(BROOKLYN, NY – May 23, 2023) Amplify, a publisher of next-generation curriculum and assessment programs, announced today it has raised a Series C funding round led by Cox Enterprises, a family-owned, Atlanta-based company committed to connectivity, mobility, and sustainable innovation. Cox joins Amplify’s current investors, including Emerson Collective, Learn Capital, and A-Street Ventures.
The funding will support Amplify in continuing to expand the breadth and depth of its K-12 product portfolio, which distinctly combines high-quality, evidence-based instruction with digital-forward delivery to help teachers celebrate and extend their students’ thinking, knowledge, and skills. Already a market leader in literacy and science, Amplify is launching a suite of math programs that will reshape mathematics education by bringing together the leading open-source curriculum (IM K-12 Math™ authored by Illustrative Mathematics®) with the most-beloved teaching and learning platform in math education, Desmos Classroom. The goal is to help every student learn – and learn to love – mathematics.
“Amplify has experienced significant growth and is now proud to serve close to a third of U.S. K-8 students today with programs that uniquely blend the best K-12 content and pedagogy with digital tools that help teachers reach all students and drive measurable academic gains,” said Larry Berger, chief executive officer of Amplify. “This investment will help us grow while ensuring that we elevate K-12 instruction and have as much impact as we can.”
Amplify currently delivers its products and services to over half a million teachers in the United States. Its existing core programs have earned all-green scores on EdReports, a third-party curriculum evaluation site. Amplify’s digital supplemental program, Boost Reading, continues to help schools drive gains in early reading, as does its gold-standard early reading assessment, mCLASS®. By meeting the demand for evidence-based, digital-forward programs, Amplify’s bookings have grown at over a 50 percent compound annual growth rate over the last five years (2017-2022). Amplify also continues to see measurable gains in student achievement when districts and schools implement its programs with some measure of fidelity, e.g., recent studies on Amplify Science, Boost Reading, and Desmos Math 6-8.
“At Cox, we are committed to investing in companies that will reshape their industries over the next generation, bringing positive impact to communities across the country and around the world,” said Mark Lewis, vice president of strategy and investments at Cox Enterprises. “We are excited to help Amplify continue to scale its product offerings and footprint.”
About Amplify
A pioneer in K–12 education since 2000, Amplify is leading the way in next-generation curriculum and assessment. Our captivating core and supplemental programs in literacy, math, and science engage all students in rigorous learning and inspire them to think deeply, creatively, and for themselves. Our formative assessment products turn data into practical instructional support to help all students build a strong foundation in early reading and math. All of our programs provide teachers with powerful tools that help them understand and respond to the needs of every student. Today, Amplify reaches more than 10 million students in all 50 states. To learn more, visit https://amplify.com.
About Cox Enterprises
Cox Enterprises is dedicated to empowering people to build a better future for the next generation. Cox is a leader in the broadband, automotive and media industries, while strategically investing in emerging technologies driving the future of cleantech, health care, and public sector services. Its major operating subsidiaries are Cox Communications and Cox Automotive, which includes brands like Autotrader and Kelley Blue Book. Headquartered in Atlanta, Georgia, Cox is a global company with a proud 125-year history. To learn more about Cox and its commitment to its people, planet and communities, visit coxenterprises.com.
Media contact:
Kristine Frech
Vice President, Corporate Communications
kfrech@amplify.com
