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Kitchener-Waterloo-based Knowledgehook, which has developed an artificial intelligence-based EdTech platform aimed to improve math education in school districts, has raised a $20 million Series A round of financing.
“The pandemic has heightened the need for digital solutions that focus on building teacher capacity to deliver high-quality math instruction.”– Travis Ratnam
The lead investor in the round was not disclosed. However, Knowledgehook said in a statement the lead was a London-based EdTech investment fund. Other participants in the Series A round included Mesoamerica’s Alexandria Corp., Nelson Education, Ideal Ventures, and Nicoya Ventures.
The investment comes at a time of high activity in the EdTech sector, as many technology startups are looking to gain prominence in a hybrid era of remote and in-person learning during the COVID-19 pandemic.
“Now more than ever, we know that teachers and parents both play an essential role in helping children learn,” said Knowledgehook CEO and co-founder Travis Ratnam. “The pandemic has heightened the need for digital solutions that focus on building teacher capacity to deliver high-quality math instruction both in classrooms and in remote learning environments. Knowledgehook, designed to empower educators, is this next generation of EdTech.”
Knowledgehook’s technology uses data to track where each …
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