About Ignite! Reading
Ignite! Reading is a company based in San Francisco (United States) founded in 2021 by Jessica Reid Sliwerski and Evan C Marwell.. Ignite! Reading has raised $46.75 million across 2 funding rounds from investors including Owl Ventures, Rethink Capital Partners and Emerson Collective.
- Headquarter San Francisco, United States
- Founders Jessica Reid Sliwerski, Evan C Marwell
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$46.75 M (USD)
in 2 rounds
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Latest Funding Round
$36.75 M (USD), Series B
Oct 15, 2024
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Investors
Owl Ventures
& 7 more
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Employee Count
Employee Count
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Funding Insights of Ignite! Reading
Ignite! Reading has successfully raised a total of $46.75M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $36.75 million completed in October 2024. 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 — $36.8M
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First Round
First Round
(13 Feb 2023)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - Ignite! Reading | Valuation |
investors |
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| Feb, 2023 | Amount | Series A - Ignite! Reading | 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 Ignite! Reading
Ignite! Reading has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Owl Ventures, Rethink Capital Partners and Emerson Collective. 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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Investments in edtech companies are made by Owl Ventures.
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Founded Year | Domain | Location | |
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Real estate, venture capital investments, and financial services are provided.
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Founded Year | Domain | Location | |
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Early-stage, high-impact social enterprises are supported by the foundation.
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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 Ignite! Reading
| 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 |
Financial Statements - Ignite! Reading
| 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 |
Ignite! Reading Comparisons
Competitors of Ignite! Reading
| 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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Frequently Asked Questions about Ignite! Reading
When was Ignite! Reading founded?
Ignite! Reading was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Ignite! Reading located?
Ignite! Reading is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Ignite! Reading?
Jessica Reid Sliwerski is the current CEO of Ignite! Reading. They have also founded this company.
Is Ignite! Reading a funded company?
Ignite! Reading is a funded company, having raised a total of $46.75M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Feb 13, 2023.
What does Ignite! Reading do?
Ignite! Reading was founded in 2021 and is based in San Francisco, United States. Educational services focused on independent reading for students are offered through digital platforms. Core operations involve developing resources that support literacy development in K-12 settings. The company is led by co-founders Jessica Reid Sliwerski as CEO and Evan C. Marwell. Activities center on the education sector, with tools accessible via ignite-reading.com.
Who are Ignite! Reading's investors?
Ignite! Reading has 8 investors. Key investors include Owl Ventures, Rethink Capital Partners, Emerson Collective, Ken Griffin, and Draper Richards Kaplan Foundation.