonstrated by struggling students after using Labster.

Increase in a student’s STEM career aspirations using Labster.

2012

Labster’s courseware improves learning outcomes and helps schools and universities reduce costs by retaining students and improving career preparation.

FOUNDED

Michael Bodekaer Jensen and Mads Bonde

CO-FOUNDERS

NOTABLE CO-INVESTORS

GGV Capital, Balderton Capital, Andreessen Horowitz (a16z)

Acquired UbiSim

Awarded STEM Provider of the Year

Named Shawn Boom CEO

OWL VENTURES INVESTMENT

2022

2023

2024

2019

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

LABSTER

CASE STUDY

Daemen University uses Labster to inspire curiosity-driven learning in anxious students

Caitlyn Montross, Assistant Professor of Chemistry at Daemen University, has taken a unique approach to teaching Organic Chemistry. Recognizing the pressure her students face over grades, which can lead to anxiety and burnout, Montross uses Labster's virtual labs to help foster a curiosity-driven learning environment. KEY TAKEAWAYS Labster's simulations can help build student confidence and relieve academic anxiety. A multi-modal approach to content enhances student learning experiences. Continuous knowledge testing through the platform supports student comprehension. Tailored Feedback and Improved Lectures “With almost any assignment I give them, I'll look at their quiz grades, and I'll go in and see what they were getting wrong. In Labster, I can see where they’ve gotten stuck, so I know what specific thing was missed or where my lecture could have been better.” – Caitlyn Montross, Assistant Professor, Daemen University Exposing Undergrads to Advanced Equipment “We're a small undergraduate institution, so we don't have a lot of capacity for instrumentation. We don't have a traditional NMR on campus, so I really like the instrumentation simulations to try to get [students] more exposed than what they would be just with the resources we have.” – Caitlyn Montross, Assistant Professor, Daemen University

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

LABSTER

SCALE

PAIN

6.33 m+

1946

893 k+

Leap is building the infrastructure to enable millennials’ global career aspirations and to democratize access to high-quality international education.

HIGHER ED INSTITUTIONS

USERS

STUDENTS

Students studying overseas struggle to choose the right university, finance foreign education, and secure visas and accommodations.

Vaibhav Singh

CEO

OUTCOMES

SOLUTIoN

Global Higher Education

Focus

84%

Enrolment rate achieved, compared to 55% industry average.

18x

Increase in the median income of the students financed.

Leap provides an end-to-end platform to solve all students' needs planning to study abroad for higher education.

2019

FOUNDED

Vaibhav Singh and Arnav Kuma

CO-FOUNDERS

NOTABLE CO-INVESTORS

Peak XV, Jungle Ventures, and Harvard Asset Management

Key Partnerships for Pathway Programs

Expanded to 10 countries

Key Partnerships for Hybrid Programs

OWL VENTURES INVESTMENT

2022-24

2023-24

2024

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

LEAP FINANCE

CASE STUDY

Michigan Technological University and LeapScholar launch new pathway program for Indian students

“Michigan Tech has a long tradition of welcoming international students, and we embrace the opportunity to partner with LEAP to offer unique opportunities of expanding access to our programs. Students from across the globe are an exciting, vibrant piece of the Michigan Tech community. This new partnership with LEAP will expand access to our programs, making them more accessible for a new generation of students." –Will H. Cantrell, Associate Provost and Dean of the Graduate School, Michigan Technological University

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

LEAP FINANCE

SCALE

46 k+

INSTITUTIONS

PAIN

300 k+

100+

Morressier provides societies and publishers with workflows to transform scholarly communications.

COUNTRIES

USERS

Fraudulent and low-quality output increases year-over-year and is eroding trust in the scientific record.

Sami Benchekroun

CEO

OUTCOMES

Research and Scholarly Publishing

SOLUTIoN

Focus

Faster submission times for authors with Morressier’s Journal Manager.

10x

Faster to bring a journal to market with Morressier’s Journal Manager.

Morressier's journal submission and peer-review platform helps publishers identify problematic content early and at scale.

2013

FOUNDED

Sami Benchekroun, Justus Weweler, and Rino Montiel

CO-FOUNDERS

NOTABLE CO-INVESTORS

Cherry Ventures, Redalpine Venture Partners, and Molten Ventures

CASE STUDY

Announced Integrity Suite

Key partnerships

Released Research Integrity Survey

OWL VENTURES INVESTMENT

Transforming over 10K hours of video content into a searchable library

2023

2024

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

MORRESSIER

SCALE

PAIN

316

Noodle empowers universities through tech-enabled strategic consulting, tailored services, and scalable technology to transform the world.

HIGHER ED INSTITUTIONS

COUNTRIES

EMPLOYERS

Universities must expand online capacity, coverage, and expertise while maintaining equitable and exceptional student experiences.

John Katzman

CEO

ACCESS

SOLUTIoN

Higher Education

Focus

62.4%

35.6%

Noodle’s expert team specializes in solving many-faceted challenges with collaborative, holistic, tech-enabled strategy and services that magnify partners' impact.

FOUNDED

2015

FEMALE

Students of Color

FOUNDER

John Katzman

NOTABLE CO-INVESTORS

Osage, ReThink, Lumina Foundation, Swan

OUTCOMES

97%

Students in Noodle-supported programs start their field placements on time.

88%

Students in Noodle-supported programs persist from Term 1 to Term 2.

Shifted to tech-enabled strategy and services model

Certified B-Corp

Formed Strategic Advisory Board

Key Acquisitions

OWL VENTURES INVESTMENT

2021

2022

2024

2017

2023

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

NOODLE

CASE STUDY

Laying the Groundwork for Student Success with Noodle

“We chose Noodle to help with the new program; they helped create a vision for it by studying our current methods, then taking a close look at our curriculum and assisting in the entire course-building process. Course builds for each semester started between seven and eight months before the start of the term, and each course was assigned a Noodle learning designer (LD) who helped to create a blueprint that was guided by the successful incorporation of course outcomes. That was a really valuable experience to be a part of because most of our faculty hadn’t ever been involved in that—it helped us to truly match our learning activities with each outcome and objective for our material.” – Kevin Tuohy, Assistant Director, College of Pharmacy and Health Sciences, Butler University

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

NOODLE

SCALE

PAIN

60 m+

130+

Quizlet is a global learning platform that helps 60M+ people learn using personalized study activities.

COUNTRIES

USERS

Students often lack the know-how or motivation to effectively learn with burnout, distractions, and stress making it tough to confidently learn material.

Kurt Beidler

CEO

Study Tools

Focus

OUTCOMES

SOLUTIoN

FOUNDED

2005

98%

Students say Quizlet has improved their understanding of study materials.

80%

Students Earn A’s with Quizlet.

Quizlet offers activities to effectively prepare for tests, exams, or anything being studied.

FOUNDER

Andrew Sutherland

NOTABLE CO-INVESTORS

General Atlantic, Costanoa Ventures, Union Square Ventures, Altos Ventures, and Icon Ventures.

