ABCmouse Creator Valued at $3 Billion With TPG-Led Funding Round
- Qatar Investment Authority, Madrone Capital also participated
- Age of Learning CEO says proceeds will fuel global expansion
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Age of Learning, the creator of digital education platform ABCmouse, which exploded in popularity during the pandemic, more than doubled its valuation to $3 billion with a funding round led by TPG.
The Qatar Investment Authority and Madrone Capital Partners also participated in the $300 million round, as did Tencent Holdings Ltd., which invested in the Glendale, California-based firm last year at a valuation of about $1.4 billion, Age of Learning Chief Executive Officer Paul Candland said in an interview.