DreamBox Learning Secures $130 Million Investment from The Rise Fund

On July 31, 2018, DreamBox Learning, an online software provider that focuses on mathematics education at the elementary and middle school level, and The Rise Fund, a global impact investing fund managed by TPG Growth, announced that they have signed an agreement under which The Rise Fund will invest $130 million in DreamBox. Wilson Sonsini Goodrich & Rosati is representing DreamBox in the transaction.

According to a press release, the transaction is The Rise Fund's largest education investment to date, and it will continue to cement the fund's role as a leading global education investor. In addition, the investment will enable DreamBox to further accelerate growth and innovation, serving more educators and students as it continues down the path of being a powerful partner in every classroom, school, and district.

DreamBox is used by nearly 3 million students and 120,000 teachers in every state in the U.S., including in Washington, D.C., and throughout Canada. The company has also recently expanded into Mexico with a Spanish-language version of the platform.

The WSGR team representing DreamBox in the transaction includes:

Corporate:
Patrick Schultheis
Jeana Kim
Amanda Pollard
Beth St. Clair
James Babikian
Phoebe Huang
Barbara Mery
Nathaniel Siegel

Delaware Corporate:
Amy Simmerman
Amelia Messa
Adrian Broderick
Ryan Greecher

Technology Transactions:
James Clessuras
Robert Parr
Allegra Sachs
Nicholas Lawson

Employee Benefits and Compensation:
Scott McCall
Michael Montfort
Jaqueline Tokuda
Joseph Cho

Tax:
Myra Sutanto Shen
Timothy Shapiro

Antitrust:
Jamillia Ferris
Roisin Comerford

Employment Litigation:
Jason Storck
Joseph Horne

For additional information, please see the companies' joint press release.