Hero K12 Rounds Up $150 Million to Acquire Other Ed Tech Companies
Hero K12 wants to support the full journey of a student throughout school. Today, the Florida-based company revealed it has received $150 million in equity investment funding to acquire other education technology companies and to continue building a data-driven platform that helps foster a positive school culture.
Hero’s SaaS (software as a service) platform offers schools student behavior tracking and referral management. Teachers and administrators can use the platform to promote a positive school culture by reinforcing good behavior with rewards. They receive reports that enable them to intervene when necessary. If a student is late for class, for example, teachers will be able to scan the student's ID card to issue a digital tardy pass and notify the student's parents.
The company received more than $150 million from Boston-based BV Investment Partners to boost its acquisition capacity, according to a company announcement.
Chief Product and Strategy Officer Oliver Wreford commented in the statement that the company will zero-in on “educational technologies that collectively solve challenges schools face in adopting technology.” These solutions will also “streamline administrative processes, provide educators ready access to student data, and connect stakeholders within the school community,” said Wreford, who previously sat on the executive team for PowerSchool.
“They have demonstrated a tremendously healthy and scalable model for success with Hero, and they have clear plans for building an all-encompassing Ed Tech business,” said Justin Harrison, managing director of BV Investment Partners, in the statement. “Their portfolio strategy will broaden their service offering, focusing on the whole-child, and creating learning environments that allow all children to grow and succeed at school. We look forward to supporting them in Hero K12’s next phase of growth.”
To learn more, watch a video overview of Hero K12 on Vimeo or visit the company site.
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Sri Ravipati is Web producer for THE Journal and Campus Technology. She can be reached at [email protected].