Tiger Global Plows $200 Million Into EdTech Firm GoGuardian
- Over 22 million U.S. school kids use the startup’s software
- Private equity betting edtech surge will stay post-pandemic
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Tiger Global Management is putting $200 million into GoGuardian, a company that sell software to K-12 schools, in a further sign of private equity’s bet that the boom in classroom technology will outlive the pandemic.
The investment gives GoGuardian, which is backed by Sumeru Equity Partners LP, a valuation of more than $1 billion. Formed in 2014, the Los Angeles-based startup began by offering a Chrome tool that let schools track and filter student internet browsing. Like other online education companies, GoGuardian saw an explosion of interest during the pandemic as schools struggled to make virtual learning work.