DreamBox Learning’s $130 Million Investment from The Rise Fund


Wilson Sonsini Goodrich & Rosati is representing DreamBox in the transaction.


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.

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.

WSGR advised DreamBox in the transaction with a team including Patrick Schultheis (Picture), Jeana Kim, Amanda Pollard, Beth St. Clair, James Babikian, Phoebe Huang, Barbara Mery, Nathaniel Siegel (M&A), Amy Simmerman, Amelia Messa, Adrian Broderick, Ryan Greecher (Delaware Corporate), James Clessuras, Robert Parr, Allegra Sachs, Nicholas Lawson (Technology Transactions), Scott McCall, Michael Montfort, Jaqueline Tokuda, Joseph Cho (Employee Benefits and Compensation), Myra Sutanto Shen, Timothy Shapiro (Tax), Jamillia Ferris, Roisin Comerford (Antitrust), Jason Storck and Joseph Horne (Employment).

Involved fees earner: Patrick Schultheis – Wilson Sonsini Goodrich & Rosati; Jeana Kim – Wilson Sonsini Goodrich & Rosati; Amanda Pollard – Wilson Sonsini Goodrich & Rosati; Beth St. Clair – Wilson Sonsini Goodrich & Rosati; James Babikian – Wilson Sonsini Goodrich & Rosati; Phoebe Huang – Wilson Sonsini Goodrich & Rosati; Amy Simmerman – Wilson Sonsini Goodrich & Rosati; Amelia Messa – Wilson Sonsini Goodrich & Rosati; Adrian Broderick – Wilson Sonsini Goodrich & Rosati; Ryan Greecher – Wilson Sonsini Goodrich & Rosati; James Clessuras – Wilson Sonsini Goodrich & Rosati; Robert Parr – Wilson Sonsini Goodrich & Rosati; Allegra Sachs – Wilson Sonsini Goodrich & Rosati; Nicholas Lawson – Wilson Sonsini Goodrich & Rosati; Scott McCall – Wilson Sonsini Goodrich & Rosati; Michael Montfort – Wilson Sonsini Goodrich & Rosati; Jaqueline Tokuda – Wilson Sonsini Goodrich & Rosati; Joseph Cho – Wilson Sonsini Goodrich & Rosati; Jason Storck – Wilson Sonsini Goodrich & Rosati; Joseph Horne – Wilson Sonsini Goodrich & Rosati; Myra Sutanto Shen – Wilson Sonsini Goodrich & Rosati; Timothy Shapiro – Wilson Sonsini Goodrich & Rosati; Jamillia Ferris – Wilson Sonsini Goodrich & Rosati; Roisin Comerford – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: DreamBox Learning, Inc. ;