Newsela is an Educational technology firm that transforms novel and genuine information from reliable sources into educational resources.
Newsela is an internet-based site that provides teachers with educational materials. The platform provides educational tools for teachers to encourage engagement among students.
Newsela provides answers for learners and educators in science, math, social studies fundamentals, and other subjects.
Additionally, Newsela provides studies, seminars, resources for distance education, and much more.
Its headquarters are in New York, New York, and the company was established in 2013.
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About Newsela-
Newsela is the provider of a digital education system intended to provide everyday news via the internet and electronically customized for students.
Newsela’s platform offers online resources from different places in five categories of difficulty, allowing learners with different levels to improve their analytical skills and real-life proficiency without any difficulties.
Newsela opens up the medium of journalism by disseminating everyday headlines via publications like the Associated Press, Washington Post, tribune news service, and others as well.
Newsela Integrated assessments to monitor learners’ literacy progress and adhere to Common Core standard knowledge. The company provides Statistics that are tailored to both educators and pupils and give data on their comprehension skills.
Newsela has won the Gates Foundation Literacy Courseware Challenge. Following Newsela’s introduction in June 2012, more than 4,000 institutions have signed up from more than 50 regions and 52 nations.
The company’s primary office is 500 5th Avenue, 28th Floor, New York, NY 10110, United States.
Newsela Overview:
| Name of the company | Newsela |
| Founded year of the company | 2013 |
| Founders of the company | Matthew Gross and Dan Cogan-drew |
| Competitors of the company | Byju’s, Simplilearn, blackboard, Coursera |
| Website of the company | newsela.com |
| Country of origin | New york city, united states |
| Investors of the company | 37 investors |
| Valuation of the company | One billion dollars as on February 26, 2021 |
Newsela Name and Logo-
Newsela Founders-
Newsela has two founders; they are Matthew Gross and Dan Cogan-drew.
Matthew Gross –
Matthew Gross is the founder and executive chair of newsela; before that, he was the CEO of the company from 2012 to 2023.
Matthew completed his studies at the NYU stern school of Business and BA 94 Columbia University, where he studied BS in music from 1990 to 1994.
Matthew worked as a president at Submedian, as an associate director of major gifts at NYU stern school of Business, As a VP of planning and resource development at PENCIL, and as an executive director at the Regent’s Research Fund.
Other than this, he worked as a corps member at Teach for America from 994 to 1995.
Dan Cogan-Drew-
Dan Cogan-drew is the co-founder and the chief academic officer of newsela.
He completed his education at Wesleyan University, where he studied BA in Spanish and English from 1989 to 1993; after that, he went to brown university, where he further studied for MA in English from 1996 to 1998.
Lastly, he went to tufts university, where he completed his master’s in educational studies from 2003 to 2005.
Dan worked for several companies, including HS Spanish and English teacher at Teach for America, as an instructor at the united states navy, as an HS English teacher at Chase collegiate school, as a content producer at fact city INC., and as a consultant at concord consortium.
Dan also worked as a director at Tufts University, as director of digital learning at achievement first public charter schools, and on the board of directors at ulysses grant foundation.
Newsela Products-
The company provides various products to its learners and teachers. They are –
- Newsela ELA
- Newsela social studies
- Newsela science
- Newsela SEL
- Newsela custom collections
- Newsela essentials
Newsela Competitors:-
Coursera –
Coursera is a free e-learning network. It collaborates with international colleges and organizations to provide learners with distance learning programs. Following the conclusion of the course, it provides an acknowledgment of achievement as well as a validated certification.
Additionally, it offers “Mastery Learning,” through which users receive criticism regarding a topic that they were unable to fully understand.
It offers project reviews by others. Coursera is available On both the operating systems Android and iOS, and it is accessible as a smartphone application.
The company was founded in 2012 in mountain view in the united states.
Coursera has raised a total funding of 443 million dollars till now.
