10k us 22m global 1b bergenbloomberg
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. GoGuardian, which builds software used in over 10K US schools and by over 22M students, raises $200M from Tiger Global at a $1B+ valuation (Mark Bergen/Bloomberg).