eSpark Receives More Than $5 Mln Equity Financing

eSpark said Wednesday that it secured over $5 million in equity financing. New investors MK Capital, Learn Capital and NewSchools Venture joined existing private investors in the financing. Chicago-based eSpark provides iPad-enabled individualized student learning plans.

PRESS RELEASE

eSpark, a leader in providing iPad enabled individualized learning plans, announced it has secured over $5 million in equity financing. New investors MK Capital, Learn Capital and NewSchools Venture joined existing private investors in the financing. This capital raise will help drive national expansion.

eSpark has great marketplace traction due to its solution’s proven efficacy in increasing student performance. The Company is well positioned given educator’s explosive interest in deploying iPads in the classroom.

“We enable innovative schools to use iPads to raise student achievement by providing individualized instruction to every student. Our results to date have been highly rewarding and our customers are our greatest advocates,” said David Vinca, eSpark’s Founder and CEO.

“eSpark‘s ability to deliver personalized learning in such an interactive manner creates a highly impactful classroom solution. Its ease of use for both the teachers and students, coupled with quantifiable achievement results provides real value to schools,” said Karen Buckner, partner at MK Capital.

“Educators are increasingly looking to technology to help personalize student instruction. eSpark makes it easy for teachers to differentiate instruction and deliver content that reflects each student’s strengths, needs, learning style, and pace. Because it is easy to deploy and puts data into the hands of educators, we are extremely enthusiastic about the company’s ability to move the needle for students and schools,” said Jordan Meranus, partner at NewSchools Venture Fund.

About eSpark

eSpark (www.esparklearning.com) works to change the way students learn by using fun, targeted educational iPad applications and data-driven assessments to create personalized curriculum targeted to students’ learning needs. eSpark partners with classroom teachers to identify student goals aligned to Common Core State Standards. After 8 weeks using eSpark, students typically grow 1.4 grade levels in their goal area.