Won EdTech Breakthrough Award for Test Prep Solution

CASE STUDY

Introduced Suite of AI products

Launched Ads Platform

Debuted AI tutor

OWL VENTURES INVESTMENT

Four ways Quizlet is harnessing GenAI in new study tools

2024

2022

2023

2015

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

QUIZLET

SCALE

28 k+

INSTITUTIONS

PAIN

26 m+

120 k+

Vaia is an intelligent learning platform automatically transforming any content into an individual learning course, making learning effective and fun.

EDUCATORS

USERS

Students struggle with the amount of content they ought to learn and do not know how to structure themselves.

Christian Felgenhauer

ACCESS

CEO

SOLUTIoN

Education and Recruiting

Focus

GENDER

52%

65.4%

2017

FOUNDED

Vaia provides users with an individualized learning path and smart learning toolbox to learn any content.

Christian Felgenhauer, Maurice Khudhir, Till Söhlemann, and Simon Hohentanne

FEMALE

CO-FOUNDERS

ENGLISH LANGUAGE LEARNERS

NOTABLE CO-INVESTORS

Goodwater Capital and Left Lane Capital

OUTCOMES

96%

Users receive better grades.

97%

Users are more structured in their learning.

Rebranded to Vaia

Expanded to 20+ countries

OWL VENTURES INVESTMENT

Key Awards

2021

2023

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

VAIA

SCALE

PAIN

4 m+

~400

Welcome Tech Inc empowers immigrants through education, resources, and critical services.

K-5 students

USERS

Language barriers, social security requirements, work history, and legal status obstruct access to essential services by immigrant communities, threatening their ability to thrive in the US.

Amir Hemmat

CEO

Empowering Immigrants

Focus

OUTCOMES

SOLUTIoN

2016

FOUNDED

200% +

YoY enterprise subscription growth.

$291 k+

Welcome Tech paid out $291 k+ in rewards to its users.

Welcome Tech has built essential technology like a digital wallet and a bilingual mobile app, and provides health and financial wellness resources to accelerates success for immigrant households.

Amir Hemmat and Raul Lomeli

CO-FOUNDERS

NOTABLE CO-INVESTORS

Nala Investments, Cometa, TTV, Softbank

CASE STUDY

Recognized as "Best for the World" B Corp

OWL VENTURES INVESTMENT

Expanded Board of Directors

Welcome Tech provides healthcare, financial services to 4 million immigrants

2021

2022

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

WELCOME TECH

SCALE

PAIN

1.5 m+

Woebot Health translates mental health evidence-based practices into technology for multiple intended uses across the wellness and care continuum.

USERS

Demand for mental health support has skyrocketed, outstripping the available supply of professionals.

Michael Evers

ACCESS

CEO

GENDER

SOLUTIoN

Digital Behavioural Health Solutions

Focus

62.8%

1.7%

NON-BINARY

FEMALE

Designed by humans, powered by AI, and grounded in science, Woebot provides mental health support to patients in their moment of need.

FOUNDED

2017

OUTCOMES

Dr. Alison Darcy

FOUNDER

NOTABLE CO-INVESTORS

NEA, AI Fund, JAZZ Venture Partners, Temasek, Blackrock, and Leaps by Bayer

96%

Users report a positive impression of psychoeducational content.

70%

Users at a major national health care system report feeling better after their first use of a tool.

Awarded mental health innovation award

14 RCTs conducted with 1,500+ participants

Virtua Health Signs With Woebot

OWL VENTURES INVESTMENT

CASE STUDY

Woebot featured on 60 Minutes: AI-powered mental health chatbots developed as a therapy support tool 60 Minutes

2023

2024

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

POST SECONDARY |

WOEBOT HEALTH

CAREER MOBILITY

APNA

PREPLY

BenchPrep

Sanjieke

Sizzle AI

Classplus

Smalt

CLASS TECHNOLOGIES

STASH

DEEPHOW

SV Academy

DEGREED

Thrive Global

GALENA

Thunkable

Growth School

UBITS

HoyTrabajas

Workera

Interplay Learning

Zeera

MASTERCLASS

Mighty Networks

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY

SCALE

PAIN

Apna.co is India’s largest jobs and professional networking platform that helps the workforce unlock economic opportunities, jobs, professional networking, and skilling.

51 m+

720 k+

RECRUITERS

USERS

A large part of India’s employable workforce must rely on untrustworthy and limited channels to find job opportunities.

Nirmit Parikh

CEO

ACCESS

SOLUTIoN

Economic Opportunities

Focus

23 m

27 m

Job applications

Tier II and III cities

WOMEN

Apna helps users build digital professional identities, find best hyperlocal job opportunities, and improve careers by building their professional network.

2019

FOUNDED

Nirmit Parikh

FOUNDER

Peak XV Partners, Lightspeed India Partners, Tiger Global Management, and Insight Partners

NOTABLE CO-INVESTORS

OUTCOMES

Names in YourStory’s Tech50

80%

NIFTY100 companies in India use Apna for their hiring needs.

~280 m

Job applications have been facilated by Apna.

Signed MoU with AICTE

Key Partnerships

OWL VENTURES INVESTMENT

2023

2021–23

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

APNA

CASE STUDY

Tech Careers Redefined: apna.co Partners with AWS re/Start via Generation India Foundation

In a significant move towards transforming India’s tech job landscape, apna.co has joined forces with Generation India Foundation and AWS re/Start, Amazon Web Services’ (AWS) workforce development program. AWS re/Start is a transformative workforce development program designed to equip unemployed and underemployed individuals with entry-level cloud skills. Apna’s platform will serve as a conduit for AWS re/Start graduates to showcase their skills directly to recruiters seeking entry-level tech roles. This integration not only addresses the industry’s demand for skilled professionals but also marks a strategic step towards transforming the traditional job market in India.

“In today’s fast-paced world of technology, there is growing demand for a skilled workforce to meet industry needs. Through our collaboration with the Generation India Foundation and the AWS re/Start program, we are empowering aspiring professionals and helping bridge the gap between talent and the demand for skilled workers in India’s tech industry.” – Nirmit Parikh, Founder & CEO, Apna

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

APNA

SCALE

50 k+

INSTITUTIONS

PAIN

BenchPrep’s LMS enables associations to better support the lifelong learning journey through engaging learning, exam prep, and continuing education programs.

8.4 k+

10.4 m+

EMPLOYERS

USERS

Associations and credentialing organizations struggle to generate revenue, reduce certification dropout rates, grow programs, and engage learners.

Ashish Rangnekar

CEO

OUTCOMES

SOLUTIoN

Associations and Credentialing Bodies

Focus

133%

133% increase in sales for GMAC with an exam prep product on Benchprep.

32%

Higher score on practice exams by students using the ACT Online Prep.

BenchPrep enables associations and credentialing organizations to increase revenue and better support their learners through data-driven insights and engaging learning experiences.

