ON-Lion Letter
The Charter School Growth Fund (CSGF) in Broomfield, Colo., announced in April that it will acquire DreamBox Learning in partnership with Reed Hastings, renowned education philanthropist and chairman, president, and chief executive officer of Netflix.

Substantially supported by The Lynde and Harry Bradley Foundation in Milwaukee, CSGF invests philanthropic capital in the nation's highest-performing school operators to expand their impact on K-12 students.  During the past several years, it has invested in more than 20 organizations that operate many of the nation's highest-performing schools. 

Moving forward, CSGF believes that more successful school models will emerge that incorporate adaptive learning technology to identify and address individual students' learning needs and to reduce the overall operating expense associated with a school.  It identifies and supports entrepreneurs who are advancing this type of "hybrid" school model as part of its overall investment strategy.  The acquisition of DreamBox and a planned $10 million add-on investment in the company will enable it to advance its interest in leveraging innovative learning technology as a means to deliver effective, efficient instruction for K-12 students.

"As we scan the country for the highest-quality instructional models, we see great promise in a set of new school operators leveraging online, computer-based platforms in combination with talented teachers to deliver effective individualized instruction at a lower cost," said CSGF chief executive officer Kevin Hall.  "Our investment in DreamBox –- one of the best such platforms we've seen -- enables us to build expertise in this area, introduce adaptive learning technology to other entrepreneurs and extend best practice instruction beyond charter management organizations to thousands of kids around the country."

CSGF and Hastings will work to expedite DreamBox's aggressive growth strategy to significantly increase its footprint in schools around the world with the development of new e-Learning content across a variety of core disciplines as well as ongoing technology advancements to the DreamBox Learning Platform.
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