Fenwick & West represented AltSchool, PBC, a company reimagining K-8 education from the ground up with a mission to enable all children to reach their full potential through a world-class team of educators, operators and technologists is building a network of micro-schools that offer personalized, child-centered learning experiences, in a $100 million financing. The round was led by Founders Fund and Andreessen Horowitz along with Mark Zuckerberg and Priscilla Chan's donor-advised fund at Silicon Valley Community Foundation. Additional investments came from Emerson Collective, First Round Capital, Learn Capital, John Doerr, Harrison Metal, Jonathan Sackler, Omidyar Network and Adrian Aoun. This round also includes a new debt facility to fund school expansion.
The new funding will help the company further its vision to reinvent U.S. education from the ground up. More information about AltSchools’ $100 Million financing can be obtained from the company announcement.
The Fenwick transaction team was led by corporate partner Ted Wang and corporate associates Dawn Belt and Patrick Grilli.