FOUNDED

2009

Ashish Rangnekar and Ujjwal Gupta

CO-FOUNDERS

NOTABLE CO-INVESTORS

Revolution Ventures, Jump Capital, NewView Capital

CASE STUDY

Expanded Lifelong Learning Platform

KEY CUSTOMERS SIGNED

Key Awards and Recognition

OWL VENTURES INVESTMENT

Revolutionizing Physician Certification Through Digital Learning

2024

2022-2024

2019-2024

2019

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

BENCHPREP

SCALE

PAIN

72 m+

150 k+

Classplus allows educators and content creators to sell their digital content on their own mobile apps.

EDUCATORS

STUDENTS

Educators and content creators lack tools to seamlessly host content, build an engaged community, and monetize audiences on one platform.

Mukul Rustagi

CEO

OUTCOMES

Focus

Creator Economy

SOLUTIoN

2018

FOUNDED

2 b+

90 m+

Classplus enables creators to host content, engage communities, and monetize audiences on their own mobile apps.

Mukul Rustagi and Bhaswat Agarwal

CO-FOUNDERS

Minutes of video content watched by students monthly.

Pieces of video content available for students.

Internet Fund VII, Alpha Wave Incubation, RTP Global

NOTABLE CO-INVESTORS

CASE STUDY

Key Strategic Investments

Launched a college campus

OWL VENTURES INVESTMENT

How Raja Rani Coaching, featured on Shark Tank India, used ClassPlus to Grow 10x

2024

2023-24

2022

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

CLASSPLUS

SCALE

PAIN

10 m+

200

Class builds virtual classrooms that add Teaching and Learning Tools to Zoom, making the virtual classroom feel like a real classroom.

COUNTRIES

EMPLOYERS

STUDENTS

The virtual classroom is often not as engaging as an in-person classroom.

Michael Chasen

CEO

OUTCOMES

SOLUTIoN

Focus

K-12, Higher Education, and Corporate Learning

32%

46%

Less distraction observed among learners using Class, compared to traditional video conferencing tools.

More confidence in applying knowledge observed among learners using Class, compared to traditional video conferencing tools.

Class adds teaching and learning tools to Microsoft Teams and Zoom, allowing educators to bring online courses to life by fostering collaboration, interaction, and discussion.

2020

FOUNDED

Michael Chasen

FOUNDER

Insight, Softbank, Emergence

NOTABLE CO-INVESTORS

CASE STUDY

Partnered with Tripod to examine Impact on Learner Engagement

Using Class to Deliver Virtual Trainings That Feel Like In-Person

OWL VENTURES INVESTMENT

Key PARTNERSHIPS

KEY ACQUISITIONS

2022-2023

2023

2022

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

CLASS

SCALE

PAIN

35 k+

28+

100+

DeepHow, an AI-powered platform, allows organizations to record, transcribe, and translate process videos, onboarding and upskilling a multilingual workforce.

COUNTRIES

EMPLOYERS

USERS

Traditional text-based SOPs are hard to update, and today's workers prefer upskilling through videos, not written instructions.

Sam Zheng

CEO

OUTCOMES

SOLUTIoN

Manufacturing and Skilled Workforce Organizations

Focus

20%

Expert’s time reclaimed by offloading training duties and job shadowing.

40%

Acceleration of workforce onboarding, reducing impact of high churn.

DeepHow's AI video platform enables easy creation, updating, and multilingual translation of instructional content, facilitating efficient learning and upskilling.

FOUNDED

2018

Sam Zheng, Wei-Lian Kao, and Patrik Matos

CO-FOUNDERS

NOTABLE CO-INVESTORS

Sierra Ventures, Qualcomm Ventures, Osage Venture Partners

CASE STUDY

Partnership with The Washing Machine Project

Partnership with UL

Partnership with UAlbany

OWL VENTURES INVESTMENT

Fuyao's Strategic Success: Reducing Onboarding Time by 50%

2023

2024

2023

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

DEEPHOW

SCALE

PAIN

9 m+

202

400+

Degreed is a learning system that helps organizations pinpoint skills gaps, deliver personalized learning, and measure change to advance workforces.

COUNTRIES

EMPLOYERS

USERS

As skill gaps grow, learning and development programs and business objectives often misalign.

David Blake

CO-CEO

ACCESS

Learning Experience & Skills Platform

SOLUTIoN

Focus

With Degreed, organizations use skills insights to strategically develop workforces, upskilling employees with personalized experiences and reskilling where it's needed most.

FOUNDED

2012

LANGUAGES

David Blake & Eric Sharp

CO-FOUNDERS

Max Wessel

NOTABLE CO-INVESTORS

Sapphire Ventures, Riverwood Capital

CO-CEO

OUTCOMES

60%

Degreed’s clients complete 10+ learning modules in a year.

42%

Degreed’s clients add 10+ skills to their profiles in a year.

Partnered with SAP SuccessFactors

Named in Time’s World’s Top EdTech Companies

Launched The Shift

OWL VENTURES INVESTMENT

Key Hires

2023-24

2024

2023

2024

2018

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

DEGREED

CASE STUDY

How Mastercard Drove Business Through a Culture of Innovation and Learning

Faced with digital disruption, Mastercard partnered with Degreed to expand beyond payment processing. Degreed's platform helped employees develop vital tech skills, aiding the company's shift to an innovative technology leader. Now widely adopted at Mastercard, the platform has strengthened the company’s position in the industry.

How Polaris Manufacturing Powers Personalized Learning

Polaris, a leader in vehicle manufacturing, partnered with Degreed to create a flexible learning and development (L&D) platform that offers personalized skill-building opportunities aligned with the company's strategic goals. The platform has quickly improved performance reviews, leadership development, and access to just-in-time learning resources, helping Polaris stay competitive in their fast-paced industry.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

DEGREED

GETTING TO KNOW GALENA BETTER

How do you envision your product creating a positive impact on individuals, businesses, or society as a whole?

PAIN

Galena is transforming career development through AI by providing employees personalized guidance, mapping skills to potential career paths, and suggesting effective development tools.

Galena empowers individuals by clarifying career pathways and by fostering their professional development. It also helps businesses retain talent, contributing to a healthier, more productive society.

There remains unclear career progression for employees and high turnover for companies.

Guilherme Luz

What metrics or key performance indicators (KPIs) do you track or plan to track to measure the impact of your product?

CEO

Galena currently tracks platform engagement, number of enrolments, and active users. Galena plans to track user career progression, retention rates for businesses, and user satisfaction scores.

SOLUTIoN

Focus

Professional Development

2021

FOUNDED

Galena provides an AI-driven platform that offers personalized career guidance and development resources.

What steps have you taken to ensure that your product is accessible and inclusive, considering factors like affordability, usability, and addressing diverse user needs?

