BetterLesson Raises $10M to Transform Teacher Professional Development at Scale
- NewMarketsVP
- Nov 29, 2017
- 1 min read
Updated: Nov 20, 2024
BetterLesson, the leader in delivering personalized professional development, today announced that it has raised $10 million in Series B funding to bring transformative instructional coaching to teachers across the country. This funding will allow the company to scale its flagship virtual coaching program for K-12 teachers at a critical time, as classrooms are adapting to an evolving educational and economic landscape.
The funding round was led by Owl Ventures, a venture capital fund that invests in the world’s leading education technology companies. Owl takes a hands-on approach in helping entrepreneurs scale their businesses into transformative category-leading companies. Tory Patterson, Owl Venture’s co-founder and Managing Partner, believes BetterLesson is that transformational company for teacher professional development (PD).
“The U.S. spends billions each year on PD that fails our teachers and students,” said Patterson. “The research is very clear – 1:1 teacher coaching is the best way to improve teacher practice. BetterLesson delivers the highest-quality 1:1 instructional coaching in the country. They have built the platform that can flexibly scale world-class coaches to meet the urgent needs of teachers, schools, and districts.” Patterson will join the BetterLesson Board of Directors.
Other funders investing in this round include existing investors Michael and Susan Dell Foundation, New Markets Venture Partners and Reach Capital, an education focused venture capital fund, whose General Partner Jennifer Carolan will retain her seat on the BetterLesson Board of Directors.