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The Venture Codex

Charter School Growth Fund

350 Interlocken Boulevard Suite 390, Broomfield, CO, 80021, United States

Overview

Charter Management Organizations (CMOs) are essentially networks of schools. These schools are managed by a leadership team that provides shared academic, human capital, back-office, operational and financial services. Often launched from the base of a single successful charter school, CMOs combine the autonomy of local, school-based decisions with the ability to provide leveraged support and effective management across many schools. They seek to create a flexible, scalable and replicable model for delivering results to their students.

Total investments
8
Lead investments
4
Investments · 12mo
0
Active investors
2
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Investment portfolio

  • Reportwell

    Participated · Seed · Aug 2024

    Reportwell offers an online platform that centralizes and simplifies required regulatory compliance reporting for K-12 schools. The company launched in 2023 after being founded by former educators who were overwhelmed by regulatory filings. Reportwell built a basic version about 14 months ago and tested it with schools, school districts and state education departments. The startup participated in the Techstars Detroit accelerator and launched a commercial version last month. Early customers include New Orleans Public Schools, the state of Missouri and various U.S. school districts. The founding team includes CEO Jacob Allen and four co-founders; the company has six employees with two more expected to join, and it is exploring applicability in other regulated industries such as higher education, utilities and health care.

  • Kyron Learning

    Participated · Series A · Dec 2023

    Kyron Learning offers an interactive video platform that lets students respond to lessons by text or voice and uses conversational AI to select relevant pre-recorded teacher responses. The company, founded in 2022 by Rajen Sheth and Enis Konuk, builds on NLU-based dialog modeling and generative AI with proprietary technology and reports roughly 95% natural language processing accuracy. It currently provides fourth-grade math lessons (and Spanish lessons) and is offering the technology free to 35 pilot schools for the 2023–2024 school year. With new capital and a Gates Foundation grant, Kyron plans to build out K–12 math curriculum—adding third- and fifth-grade content—and further develop its generative AI capabilities to trigger AI-powered responses when students need extra help. The platform is being opened to organizations and learning solution providers, and the company already works with universities, tutoring companies, curriculum providers, and employee training programs. Kyron is preparing a self-service creator tool to let creators and organizations publish content on the platform early next year.

  • Clayful

    Participated · Equity · Nov 2023

    Clayful operates an on-demand, chat-based mental-health coaching platform that connects students ages eight to 18 with certified coaches within 60 seconds. Its service is free for students and paid for by school districts, and it supports 133 languages to increase accessibility. The founders, CEO Maria Barrera and Chief Experience Officer Melissa Pelochino, previously worked at Nearpod and co-founded Clayful two years ago; they bring more than 20 years of combined experience in edtech and education. The startup tested pilots in spring 2022 and now works with more than 50 schools, reaching thousands of students nationwide. Clayful reports that students who used its coaching chats had higher attendance rates (95% for students with chats versus 91% for students with zero chats). The company is fully remote with more than 100 staff members and says it will use the new funding to scale its team and reach more schools and students.

  • MagicSchool AI

    Participated · Seed · Aug 2023

    Founded in 2023 by former school leader Adeel Khan, MagicSchool integrates large-model capabilities into K-12 workflows to help teachers prepare lessons, create differentiated assignments, grade writing to state standards and provide student-facing tools like algebra tutoring and writing feedback. The platform supports integrations with common school systems such as Google Classroom, Canvas, Schoology and Microsoft, and offers a free tier, paid teacher subscriptions and enterprise deployments priced for schools and districts. MagicSchool has expanded into district use, counting partnerships with major systems including Denver Public Schools, Broward County and Hillsborough County, and reports that about one in five U.S. children attend schools partnered with the company. The startup launched MagicSchool Labs to enable natural-language queries and analysis of school data and continues to add managed student-facing tools for districts. As of the latest reporting the platform has roughly 8 million registered educators and has seen revenue grow about threefold year-over-year. The company plans to continue investing in product, engineering, school partnerships and product safety as it scales district deployments.

  • DreamBox Learning

    Led · Series A · Dec 2013

    DreamBox Learning provides a K-8 digital math platform built on its Intelligent Adaptive Learning technology that dynamically adapts and differentiates in real time based on students’ answers and problem‑solving approaches. The product includes actionable reporting, content‑specific professional development for teachers, and administrative insights to track student progress. Independent studies from CEPR at Harvard and SRI show DreamBox improves student achievement on NWEA MAP Growth, and it holds an Evidence Rating of “Strong” at EvidenceForESSA.org. A recent analysis of nearly 8,000 students found that completing five DreamBox lessons per week produced double the growth of peers on the Renaissance Star assessment. The platform is used by nearly 3 million students and 120,000 teachers across all 50 U.S. states and Canada, and the company has expanded into Mexico with a Spanish‑language version. DreamBox was founded in 2006 in Bellevue, Washington, and has won multiple industry awards, including EdTech Digest and a 2018 CODiE Award. DreamBox Learning offers an Intelligent Adaptive Learning platform combined with a rigorous K-8 mathematics curriculum and a motivating learning environment available on PC and iPad. The platform captures every student decision and, per the company, up to more than 50,000 data points per student per hour to tailor millions of individualized learning paths. DreamBox reports nearly 1.5 million active student users, more than 75,000 K-8 teachers, and delivering over 1 million math lessons daily, and it delivered more than 150 million math lessons in the 2014–15 school year. The company has consistently doubled student users year-over-year since 2011 and is in use in all 50 states and throughout Canada. Future plans described in the article include developing the next generation of the adaptive platform, accelerating product innovations to enrich the educator experience with real-time performance insights, expanding content (including middle school curriculum and Spanish-language content), enhancing engagement frameworks, and adding additional reporting capabilities for districts and states. DreamBox Learning provides an Intelligent Adaptive Learning platform that delivers personalized, game-like PreK-5 math instruction. The product includes more than 1,300 adaptive lessons and virtual manipulatives aligned with Common Core. DreamBox serves over 2 million lessons per week across all 50 U.S. states and Canada and processes over one billion student data points per day. The company plans to use the funds to invest in product development — including additional grade coverage and a middle-school intervention — and to scale sales, marketing, and district-level support. DreamBox emphasizes differentiated instruction and has won more than 30 industry awards. DreamBox Learning is an adaptive e-learning platform offering more than 500 online math lessons, puzzles, games and curricula targeted at kindergarten through fifth grade. The product continuously assesses each student’s mathematical understanding and delivers personalized hints, pacing and next-activity choices. It provides teachers with detailed views of student progress, summaries for each student, concept-level descriptions and alerts for struggling students. Since fall 2010 nearly 500,000 elementary students from all 50 states have used DreamBox to view more than 11 million lessons, and an independent SRI International study found a 5.5% test-score improvement after 16 weeks of use. Launched in 2008, the company plans to use new funding to expand its curriculum, fuel product development, and grow distribution and adoption. DreamBox Learning develops adaptive online educational games that assess student learning through engaging tasks, originally launching a math program for kindergarten through grade 2 and later extending to grade 3. Its learning engine adjusts difficulty based on a child’s progress and produces progress reports for parents and teachers. The company released DreamBox Learning K-2 Math in January 2009, followed by a classroom version in April 2009 and a K-3 Math product recently. DreamBox was founded in 2006 and has raised $7.1 million from angel investors to date. The new owners plan to inject an additional $10 million to accelerate expansion into U.S. schools and to develop new content across a variety of disciplines. Reed Hastings will serve as chairman, and two new board members are Kevin Hall and John Danner.

Team