Guilherme Luz and Eduardo Mufarej

CO-FOUNDERS

NOTABLE CO-INVESTORS

Altos Ventures, Exor Seeds, and Elevar Equity

Galena is designing its platform to be user-friendly and customizable to individual career goals. Galena is exploring affordable pricing models to ensure access across different economic tiers.

SCALE

CASE STUDY

90+

260 k+

120+

Read more about how Galena is creating personalized career development plans and recommendations here.

INSTITUTIONS

EMPLOYERS

USERS

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

GALENA

SCALE

PAIN

Growth School provides learning pathways for students and professionals to labor-market relevant skills taught by top performing industry leaders.

~2 m

10+

COUNTRIES

EMPLOYERS

STUDENTS

University programs in India are often outdated, focusing on technical knowledge taught by academics, not practitioners.

Vaibhav Sisinty

CEO

OUTCOMES

SOLUTIoN

Focus

Community-Led Skill Development

130%

Better completion rates than other videos and courses.

FOUNDED

Growth School offers short courses on new, relevant topics for students, professionals, and casual learners, taught by industry leaders.

2021

FOUNDER

Vaibhav Sisinty

NOTABLE CO-INVESTORS

peakXv (formerly Sequoia Capital India & SEA)

CASE STUDY

Customer Stories

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

GROWTH SCHOOL

SCALE

PAIN

HoyTrabajas is a tool for attracting and retaining low-skilled workers in Latin America.

500+

1.9 m+

USERS

EMPLOYERS

Companies hiring low-skilled workers in Latin America have difficulty recruiting employees and face high turnover.

Rubén D. Córdoba

ACCESS

CEO

90%

Low-Skilled Workers in Latin America

Focus

SOLUTIoN

Low Income Workers

2019

FOUNDED

HoyTrabajas provides companies with highly qualified candidates, speeding up hiring and offers a benefits product to optimize the working conditions.

Ruben Cordoba, Sebastian Arce, and Vladimir Guzman

CO-FOUNDERS

OUTCOMES

109 k+

Low-skilled workers have been hired through HoyTrabajas.

NOTABLE CO-INVESTORS

Rebel Fund, Arash Ferdowsi (Co-Founder Dropbox), Starling Ventures

Partnered with Mayor of Bogota's Office

OWL VENTURES INVESTMENT

Expanded to Mexico

CASE STUDY

KM2 and Hoy Trabajas: Transforming bilingual recruitment with a human touch

2022

2023

2022

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

HoyTrabajas

SCALE

PAIN

241 k+

250

3.3 k+

Interplay Learning is the leading global provider of online and VR training for essential skilled trades.

SCHOOLS

EMPLOYERS

USERS

Employers and communities feel the pain of not having enough skilled trades professionals to meet an all-time high in demand.

Doug Donovan

CEO

OUTCOMES

Focus

Skilled Trades

SOLUTIoN

92%

Positive business impact for employers.

89%

Employers say Interplay helped them train techs faster.

2016

FOUNDED

Interplay’s solution is a platform that attracts and trains a tech-savvy generation on trade skills.

Doug Donovan

CO-FOUNDERS

Goldman Sachs, S3 Ventures, Strada Education Network

NOTABLE CO-INVESTORS

Rolled out Interplay Africa Partnerships

ACQUIRED Industrial Training International

KIM CALDBECK JOINED THE BOARD

OWL VENTURES INVESTMENT

Released AI mentor in beta

2024

2022

2023

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

INTERPLAY LEARNING

CASE STUDY

Customer Success Story: JASA Inc. Trade School

Jasa Inc. empowers underserved communities to gain self-sufficiency with industry-recognized training in electrical, plumbing, HVAC, heavy equipment, and construction. Jasa faced challenges expanding reach and accommodating students unable to take time off work to attend classes. By incorporating Interplay’s expert-led, 24/7 accessible courses from anywhere with an internet connection, Jasa opened more doors and lifted barriers to entry previously faced by its students and underserved populations.

KEY SUCCESSES

Scaled program reach and access, doubling registration rates and revenue.

Achieved 85% job placement for grads, a 10-15% increase since implementing Interplay.

Reduced operational expenses by $25,000/mo with shift to remote instruction.

Grew business 65% and profit margin 40%, amplifying impact on broader at-risk groups.

Decreased insurance premiums 60% with Interplay’s industry-approved safety training.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

INTERPLAY LEARNING

SCALE

PAIN

200+

MasterClass is a streaming platform where the world's best come together so anyone, anywhere, can access and be inspired by their knowledge.

COUNTRIES

Regardless of their stage in life, consumers want to better themselves and are seeking personal and professional development.

David Rogier

CEO

USAGE

SOLUTIoN

Focus

Consumer and Enterprise Learning

400+

240+

MasterClass makes it possible for anyone to watch or listen to hundreds of video lessons taught by 200+ of the world’s best.

2015

FOUNDED

CLASSES

LearningHOURS

David Rogier

FOUNDER

Fidelity Management & Research Company, Javelin, Eldridge

NOTABLE CO-INVESTORS

OUTCOMES

86%

MasterClass users learn something every time they use MasterClass.

86%

MasterClass users agree that they have applied something they have learned from MasterClass to their lives.

Introduced MASTERCLASS AT WORK Accelerator

OWL VENTURES INVESTMENT

KEY PARTNERSHIPS

Key Awards

2024

2023

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

MASTERCLASS

CASE STUDY

MasterClass AnnounceD New Series on Gut Health and Brain Health With Leading Experts

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

MASTERCLASS

SCALE

PAIN

15.6 m+

103

Mighty Networks is a community and course platform with advanced technology called ‘People Magic’ that introduces people to each other.

COUNTRIES

USERS

High churn and low engagement for communities, courses, and memberships limits connections.

Gina Bianchini

CEO

OUTCOMES

SOLUTIoN

2.8 m+

People using People Explorer, Mighty’s new experience for Member-to-Member connections.

$370 m

Generated by Mighty Networks Hosts in 2023.

Focus

Creator Economy

Users can create a community that runs itself using advanced technology and AI. Members get value from connecting and collaborating with other members—not content.

2017

FOUNDED

Gina Bianchini, Tim Herby, and Thomas Aaron

CO-FOUNDERS

NOTABLE CO-INVESTORS

Intel Capital, Sierra Wasatch, Ziff Capital Partners

CASE STUDY

A Podcaster pivoted from a failed challenge to a $5M Launch

Reached 1M Mighty Networks

Launched Mighty Co-HostsTM

Launched People Magic

OWL VENTURES INVESTMENT

A podcaster migrated to Mighty Networks from another platform where her community wasn't engaged and her team was grinding it out. On Mighty Pro they had a $5M launch and are getting ready to almost double it in year 2–with radically less work.

2024

2023

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

MIGHTY NETWORKS

SCALE

PAIN

120 k+

250+

600+

Preply is a global language learning marketplace, connecting tutors with millions of learners across the world.

COUNTRIES

EMPLOYERS

EDUCATORS

The offline language learning journey is expensive, inflexible, and offers a limited number of good language teachers.

