What is ThinkCERCA?
Founded in 2012 and headquartered in Chicago, Illinois, ThinkCERCA provides comprehensive literacy courseware designed for students from elementary through high school. The platform aims to equip educators with tools to foster critical thinking and reading comprehension skills, addressing a crucial need in the K-12 education sector. By offering a structured curriculum and digital resources, ThinkCERCA supports the development of essential literacy competencies necessary for academic success and future readiness. The company's focus on evidence-based literacy instruction positions it as a key player in the evolving landscape of educational technology solutions.
How much funding has ThinkCERCA raised?
ThinkCERCA has raised a total of $26.6M across 7 funding rounds:
Angel/Seed
$1.5M
Series A
$3.2M
Debt
$3M
Private Equity
$7.5M
Series B
$10.1M
Debt
$350K
Debt
$968K
Angel/Seed (2014): $1.5M with participation from Abundant Ventures LLC
Series A (2015): $3.2M led by Math Venture Partners, Jason Henrichs, Great Oaks Venture Capital, Amicus Capital Partners, Chuck Templeton, and Follett Knowledge Fund
Debt (2016): $3M, investors not publicly disclosed
Private Equity (2017): $7.5M, investors not publicly disclosed
Series B (2017): $10.1M backed by Plum Alley and TAL Education Group
Debt (2020): $350K with participation from PPP
Debt (2021): $968K led by PPP
Key Investors in ThinkCERCA
Abundant Ventures LLC
Abundant Ventures LLC is an investment firm that provides financing and business development solutions, specializing in areas like construction, healthcare, and technology. They aim to foster growth through asset-based financing, business plan consulting, and strategic partnerships, offering services such as commercial lending and venture capital.
Plum Alley
Plum Alley Ventures is a venture firm focused on investing in breakthrough technologies that aim to improve the world. They provide access to vetted investment opportunities for diverse investors and support exceptional founders, having invested in 36 companies through their venture fund.
TAL Education Group
TAL Education Group is a leading education technology company offering smart learning solutions for K-12, STEAM, English learning, and science education. They provide online and offline tutoring, intelligent learning hardware, and AI-driven educational software, with a mission to empower lifelong growth through love and technology.
What's next for ThinkCERCA?
With a history of consistent capital infusion, including significant debt financing and equity rounds like Series A and Series B, ThinkCERCA is well-positioned for continued expansion and product development. The recent strategic investment, coupled with its total funding of $26.6M, suggests a focus on scaling operations, enhancing its technological infrastructure, and potentially broadening its market reach. Future endeavors may involve further integration of AI-driven learning tools and expanding its courseware offerings to meet the diverse needs of educational institutions. The company's strategic backing indicates a clear path toward solidifying its market leadership in literacy education.
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