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 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 Wilson Sonsini team representing DreamBox in the transaction includes:

Corporate:
Patrick Schultheis
Jeana Kim
Amanda Pollard
James Babikian

Delaware Corporate:
Amy Simmerman
Adrian Broderick
Ryan Greecher

Technology Transactions:
James Clessuras
Robert Parr
Allegra Sachs

Employee Benefits and Compensation:
Scott McCall
Michael Montfort
Jaqueline Tokuda

Tax:
Myra Sutanto Shen

Employment Litigation:
Jason Storck

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