Kirill Bigai

CEO

ACCESS

Language Tutoring

Focus

SOLUTIoN

41%

56%

FOUNDED

2012

Preply connects learners to the largest and best tutor selection, great prices, and flexibility, with AI-powered tools and content.

FEMALE

ENGLISH LANGUAGE LEARNERS

Kirill Bigai, Dmytro Voloshyn, and Serge Lukyanov

CO-FOUNDERS

NOTABLE CO-INVESTORS

Reach Capital and Point Nine Capital

OUTCOMES

40 k+

Tutors make money every month by teaching on Preply.

150+

Different subjects taught on Preply in 240+ countries.

Partnered with ETS for TOEFL iBT® Test Preparation

LAUNCHED AI-enabled tools

Named in A16Z Marketplace 100

OWL VENTURES INVESTMENT

2023

2015

2024

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

PREPLY

CASE STUDY

Expanding GO fit’s global reach through Italian and English fluency

GO Fit is a chain of fitness clubs in Spain and Portugal, soon expanding into Italy. Their mission is to inspire individuals, families, and communities to develop a more active, healthy, and sustainable society.

CHALLENGE GO Fit is planning significant international expansion, especially in the Italian market. Their teams need to improve English and Italian language skills to conduct meetings, establish partnerships, and develop processes in a new country. SOLUTION Preply’s model has helped GO Fit achieve a training model that is flexible and easy to use. Its features include:

Study anytime, anywhere.
Diverse teachers tailored to student levels and experience.
Corporate dashboard to track employee engagement and progress.
Ongoing support from a dedicated account manager

RESULTS Thanks to Preply, 45 GO Fit employees have notably improved their communication skills in both English and Italian.

GO Fit has exceeded 314 classes taken in a single month with a 67% increase in the average number of lessons scheduled per month since the program’s inception in May 2023.

Ultimately, Preply has contributed to business success by enhancing employees’ English and Italian language skills.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

PREPLY

SCALE

PAIN

1.2 m+

1 k+

Sanjieke connects global high-quality course resources and assists enterprises in digital transformation and talent upgrading.

EMPLOYERS

USERS

Companies have limited access to high-quality online courses.

Luke Hou Xianhui

OUTCOMES

CEO

SOLUTIoN

75%

Course completion rate.

31%

Of China’s Fortune 500 companies served.

Focus

Online Professional Education Service

Sanjieke provides high-quality courses on its website and gives users unlimited access to these courses.

FOUNDED

2015

HOU Xianhui

FOUNDER

NOTABLE CO-INVESTORS

IDG, Wu Capital, and Udemy Inc

CASE STUDY

Sanjieke promotes the strategic upgrade of corporate AI talent

Partnered with Udemy Link

Launched AIGC Learning Fest Link

Transitioned to 100% online education

OWL VENTURES INVESTMENT

Sanjieke launched an “AIGC Learning Festival" to provide useful references and practical guidelines for corporate AI talent training. They have launched 500 Gen AI courses. and the learning time of AI application courses has increased by 8,303%.

2023

2024

2021

2019

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

SANJIEKE

GETTING TO KNOW SIZZLE BETTER

How do you envision your product creating a positive impact on individuals, businesses, or society as a whole?

PAIN

Sizzle AI combines the power of AI with the engagement of social platforms to make learning engaging, personalized, and effective.

Sizzle AI helps learners of all ages and backgrounds build mastery of topics of interest by leveraging AI to make learning more engaging, personalized, and effective.

Learning apps are often boring, ineffective, costly, and prioritize monetization over educational outcomes.

Jerome Pesenti

What metrics or key performance indicators (KPIs) do you track or plan to track to measure the impact of your product?

CEO

Weekly Active Learners will be the primary metric and Sizzle AI will add other supporting and guardrail metrics after launching and refining.

SOLUTIoN

Focus

Learning Across All Ages

Sizzle AI provides learners personalized learning experiences with engaging bite-sized exercises, step-by-step solutons, and learning content to build mastery and confidence.

FOUNDED

2022

What steps have you taken to ensure that your product is accessible and inclusive, considering factors like affordability, usability, and addressing diverse user needs?

Jerome Pesenti

FOUNDER

NOTABLE CO-INVESTORS

V-8

Sizzle AI has committed to a basic, high-value feature set that will always remain free for all learners. Sizzle has also ensured that the design adheres to accessibility standards and is seeking feedback from testers with specialized needs to understand gaps in product functionality for those cases.

SCALE

How do you ensure that your product aligns with educational standards and curriculum requirements?

2 m+

Sizzle AI has consulted experts early and often, and has experts in learning science on the core team influencing the design and functionality of the product.

USERS

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

SIZZLE AI

SCALE

STUDENTS

PAIN

Smalt increases talent supply and productivity in the climate trades.

100

USERS

As the demand for climate products is surging, blue collar talent supply to install and service clean energy products remains broken.

Khurram Masood

Clean Energy Installation and Education

Focus

CO-CEO

SOLUTIoN

ACCESS

2023

FOUNDED

Khurram Masood and Marius Westhoff

CO-FOUNDERS

80%

40%

Smalt’s workforce development and service delivery platform increases labor supply and productivity at scale.

English Language Learners

Students of Color

NOTABLE CO- INVESTORS

General Catalyst and Heartfelt Ventures

Marius Westhoff

CO-CEO

OUTCOMES

500+

Solar systems installed.

1 k+

Tonnes of CO2 emissions saved.

Key Partnerships

Opened In-house Academy

OWL VENTURES INVESTMENT

Opened Hubs

2024

2023

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

SMALT

SCALE

1.5 m+

SUBSCRIBERS1

9 m+

aCCOUNTS2

PAIN

Stash is the industry-leading subscription platform empowering middle-class Americans to invest and build wealth.

No tool, service, or platform guides lower- and middle-income Americans toward investing and other activities that lead to wealth building.

SOLUTIoN

OUTCOMES

Focus

Personal Finance and Investing

20%

More savings after five years by customers who Auto-Stash.4

$3.5 b+

Set aside by Stash users.3

Stash empowers subscribers to invest and build wealth through easy and affordable access to a suite of products including investing, banking, education, rewards, and advice.

2015

FOUNDED

Brandon Krieg and Ed Robinson

CO-FOUNDERS

T.Rowe Price, Eldridge, Goodwater, and Union Square Ventures

NOTABLE CO-INVESTORS

CASE STUDY

Key Recognitions

Launched Smart Portfolios

OWL VENTURES INVESTMENT

Launched StashWorks

Stash goes B2B with StashWorks

2022-23

2024

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

STASH

SCALE

PAIN

SV Academy recruits, trains, and mentors talent to improve new hire retention and growth, allowing companies to scale efficiently.

507

2563

STUDENTS

EMPLOYERS

Employer demand for skilled entry level positions outpaces supply.

