Great Minds PBC®, the developer of widely used, highly regarded PK-12 curricula, announced that A-Street, an investment fund focused on seeding and scaling innovative student learning and achievement solutions, has invested $150 million into Great Minds, comprising $100 million of newly issued shares to accelerate expansion of the company’s offerings and $50 million to acquire a stake from the company’s majority stockholder, the nonprofit Great Minds organization. A-Street is now a minority stockholder of the company.
The investment will further spur the company’s growth and empower the public benefit corporation to expand its offerings and grow its investment in best-in-class digital experiences, which will be seamlessly embedded in the curricula. The company will also expand all of its existing instructional materials to be available through high school.
“Great Minds is filling an unmet need in schools across the country, providing educators and students with high-quality tools that advance academic growth and achievement. With innovative and proven solutions that already reach millions, Great Minds has an opportunity to soar to new heights and scale its impact by empowering educators and accelerating student learning. We are proud to join with Lynne, John, and the entire Great Minds’ team on this incredible journey to transform the future of K-12 learning,” said Marc Sternberg, Co-Founder and Managing Director of A-Street.
The company also announced former Louisiana State Superintendent of Education John White has joined the company as Chief Success Officer. White, who previously served on the Great Minds PBC Board of Directors, has been recognized for helping improve student achievement and raise graduation rates in Louisiana, strengthening the state’s early childhood system, modernizing curriculum, and improving teacher preparation.
In his new role, White will shape and oversee how customers experience Great Minds’ products and services, including professional development, implementation support, and a transformational digital experience to maximize teacher and student success. He will also work with state and district leaders on the need for high-quality instructional materials for all students. White will begin his new role in September.
“Students in the U.S. have never faced challenges greater than exist today. Every child needs and deserves access to a high-quality curriculum and every teacher should be provided with the materials, training, and resources to help unlock the greatness in every child. Great Minds is working to make that a reality and I’m excited to join in their mission,” said White.
Source: PR Newswire