LightSail Raises $11 Million Series B

NEW YORK — LightSail, the adaptive literacy solution for K-12 education, has raised $11 million in a Series B round of funding led by Scott Cook, the co-founder and Chairman of Intuit, with significant participation from the Bezos Family Foundation as well as new and existing investors.

LightSail has raised more than $23 million to date.

LightSail promotes the gain of reading skills by seamlessly embedding assessments into the books kids love to read and by using predictive algorithms to precisely match students to a customized library of ideal texts. The LightSail reading experience incorporates persuasive learning technologies designed to challenge students to read more texts in their “just right” zone, for longer durations and with greater comprehension. LightSail’s partner schools are already experiencing 2-5x growth over expected literacy gains among students reading as little as 25 minutes a day.

LightSail is the only K-12 literacy solution that:

  • offers nearly 5,000 texts from more than 60 publishers, complete with assessment questions embedded within every text;
  • measures literacy growth in real time and automatically adapts each student’s library to the reader’s precise reading level; and
  • provides real-time insights to students and educators on a variety of key metrics, including reading stamina, comprehension and reading level growth (measured in Lexiles).

LightSail is currently partnered with more than 500 schools and districts across the country including the New York City Department of Education, Los Angeles Unified School District, Boston Public Schools, Denver Public Schools, Evergreen Public Schools and many others.