About Achieve3000
Achieve3000 is a company based in Lakewood (United States) founded in 2000 was acquired by McGraw Hill in August 2021.. Achieve3000 has raised $13.6 million across 2 funding rounds from investors including McGraw Hill, Insight Partners and unknown. The company has 315 employees as of December 31, 2022. Achieve3000 has completed 3 acquisitions, including Actively Learn, McGraw Hill and Smarty Ants. Achieve3000 offers products and services including Achieve3000 Literacy, Achieve3000 Math, Actively Learn, and Smarty Ants. Achieve3000 operates in a competitive market with competitors including Reading Plus, Lexia Learning, Heggerty Phonemic Awareness, Spritz and StudySync, among others.
- Headquarter Lakewood, United States
- Employees 315 as on 31 Dec, 2022
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Achieve 3000, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.6 M (USD)
in 2 rounds
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Latest Funding Round
$9 M (USD), Series B
Jul 24, 2007
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Investors
McGraw Hill
& 3 more
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Employee Count
315
as on Dec 31, 2022
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Investments & Acquisitions
Actively Learn
& 2 more
- Acquired by
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Products & Services of Achieve3000
Achieve3000 offers a comprehensive portfolio of products and services, including Achieve3000 Literacy, Achieve3000 Math, Actively Learn, and Smarty Ants. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Adaptive tool for accelerating reading skills in grades 3-12.
Personalized platform for math fluency and skills mastery in K-12.
Flexible tool for content-area learning and reading comprehension.
Multisensory program for early readers in grades PreK-2.
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Software Development Team
89 people
Sales and Marketing
77 people
Leadership Team
51 people
Senior Team
26 people
Finance and Accounting
23 people
Product Management Team
20 people
Data Analysis and Operations Team
17 people
Operations Team
9 people
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Funding Insights of Achieve3000
Achieve3000 has successfully raised a total of $13.6M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $9 million completed in July 2007. 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 Total Funding
- Total Rounds 2
- Last Round Series B — $9.0M
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First Round
First Round
(01 Jan 2004)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2007 | Amount | Series B - Achieve3000 | Valuation |
investors |
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| Jan, 2004 | Amount | Series B - Achieve3000 | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Achieve3000
Achieve3000 has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include McGraw Hill, Insight Partners and unknown. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Palisade Capital Management is engaged in wealth and institutional investment services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Achieve3000
Achieve3000 has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Actively Learn, McGraw Hill and Smarty Ants. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Educational content and digital learning solutions are provided by McGraw Hill.
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2016 | ||||
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E-reading platform is offered for student comprehension and retention.
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2012 | ||||
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Gamified phonics learning is delivered to children aged 4-7.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Achieve3000
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Achieve3000 Comparisons
Competitors of Achieve3000
Achieve3000 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Reading Plus, Lexia Learning, Heggerty Phonemic Awareness, Spritz and StudySync, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Reading skills are developed for K-12 students through online intervention.
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| domain | founded_year | HQ Location |
Personalized learning and assessment for reading skills are offered.
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| domain | founded_year | HQ Location |
After-school phonemic awareness programs are offered for pre-K students.
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| domain | founded_year | HQ Location |
App-based reading proficiency solutions for students are provided.
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| domain | founded_year | HQ Location |
Web-based curriculum for English literacy and skills development is provided.
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| domain | founded_year | HQ Location |
Curated reading materials are provided for literacy in grades 5-12.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Achieve3000
Frequently Asked Questions about Achieve3000
When was Achieve3000 founded?
Achieve3000 was founded in 2000 and raised its 1st funding round 4 years after it was founded.
Where is Achieve3000 located?
Achieve3000 is headquartered in Lakewood, United States.
Is Achieve3000 a funded company?
Achieve3000 is a funded company, having raised a total of $13.6M across 2 funding rounds to date. The company's 1st funding round was a Series B of $4.6M, raised on Jan 01, 2004.
How many employees does Achieve3000 have?
As of Dec 31, 2022, the latest employee count at Achieve3000 is 315.
What does Achieve3000 do?
Achieve3000 was established in 2000 in Lakewood, United States, within the educational technology sector. App-based adaptive reading proficiency tools are offered to students, facilitating a blended learning approach that links in-class instruction with online differentiated content. Student progress is monitored by teachers across both settings, enabling curriculum modifications as needed. The platforms app is accessible on Android devices, supporting extended classroom engagement.
Who are the top competitors of Achieve3000?
Achieve3000's top competitors include Spritz, Reading Plus and Lexia Learning.
What products or services does Achieve3000 offer?
Achieve3000 offers Achieve3000 Literacy, Achieve3000 Math, Actively Learn, and Smarty Ants.
How many acquisitions has Achieve3000 made?
Achieve3000 has made 3 acquisitions, including Actively Learn, McGraw Hill, and Smarty Ants.
Who are Achieve3000's investors?
Achieve3000 has 4 investors. Key investors include McGraw Hill, Insight Partners, unknown, and Palisade Capital Management.
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