Formative provides K-12 teachers a platform to create assessments from scratch or provision assignments from other digital sources, assess student work in real time, adjust instruction, and use progressive assignments to track learning. The product emphasizes formative evaluation over summative, test-based approaches and digitizes assessments to enable scalable data collation, visualization and analytics. Formative integrates with learning materials and learning management systems and makes digitized versions of popular curriculum content available as assignments. The company plans to build more analytical tools for teachers, administrators, parents and students, expand into more international markets (it is currently most active in English-speaking countries), and develop technology to evaluate curriculum rigor and effectiveness. Formative says its platform is in 92% of U.S. school districts (at least one teacher signed up) and that over four million students have engaged with its assignments. The company reports annual recurring revenue growth of around 700% and previously ran a Covid-19 Assistance Program that provided free access to about 5,000 teachers and schools.

Total raised

$70M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2021