Michael Colonnese

ACCESS

CEO

79%

SOLUTIoN

Employee Onboarding and Training Programs

Focus

STUDENTS OF COLOR

Employers offboard recruiting, training, and mentoring to SV Academy, making talent successful in their new roles with higher retention.

2017

FOUNDED

Rahim Fazal and Joel Scott

CO-FOUNDERS

NOTABLE CO-INVESTORS

Leeds Illuminate and Juvo Ventures (Western Governor’s University)

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

SV ACADEMY

SCALE

PAIN

200+

160+

Leading behavior change technology company with the mission to improve productivity and health outcomes.

COUNTRIES

EMPLOYERS

Productivity losses
Employee attrition
Employee sentiment

Arianna Huffington

CEO

OUTCOMES

Focus

Behavior Change Technology

SOLUTIoN

78%

Contact center agents say that having Thrive Reset has made stress more manageable.

45%

Increase in focus reported by those using Thrive.

2016

FOUNDED

Thrive Global’s suite of products diagnose burnout before it takes hold and improves the world's health and productivity through science-backed behavior change.

Arianna Huffington

FOUNDER

Kleiner Perkins, IVP, JAZZ Venture Partners, Goldman Sachs Asset Management

NOTABLE CO-INVESTORS

Launched Music + Health Summit with Universal Music Group

Deepened partnership with Webex

Launched Thrive AI Health with OpenAI Startup Fund

Expanded Mission

OWL VENTURES INVESTMENT

2023

2024

2023

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

THRIVE GLOBAL

CASE STUDY

AI-Driven Behavior Change Could Transform Health Care

AI-driven behavior change offers a promising solution to manage chronic diseases and enhance health outcomes by leveraging hyper-personalization. With 129 million Americans suffering from chronic conditions and 90% of the $4.1 trillion annual healthcare expenditure directed toward these issues, AI's role is important than ever. AI accelerates scientific progress in medicine and provides tailored recommendations to improve daily behaviors such as sleep, diet, exercise, stress management, and social connections. Thrive AI Health, funded by the OpenAI Startup Fund and Thrive Global, is building a personalized AI health coach. This AI coach was trained on peer-reviewed science and personal biometric data, and offers real-time, individualized health recommendations. Use of such technology helps to democratize health benefits and address health inequities by making personalized health guidance accessible to all. AI-driven behavior change can reduce chronic disease prevalence, enhance mental and emotional well-being, and extend health spans and lifespans. Ultimately, Thrive AI Health is transforming healthcare into a more effective system. This has been adapted from an op-ed co-written by Sam Altman and Arianna Huffington in Time.

“So much of the conversation around AI has been about how much time it will save us and how productive it will make us. But AI could go well beyond efficiency and optimization to something much more fundamental: improving both our health spans and our lifespans. Because health is also what happens between doctor visits. In the same way the New Deal built out physical infrastructure to transform the country, AI will serve as part of the critical infrastructure of a much more effective health care system that supports everyday people's health in an ongoing way. These are some of the ideas behind Thrive AI Health.” – Sam Altman and Arianna Huffington

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

THRIVE GLOBAL

SCALE

15.6 k+

INSTITUTIONS

PAIN

2.1 m+

218 k+

Thunkable is the no-code development platform to create custom, mobile applications for Android, iOS, and the web.

EDUCATORS

STUDENTS

Mobile application development is often held by a small percentage of technically capable experts.

Arun Saigal

CEO

100 k+

184

Focus

No-Code, Mobile App Development

SOLUTIoN

COUNTRIES

EMPLOYERS

FOUNDED

2016

Thunkable's visual development platform enables students to become hands-on with digital technology creation while instilling key computer science concepts.

OUTCOMES

Arun Saigal and WeiHua Li

CO-FOUNDERS

Lightspeed Venture Partners, NEA, PJC

NOTABLE CO-INVESTORS

33%

Of all students go on to distribute their apps built on Thunkable.

165 k

Students got hands-on with coding concepts on Thunkable.

Launched integration with OpenAPI GPT

Launched Thunkable Organizations

Partnered with Classlink

OWL VENTURES INVESTMENT

CASE STUDY

Congressional App Challenge Winner, France Liang, built her app on Thunkable

2023

2022

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

THUNKABLE

SCALE

PAIN

650+

15+

490 k+

UBITS is the learning hub for the Latin American workforce, focused on developing business, tech, English and soft skills.

COUNTRIES

EMPLOYEES

COMPANIES

Skills gaps and access to high quality education exists in Latin American countries.

Julián David Melo

CEO

OUTCOMES

Focus

SOLUTIoN

B2B e-Learning and HR Talent Management

74%

85%

UBITS offers access to 11K+ courses to develop business, tech, English, and soft skills, free for employees, in the form of a subscription paid for by the employers.

FOUNDED

2018

Employees are more confident to perform their job at a higher level.

Employees indicate they are more likely to remain with the company.

Julián David Melo and Marta Forero

CO-FOUNDERS

Riverwood Capital Latam L.P

NOTABLE CO-INVESTORS

CASE STUDY

Announced scholarships Harvard Business Publishing

Announced Women’s Scholarship

Key Recognitions

Key Partnerships

OWL VENTURES INVESTMENT

Ubits adopts a new strategy to integrate content from various allies and formats

2024

2022-23

2023

2021

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

UBITS

SCALE

PAIN

270 k+

Workera AI is a skills development platform that uses AI to upskill the workforce on cutting-edge technologies.

COUNTRIES

EMPLOYERS

STUDENTS

Organizations struggle to upskill employees, adopt cutting-edge technology, and stay ahead of industry transformation.

Kian Katanforoosh

CEO

OUTCOMES

SOLUTIoN

Enterprise SaaS, HRTech, and Future of Work

Focus

Faster skills growth with personalized learning on Workera.

9.3 m+

Skills signals generated through assessment or inference.

Workera accelerates enterprise transformation by assessing team skills, personalizing learning journeys, and measuring progress.

FOUNDED

2020

Kian Katanforoosh

FOUNDER

AIFund, NEA, Jump Capital, and Sozo Ventures

NOTABLE CO-INVESTORS

Received awardable status from Tradewinds Solutions Marketplace

Named to Fast Company’s Most Innovative Companies List

Launched free AI skill Assessments

Key Partnerships

OWL VENTURES INVESTMENT

2024

2021-22

2024

2020

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

WORKERA.AI

CASE STUDY

Siemens Energy Improves Gen AI Learning for a Workforce of Thousands

CHALLENGE With the growing need for teams proficient in large language models (LLMs) and generative AI (GenAI) skills, Siemens Energy faced the significant challenge of delivering engaging, personalized learning to its nearly 100,000-strong workforce. The company embarked on a strategy to increase technical domain knowledge related to using innovative solutions such as AI. SOLUTION Siemens Energy partnered with Workera to create specific learning domains and assessments customized by role and department to measure and benchmark everyone’s skills. Using personalized learning paths, they upskilled team members who acted as trainers who demonstrated what they learned to their leaders by mentoring others and leading customer conversations about GenAI, ChatGPT, and LLMs.

