How much funding has Formative raised?

Formative has raised $76.6M in total funding, most recently a Series A round.

Who are Formative's investors?

Formative's investors include Summit Partners, Fika Ventures, MaC Venture Capital, Emerson Collective.

Where is Formative headquartered?

Formative is headquartered in Los Angeles, California, United States.

What industry is Formative in?

Formative operates in SaaS, Education.

How many employees does Formative have?

Formative has 51-200 employees.

Formative

The only AI-first platform for instruction, assessment, and real-time insights

Los Angeles, United States · Founded 2013 · $76.6M raised

SaaS

Education

YC IK12

Headquarters: Los Angeles, California
Employees: 51–200
Founded: 2013
Business Model: B2B

Website: formative.com
Total Funding: $76.6M
Last Round: $70.0M Series AJun 2021
Rounds: 2

About

Formative is an AI-powered instructional and assessment platform built for K-12 educators. Founded in 2013 by Craig Jones and Kevin McFarland at UCLA, it enables teachers to create interactive lessons, assign real-time assessments, and monitor student responses instantly on a single platform. The platform supports 25M+ students across 90%+ of U.S. school districts, offering features such as Luna AI-enabled content creation, auto-grading, standards alignment, and real-time analytics. Formative integrates with Google Classroom, Clever, ClassLink, and other major LMS/SIS platforms. It complies with FERPA and COPPA privacy standards. Formative was acquired by Newsela in June 2023.

Summary

Formative is a SaaS company based in Los Angeles, United States, founded in 2013. It has raised $76.6M in total across 2 rounds, most recently a $70.0M Series A round in Jun 2021. Investors include Summit Partners, Fika Ventures and MaC Venture Capital.