About LightSail
LightSail is a company based in New York (United States) founded in 2012 by Steven Gittleson was acquired by MindPlay in March 2023.. LightSail has raised $25.68 million across 4 funding rounds from investors including MindPlay, Agile Investment and Scott Cook. LightSail operates in a competitive market with competitors including Reading Plus, Lexia Learning, StudySync, Headsprout and CommonLit, among others.
- Headquarter New York, United States
- Founders Steven Gittleson
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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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Funding Insights of LightSail
LightSail has successfully raised a total of $25.68M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $2.48 million completed in July 2017. 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 4
- Last Round Series B — $2.5M
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First Round
First Round
(30 Oct 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2017 | Amount | Series B - LightSail | Valuation |
investors |
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| Jan, 2016 | Amount | Series B - LightSail | Valuation |
investors |
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| May, 2015 | Amount | Angel Round - LightSail | 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 LightSail
LightSail has secured backing from 11 investors, including angel and venture fund investors. Prominent investors backing the company include MindPlay, Agile Investment and Scott Cook. 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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Seed-stage venture capital is invested in US-based companies.
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Founded Year | Domain | Location | |
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Scott Cook |
Co-founder of Intuit, prominent angel investor, supporter of fintech startups.
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Founded Year | Domain | Location |
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RA
Ricardo A Sagrera |
Co-founder of Badi, angel investor in Indian startups, tech enthusiast
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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 LightSail
| 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 - LightSail
| 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 |
Lightsail Comparisons
Competitors of LightSail
LightSail 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, StudySync, Headsprout and CommonLit, 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 |
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| 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 |
Web-based curriculum for English literacy and skills development is provided.
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| domain | founded_year | HQ Location |
Online adaptive reading proficiency solutions are provided for students.
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| domain | founded_year | HQ Location |
Curated reading materials are provided for literacy in grades 5-12.
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| domain | founded_year | HQ Location |
App-based reading proficiency solutions for students are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Lightsail
Frequently Asked Questions about LightSail
When was LightSail founded?
LightSail was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is LightSail located?
LightSail is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of LightSail?
Steven Gittleson is the current CEO of LightSail. They have also founded this company.
Is LightSail a funded company?
LightSail is a funded company, having raised a total of $25.68M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $3.5M, raised on Oct 30, 2014.
What does LightSail do?
LightSail offers a collection of 80000 K-12 texts which can be customized depending on what the teachers want to teach and the students want to read. Combines students choice of reading with leveled challenges to create a personalized reading experience. Assessment questions are embedded into the texts. Provides real-time data analytics for readers to get an insight on their skills. Teachers can specify specific texts for each reader or can assign books for group reading activities. Contains English and Spanish language content. Currently, single user interfaces not supported, only available for schools and classes. Available for Ipads with iOS 8 and later. Can be used in shared devices.
Who are the top competitors of LightSail?
LightSail's top competitors include Spritz, Reading Plus and Lexia Learning.
Who are LightSail's investors?
LightSail has 11 investors. Key investors include MindPlay, Agile Investment, Scott Cook, Ricardo A Sagrera, and Chuck Strauch.