RESULT Workera has led to noticeable improvements in two areas of L&D for Siemens Energy: 1. More personalized skill building. 2. A reduction in time needed to learn a new skill.

“One of our strategic priorities as a company is to increase technical domain knowledge when it comes to using innovative solutions like large language models. As a key step, we chose Workera to run a GenAI and ChatGPT learning challenge across our global workforce.” – Jyotika Samjee, Head of Digitalization Academy & Global Transformation, Siemens Energy

4,923 Completed skills assessments on the Workera platform.

97% of Learners who completed an assessment were certified in less than 90 days.

Learners experienced 62% improvement in generative AI and ChatGPT skills after 2 weeks.

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

WORKERA.AI

SCALE

PAIN

Zeera is a content-led approach to mental health care delivering on-demand, 24/7 access to care with clinical outcomes on-par with human-delivered one-to-one therapy.

100 k+

USERS

COUNTRIES

Only an average 2% of employees utilize their mental health benefits.

Ariela Safira

ACCESS

CEO

SOLUTIoN

43.7%

73.2%

Zeera empowers the workforce through a mental wellness benefit with therapist-created and -led audio sessions, live groups, and community stories.

Mental Health Care

racial minorities

gender minorities

Focus

2019

FOUNDED

OUTCOMES

Ariela Safira

FOUNDER

NOTABLE CO-INVESTORS

Lightspeed Ventures, Forerunner Ventures, Megan Rapinoe, and Gwyneth Paltrow

40%

Reduction in depression in 60 days.

27%

Reduction in stress.

Rebranded to Zeera

Completed IRB Study

Key Partnerships

OWL VENTURES INVESTMENT

CASE STUDY

How Zeera helps Maven “Lead with Data” to Transform Employee Wellness Link

2024

2023-2024

2024

2022

OWL VENTURES EDUCATION OUTCOMES REPORT 2024 |

CAREER MOBILITY |

ZEERA

Novakid has delivered 14M+ lessons.

The Utah State DOE found that Amira generated effect size of 0.46. This substantial effect size equates to a student accelerating a half year. Other edtech effect sizes were 0.09-0.03.

1.2 m+ course requests fulfilled wherein 39% of students are scheduled with an advanced course in 2022-23

3 Total AUM calculated as of March 11, 2024, across all brokerage accounts including IRAs. “Set Aside” is defined as complete incoming transfers from external funding sources to Stash across all brokerage accounts. This statistic does not take withdrawal into consideration.

When a school collaborator asks for an appointment for a student it takes only 1 minute and 19 seconds on average for a health care provider to start the videocall. Others telehealth benchmarks in Brazil take an average 12 minutes.

Formative promotes secondary math gains.

23M students at the time of acquisition, with a 13% increase during the 2023-24 school year.

1M teachers at the time of acquisition, with an 18% increase during the 2023-24 school year.)

92% of students who saw a Hazel Health physical health provider returned to class, preventing 186,825 hours of missed learning time.

Contact center agents also reported:

76% of agents feel more effective on calls after receiving a Thrive Reset.
90% of Thrive Reset completion rate.
70% of agents would rather receive a 60 second Thrive Reset than have that time back.

Abl partners with school districts across the country to establish a predictive indicator of college and career readiness that measures not just eligibility but likelihood to persist in post-secondary education to ensure that students are graduating with multiple, viable, and meaningful options that lead to resilient futures with sustainable career opportunities.

This is compared to 204 apps in 9 years using a low-code platform prior to Kuali Build.

Participants reported learning tailored, practical strategies for managing stress in various situations, precisely when they needed it.

AICTE is the governing body responsible for the development of India’s technical education system. This partnership will facilitate building “AICTE Career Portal,” with features like AI resume building, real-time notifications, and community engagement for engineering and management graduates. Read More here

Kids who have completed Level Up lessons are >2x more likely to invest. To date, $70M+have been invested by Greenlight kids and teens

Workera offers a comprehensive view into a workforce’s skills through AI-powered measurement that drives actionable skills intelligence and improves decision-making. Workera’s robust skills ontology and accurate, objective measurement make it possible for enterprises to easily identify skill strengths and gaps, benchmark their workforce, and track skills trends and growth over time.

Many immigrants lack the means to secure employment or financial gain due to skills, minimal English language proficiency, and/or adequate documentation. Welcome Tech’s REWARDS program empowers these consumers to secure financial gain by participating in surveys. This benefits them in multiple ways: financially and psychologically (their voices are heard).

9.1M-121M mins read from 2022 to 2024. Students using 30+ minutes/week are growing an additional 16.7 weeks

Everett Public Schools had a 62% graduation rate, and using Panorama Student Success increased the graduation rate to 95.9%.

The Vineland is an assessment that measures the skills an individual engages in that allow the individual to function independently in everyday life. The ABC score is based on scores for three specific adaptive behavior domains: Communication, Daily Living Skills, and Socialization.

Kyron scales instructor impact by making expertise available during instructor off-hours.

Zeera concluded an Institutional Review Board (IRB) study investigating the effects of the platform on members. The primary objective of the study was to assess changes in depression symptoms, loneliness, perceived stress, and resilience. Outcomes demonstrated that after 60 days: Zeera decreases depression by 35%, decreases stress by 27%, reduces loneliness by 12%, and increases resilience by 17%. Read more here.

Workera’s hyper-personalized learning plans deliver development opportunities at scale with seamless integration across an enterprise’s content stack including proprietary, free, and paid resources. Focusing on the precise skill areas that will most move the needle to improve someone’s ability in a particular domain, along with concise pieces of learning material, resulting in a significantly shorter time to upskill with increased employee engagement.

Findings are statistically significant across different racial groups, and outperform one-on-one therapy, traditional group therapy, and meditation apps.

HonorPrep is Honorlock’s research-backed student onboarding tool designed to address the top three student test anxiety drivers: technology concerns, the proctor’s role, and misconceptions about AI.

This study meets federal criteria for Tier II efficacy evidence.
Effects were consistent regardless of student race, sex, or language.

2024 Owl Ventures | Education Outcomes Report

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Transcript

Abl revolutionizes school scheduling and operations, empowering districts to remove barriers to post-secondary success through software and strategic services.

K-12 leaders lack visibility into students' readiness and effective levers to improve student opportunities and outcomes.

Abl empowers K-12 leaders with actionable analytics, intelligent scheduling, resource optimization, and strategic guidance to improve student and school performance.

Amira is an intelligent and accurate AI-powered reading assistant that listens to and supports students as they read aloud.

Reading is one of life’s most important skills. Yet, there is a global literacy crisis, exacerbated by the pandemic.

Amira’s reading assistant provides students with productive reading practice and teachers with data and instructional recommendations.

AnswersNow is an Autism ABA therapy and parent training platform. Families and clinicians are matched based on specific needs, goals, and schedules.

