August 5, 2021 7:00 AM
GoGuardian—K-12 EdTech SaaS Leader—Announces $200 Million Strategic Investment From Tiger Global Management
Investment Values GoGuardian at Well Over $1 Billion, Providing Growth Capital to Create More Effective and Engaging Digital Learning Experiences
LOS ANGELES--(BUSINESS WIRE)--GoGuardian, the EdTech leader helping K-12 schools and teachers maximize the learning potential of every student, today announced a $200 million strategic investment from Tiger Global Management. With this raise valuing GoGuardian at well over $1 billion, the company is primed to accelerate its mission to create more productive, effective, and safe digital learning experiences for schools worldwide.
“We are excited to partner with GoGuardian, with its industry-leading product offering and best-in-class growth at scale, margins and retention characteristics, as the company cements its position as a true end-to-end SaaS platform for K-12 schools.”
Founded in 2014 as digital devices were becoming an integral element of the student experience, GoGuardian is rooted in the belief that education is the single highest point of leverage for improving society. GoGuardian’s portfolio has grown to include award-winning and widely adopted digital learning solutions for classroom management, engagement, assessment, and student safety.
The rise in digital learning and demand for effective, flexible learning tools to support in-class, remote and hybrid instruction is driving unprecedented growth for GoGuardian. In the past year alone, GoGuardian’s customer base grew 60% to over 10,000 schools, including 23 of the top 25 largest U.S. districts. Over 22 million K-12 students in the U.S. — one in three — now benefit from GoGuardian technology as part of their learning journey.
“Since the early days of GoGuardian, we knew there was an incredible potential to help shape how technology integrates into the educational experience and supports the invaluable work of teachers, schools, and districts,” said Advait Shinde, co-founder and CEO, GoGuardian. “The success we’ve had to date fuels us to pursue our mission with more energy and ambition than ever before, and Tiger Global’s investment significantly expands our future impact in creating empowered and inspired learners. We are grateful for their partnership and excited for the work ahead.”
Building the Future of Digital Education
GoGuardian is poised to meaningfully advance educational outcomes across the world through a growing platform of solutions that empower students, deliver insights, encourage experimentation, and reduce inequity. The investment from Tiger Global will support this growth with additional capitalization for product innovation, talent acquisition, and business development.
“We are impressed by Advait and the team and the consistently positive feedback provided by GoGuardian’s customers during our diligence process,” said John Curtius, Partner at Tiger Global. “We are excited to partner with GoGuardian, with its industry-leading product offering and best-in-class growth at scale, margins and retention characteristics, as the company cements its position as a true end-to-end SaaS platform for K-12 schools.”
GoGuardian has throughout its history scaled and invested significantly to meet the dynamic needs of districts, teachers, and students, expanding its employee base 60% over the past year and aiming to reach 1,000 employees in 2023. Notable milestones in the last year include the acquisitions of Pear Deck and Edulastic as well as the recent appointment of former Qualtrics and Microsoft executive Julie Larson-Green to the company’s board of directors.
Tiger Global’s investment gives it a significant stake in GoGuardian through close partnership with Sumeru Equity Partners (Sumeru), which has backed the company since 2018.
“GoGuardian reimagined the potential of digital learning and educational equity through an innovative, school-centric approach that has positively impacted millions of students,” said Sanjeet Mitra, Sumeru Co-Founder & Managing Director. “GoGuardian is just getting started on its mission to support all students in achieving their fullest potential. Sumeru congratulates the team on this amazing milestone and is excited to partner with Tiger Global to propel this mission forward.”
J.P. Morgan served as exclusive placement agent to GoGuardian on the investment. Gibson, Dunn & Crutcher LLP represented GoGuardian as legal counsel.
GoGuardian is on a mission to supercharge human potential by creating the ultimate learning platform. Through our GoGuardian Suite of classroom management and student safety solutions, Pear Deck student engagement platform, and Edulastic technology-enhanced student assessments, we help thousands of K-12 schools and districts maximize the learning potential of every student by enabling more productive, effective, and safer digital learning. Learn more at goguardian.com.