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November 10, 2021

DreamBox Learning

Evergreen Coast Capital signed an agreement to acquire a majority stake in DreamBox Learning, a Bellevue-based education technology provider that promotes intelligent adaptive learning. TPG's The Rise Fund will retain a significant minority stake and continue to be represented on the company's board of directors. The deal follows a record year for DreamBox, on target for over $100 million in revenue and nearly 40% growth as K-12 schools accelerate blended learning solutions. DreamBox also expanded its leadership team this year and acquired two companies in the English language arts market. The investment comes on the heels of The Rise Fund's recent acquisition of Teachers of Tomorrow, which adds to an education portfolio that includes EverFi, InStride and Renaissance Learning.




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