TeachTown, a provider of evidence-based education curriculum software for students with special needs, has received investment from a social impact investor Bain Capital Double Impact. Financial terms of the private transaction were undisclosed.
The Woburn, Massachusetts-based company’s current management team will continue to run the business and will remain significant owners of TeachTown.
Founded more than a decade ago, TeachTown has grown to cater to over 1,000 school district customers helping more than 50,000 students diagnosed with autism spectrum disorders, intellectual disabilities and developmental disabilities across the US.
TeachTown said it provides best-in-class blended learning solutions tailored to the personalised needs of children aged 18 months to 22 years old. TeachTown’s programmes are based on the principles of applied behaviour analysis, which is a therapy for students with moderate-to-severe learning disabilities.
The company added that its recently released core curriculum enCORE, which covers the subjects of maths, English language arts, social studies, and science, allows students with learning disabilities to receive literature-based instruction previously unavailable to them in the classroom.
David Cappellucci, president and chief executive of TeachTown, said: “Bain Capital Double Impact is a mission-driven partner that shares our passion for expanding access to educational opportunity and our commitment to building outstanding products to support the intellectual and social development of students with special educational needs. The recent launch of encore represents an exciting new chapter for TeachTown, and we’re looking forward to further accelerating our new product development together with our new partners. As we enter the next stage of our growth journey, we remain devoted to serving our customers, teachers and students and to reaching more of the approximately seven million students in the US with individualised education plans.”
Iain Ware, a managing director at Bain Capital Double Impact, added: “One of our core focus areas is enabling access to educational opportunity, in particular for populations that have been historically underserved. School districts increasingly recognise the importance of using purpose-built solutions in special education classrooms, and TeachTown’s programmes provide those solutions to help students reach their full learning potential. We are excited to partner with TeachTown to further advance its mission of developing outstanding programmes to enable educational achievement for students with special learning needs.”
Tyton Partners advised TeachTown on the transaction.
Date published: 14 January 2021