Cox Enterprises Leads Series C Round in Amplify

BROOKLYN — Amplify, a publisher of next-generation curriculum and assessment programs, has raised a Series C funding round led by media and automotive company Cox Enterprises. Cox joins Amplify’s current investors, including Emerson Collective, Learn Capital, and A-Street Ventures. The amount raised was not disclosed.

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 says its bookings have grown at over a 50 percent compound annual growth rate over the last five years (2017-2022)

“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.”