About Academy 123
Academy 123 is an Education company based in Silver Spring (United States) founded in 2004, and was acquired by Discovery Education in July 2006. Homework help and self-study guides for K-12 students are provided. Academy 123 has raised $5 million across 1 funding round from investors including Discovery Education and Momentum Venture Management. Its focus areas include EdTech, K-12 EdTech, B2C Learning Solutions and School Curriculum. Its competitors include Varsity Tutors and Filo; 2 of its 2 listed competitors have raised funding.
Company details
Academy 123 was founded in 2004 in Silver Spring, United States, focusing on educational technology for K-12 math instruction. Interactive explanations, multimedia demonstrations, searchable lessons, problems, solutions, and quizzes are offered through services like NutshellMath and Listen and View. These tools support homework assistance, classroom reinforcement, test preparation, and enrichment activities. The company was acquired by Discovery Communications in 2006.
- Headquarters Silver Spring, United States
- Stage Acquired
- SectorsEducation
- Website academy123.com
- Acquired by Discovery Education (Jul 2006)
- Total Equity Funding$5M (USD)
in 1 rounds
- Latest Funding Round$5M (USD), Series A
Jun 2005
- InvestorsDiscovery Education
& 1 more
- Acquired byDiscovery Education
(Jul 2006)
Funding Insights of Academy 123
Academy 123 has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in June 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5M
- Total Rounds 1
- Last Round Series A — $5M
- First Round $5M
(Jun 2005)
- Investors Count 1
All 1 funding rounds of Academy 123 with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2005 | $5M | Series A | – | – |
2 investors in total: 2 institutional.
Investors in Academy 123
Academy 123 has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Discovery Education and Momentum Venture Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| mvmpartners.com | ||||
Provider of online educational resources | 1998 | discoveryeducation.com | Charlotte, United States |
Investor details for Academy 123
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Academy 123
3 dated milestones of Academy 123 across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Academy 123 is founded.
- Funding First funding round of $5.0M.
- Exit Acquired by Discovery Education.
Competitors of Academy 123
Academy 123 has 2 listed competitors in our database, 2 of them funded. They include Varsity Tutors and Filo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| varsitytutors.com | 2007 | St. Louis, United States | $107M | 405 | Live online tutoring and test prep platform is operated. | |
| askfilo.com | 2020 | Lewes, United States | $23.26M | 78 | On-demand one-to-one tutoring is connected between students and tutors. |
Detailed competitors of Academy 123
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Academic Tutoring & Afterschool Learning
3 companies that operate in the same segment as Academy 123 (Academic Tutoring & Afterschool Learning) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform providing tutoring solutions for school students | 2020 | New York, New York, United States | USD 10 M | |||
After-school mathematics and reading programs are offered to students. | 1954 | Teaneck, New Jersey, United States | USD 2.93 M | 282 | ||
Scholarships and financial aid are matched with college students. | 2016 | San Francisco, California, United States |
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Frequently Asked Questions about Academy 123
Academy 123 was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Academy 123 is headquartered in Silver Spring, United States. It is registered at Silver Spring, Maryland, United States.
Academy 123 is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Jun 2005.
Academy 123 was founded in 2004 in Silver Spring, United States, focusing on educational technology for K-12 math instruction. Interactive explanations, multimedia demonstrations, searchable lessons, problems, solutions, and quizzes are offered through services like NutshellMath and Listen and View. These tools support homework assistance, classroom reinforcement, test preparation, and enrichment activities. The company was acquired by Discovery Communications in 2006.
Academy 123's top competitors include Filo and Varsity Tutors.
Academy 123 has 2 investors. Key investors include Discovery Education, and Momentum Venture Management.
Yes. Academy 123 was acquired by Discovery Education in July 2006.