Byju’s –
Byju’s is an application-based service that offers learners diversified possibilities for learning. It provides tutoring to learners taking school-curriculum-based programs as well as competitive admission tests like IIT-JEE, CAT, UPSC, GMAT, GRE, engineering, or medical. Additionally, it provides tablet and internet-based classes that include multiple-choice questions, comprehensive evaluations, and personalized advice.
Additionally, it offers electronic textbooks and instructional resources. Byju is available on Mobile phones and tablets with Android or iOS.
The company was founded in 2011 and has raised a total funding of 5.78 billion dollars.
Simplilearn –
SimpleLearn is a smartphone app that offers expert certification programs. It offered advice on organizing projects in addition to details on professional accreditation and education.
It provides additional programs throughout areas as well as distance learning, hybrid training in classrooms, and examination preparation assessments for a variety of assessment types, such as ones for management of IT services, information technology management, financial management, quality management, and more. Project management, information security, the Internet of Things, digital marketing, and other topics are covered in a number of its programs.
The company offers a smartphone application for both iOS and Android
Simplilearn was founded in 2010 in San Francisco in the united states and has raised a total funding of 80.3 million dollars.
Blackboard –
Blackboard is a business that creates educational and instructional technology for businesses and educational institutions. it gives educational institutions, businesses, and governmental bodies access to LMS systems.
Blackboard enables organizations in educational institutions, K–12, competent businesses, and the government to take courses of study via the Internet and to enhance campuses’ commercialization and safety.
Newsela Investors:-
Newsela has a total of 37 investors, out of which the company has raised 173 million dollars over 8 rounds of funding.
Some of the prominent investors of the company are –
Tcv –
TCV was founded in 1995 and is a significant source of finance for numerous phases of technological startups. Over the previous 27 years, TCV made investments of in excess of seventeen billion dollars into over three hundred technology-related businesses.
TCV has locations in New York and London in addition to its headquarters in Menlo Park, California.
Kleiner Perkins –
Kleiner Perkins has made investments of a total of ten billion dollars in numerous businesses, particularly leading competitors like Amazon, Genentech, and Google, across 20 venture capitalists and four investment funds for growth.
Kleiner Perkins has also made investments in businesses such as Desktop Metal, IronNet, Ring, Spotify, Slack, and UiPath.
Faqs About Newsela:
When was the company newsela founded?
The company was founded in 2013.
Where was the company newsela founded?
The company newsela was founded in new york in the united states.
How much total funding has the company newsela raised?
The company newsela has raised a total funding of 173 million dollars.
When was the most recent funding round of newsela?
The most recent funding round of the company newsela was 100 million dollars as of February 25, 2021.
What is the company valuation of newsela?
The company valuation of newsela is 1 billion dollars.
How many institutional investors does the company newsela has?
Newsela has 22 institutional investors, including TCV, Techstars, and more.
How many angel investors does newsela have?
The company newsela has 15 angel investors.
Who are the co-founders of newsela?
The co-founders of the company newsela are Matthew Gross and Dan Cogan-Drew.
Is the company newsela an unicorn?
Yes, the company newsela is an unicorn.
Who is the chief revenue officer of the company newsela?
The chief revenue officer of the company newsela is Matt kane.
Conclusion
Newsela launched in 2013 and is a firm that supplies educational institutions with internet-based news material.
Newsela is a learning software startup that provides weekly headlines obtained from global and local media outlets.
It provides an infrastructure for educational materials that blend interesting, graded information with built-in preliminary assessments and conclusions to boost pupil involvement and comprehension across every field of study.
Newsela has approximately thirty-seven million learners enrolled and 2.5 million certified educators in 90% of the total schools in the United States, and the company has been successful in its approach to eliminating heritage resources like schoolbooks.
Newsela provides its readers with a collection of over 15,000 articles derived from headlines along with additional resources.
The business claims that its written material, which includes social studies, English-language arts, science, and emotional and social learning, will now incorporate Formative evaluations and information processing.