Traditional autism therapy models often struggle with low client engagement, lengthy wait times, and limited access and clinical efficacy.

AnswersNow’s BCBA-centric care model and proprietary digital platform enhances patient access and delivers effective, direct therapy.

Authentica Solutions empowers education institutions with actionable intelligence to deliver equitable quality education to all learners.

Educational institutions and partners struggle with fragmented data systems and managing data efficiently for actionable insights.

BetterLesson connects K-12 educators with professional learning solutions centered on student outcomes through differentiated learning experiences and researched-backed pedagogy.

Traditional K-12 educators' professional development is often fragmented and theoretical, hindering successful implementation of high-quality instruction and student-centered learning.

BetterLesson provides comprehensive and personalized high-quality professional development to sustainably improve student outcomes and educator success.

Brisk Teaching is an AI-powered Chrome extension that helps teachers automate their workload.

Teacher burnout and shortages are an existential threat to schools.

Brisk automates workload to save time on feedback, content development, assessment, and differentiation, lightening teacher workload and giving them time for themselves and their students.

Coala is the first school-focused digital health ecosystem in Latin America.

Students are facing a crisis in physical and mental health.

Coala bridges care gaps with empathetic, evidence-based support for the entire school community, including medical care for students and training for schools.

Derivita is a next-generation courseware and assessment platform that aims to revolutionize math teaching and learning.

Math test scores in the US have dropped sharply since 2020.

Derivita is an all-in-one, easy-to-use platform that connects curricula, courseware, and assessment to improve student math outcomes and college and career readiness.

Ethiqly is a shared digital writing platform that enhances writing instruction with personalized feedback, bolsters student engagement, and effectively supports teachers.

Schools are experiencing a problem of low writing proficiency, limited feedback access, and grading disparities in writing instruction.

Ethiqly provides a comprehensive writing companion, facilitating personalized feedback to empower teachers and inspire students.

Fiveable helps every student feel confident and prepared for their next test.

Students are overwhelmed by how much content they must study.

Fiveable simplifies what students must know with organized, easy-to-read study guides.

Futre is a technology platform helping young people to launch fulfilling lives by guiding them to discover, plan, and act.

Most 15-25-year-olds do not have access to career counseling and are not on a pathway to a lifetime of skilled work.

Futre’s research-based approach helps young people understand themselves and their options through a personalized career journey. It empowers educators and institutions with real-time data, to support informed discussions for continuous improvements and better outcomes.

Genially is a tool for creating interactive, and animated content and incredible communication experiences easily and quickly in corporate and educational contexts.

Interactive and engaging content that stimulates critical thinking and connects teachers with students is crucial to generate, yet difficult and expensive.

Genially offers an all-in-one solution with endless possibilities, making interactive content creation fun, simple, and accessible.

Greenlight is the leading family fintech company with an award-winning money and safety app that empowers parents to raise financially smart kids.

Parents need a better way to manage their kids' money and teach them about it.

Greenlight provides a suite of financial services across earning, saving, spending, and investing with best-in-class financial education for families.

Of the numerous bank accounts, debit cards and financial apps geared toward under 18 year-olds, Greenlight is Buy Side from WSJ's top pick for kids and teens thanks to robust safety and educational features that grow with your child and family.

Hazel Health is the largest and most trusted provider of school-based telehealth services in the United States.

The lack of equal access to pediatric healthcare significantly contributes to disparities in educational outcomes.

Hazel Health transforms schools into an accessible front door to pediatric healthcare so all students have the opportunity to thrive.

Ignite Reading delivers one-to-one virtual tutoring that teaches students the foundational reading skills they need to become confident, fluent readers.

67% of 4th graders are not proficient readers. The root cause is foundational reading skills— which require differentiated instruction.

Ignite Reading’s one-to-one foundational reading skills tutoring gives students differentiated instruction needed to become fluent readers.

Kiddom offers curriculum development, assessment resources, integrated communication tools, and intelligence reports in a cohesive learning platform.

Schools and districts use countless point solutions to create, approach, and track progress toward their goals.

Kiddom addresses each school’s curriculum, instruction, communication, and assessment needs in any learning model, enabling it through one platform.

Lele Academy began in 2014, providing equal access to quality education resources for Pre K-12 students in China via an online platform.

There is significant inequality in China's education system, with a highly imbalanced distribution of educational resources.

By using data-driven, structured, and high-quality content, we ensure that children have equal access to better educational resources.

Letrus is an educational program dedicated to improving literacy and language development.

Students have low engagement and low performance in reading and writing tasks.

Letrus offers a program for schools that use AI and language knowledge to improve students' reading and writing skills.

LingoAce is a multi-subject online tutoring provider offering Chinese Mandarin, English, math, and music courses worldwide to children aged 3-15.

Young learners have limited access to high-quality supplemental education with professional tutors and authentic, interactive curriculum.

LingoAce harnesses research-backed human-led digital content to deliver high-quality, authentic learning experiences.

Linus is bringing standardized test prep into the 21st century.

Standardized test prep is outdated, requiring scheduled tutors, physical books, and excessive upfront costs with no score improvement guarantee.

Linus, a fully digital test prep solution, incorporates best-in-class engagement features from gaming and personalized AI tutoring.

Maximal Learning offers personalized AI coaching to help students obtain the skills needed to succeed at school, work, and life.

The fundamental skills of executive function, collaboration, and communication are not explicitly taught or credentialed by schools.

Student-centric tools supported by AI to help students develop skills fundamental to become better learners in work and life.

Newsela’s learning science-aligned solutions help teachers engage every learner – from building knowledge and skills to supporting daily instruction and assessment.

Learning suffers when students practice skills in a fashion disconnected from the curriculum and their lived experience.

Newsela ELA helps educators teach skill-building strategies in the context of curriculum-relevant texts and build students’ foundational knowledge.

Novakid is an online English school for children that offers one-to-one lessons and group speaking practice with highly qualified teachers.

Learning English as a second language can be challenging without individualized support and engaging materials to keep students motivated.

Novakid offers gamified, personalized learning paths to engage young learners and rapidly improve their English language proficiency.

Panorama Education helps educators collect, analyze, and act on data to improve student outcomes.

Districts face difficulty delivering timely and effective student support because of rising student needs, declining academic performance, and fragmented data.

Panorama brings academic, behavior, attendance, and life-skills data into one platform, with tools for delivering and progress monitoring interventions.

Rebel Girls is a leading global empowerment brand inspiring confidence in the next generation of girls through storytelling, content, and experiences.

Girls' confidence has dropped from 68% to 55% in the last eight years, with the largest decline in 5th and 6th grades.

Through girl-driven storytelling Rebel Girls inspires confidence, empowers action, and creates community.

SplashLearn creates engaging learning experiences to improve children’s attitude toward learning and enhance learning outcomes.

Children lose their curiosity and enthusiasm to learn subjects like math and English at a very early stage.