Wisconsin Rapids, Wis. - Renaissance Learning, a K12 assessment and learning analytics company with a presence in more than a third of U.S. schools, announced a minority investment from Google Capital at a company valuation of $1 billion. Google Capital was formed in 2013, and its investments to date include Survey Monkey and Lending Club. This marks Google Capital’s first investment in education.
The investment follows the October 2011 acquisition of Renaissance by funds advised by the private equity firm Permira and makes Google a minority owner of the company. A representative of Google Capital will join Renaissance Learning’s board of directors and become the company’s second new board member in the last two months. Bruce Chizen, former Adobe CEO and current Oracle board member, joined the Renaissance board in December 2013.
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