Silicon Valley VCs invest $100 million in an elementary school
Posted on May 5, 2015
The startup elementary school intends to go nationwide soon
Differently from other schools, AltSchool takes the approach of a technology-driven curriculum to provide personalized education to each student. It also intends to share or license its individualized learning model with other educational institutions that may want to adopt its methodology.
The first school is located in California. The second school will open this year later in New York. The plan is to have eight schools serving 500 kids this year, with an annual tuition per- student of $ 21,000.
Technology investors have been spending much more money on education-related companies. According to data from CB Insights, spending on education startups increased 55% last year to reach a record peak of $1.87 billion.
S.Z
Image: Lela Nargi