Accelerate Learning

Accelerate Learning, founded in 2013, operates as a key player in the PreK-12 education technology market with a focus on STEM curriculum. The company originated from Rice University in 2011 with the launch of STEMscopes, a program developed by educators to provide a model for inquiry-based learning. This initiative was spun out to form Accelerate Learning Inc. in 2013, with the goal of expanding nationally. The company's founder is Reid Whitaker. The firm's business model is centered on providing digital-first, subscription-based curriculum and professional development solutions to the K-12 education sector. Its revenue is generated through these subscriptions, which cater to schools and districts. The company's core offering, STEMscopes, provides a comprehensive suite of digital resources, supplemental print materials, and hands-on exploration kits designed to align with state and national standards. This platform supports teachers with embedded professional development and lesson planning materials. Accelerate Learning's product portfolio has expanded significantly since its inception. Initially focused on science, it now includes solutions for math, engineering, and coding. Key offerings include STEMscopes Science, Math, Coding (powered by Bitsbox), DIVE-in Engineering, and Collaborate Science, a project-based curriculum developed with the University of Michigan. The company serves over 9 million students and 750,000 teachers. Strategic acquisitions have been central to its growth, including the 2021 purchase of Study Edge to enhance its math offerings with Math Nation, and the 2023 acquisition of Kide Science, a Finnish company specializing in play-based lessons for early learners. The company has secured significant investment to fuel its expansion. It has raised a total of $10 million over several funding rounds, with notable investors including Owl Ventures, The Carlyle Group, Quad Partners, and Rice Management Company. In February 2023, Providence Equity Partners made a strategic majority investment, joining the existing backers who retained minority stakes. This financial backing supports the company's strategy of pursuing both organic growth and further acquisitions. Keywords: EdTech, STEM curriculum, K-12 education, digital learning, science education, math curriculum, professional development, subscription model, inquiry-based learning, education software