About Read Lee
Read Lee is an Education company based in Cambridge (United States) founded in 2020, and was acquired by Paper in March 2023. SaaS AI-based platform providing data insights for schools. Its focus areas include EdTech, K-12 EdTech, School IT and Data Analytics. Its competitors include Panorama Education, BrightBytes and OThot; 3 of its 3 listed competitors have raised funding.
Company details
Read Lee was founded in 2020 in Cambridge, United States, within the education technology sector. A SaaS and AI-based platform is operated to deliver data insights for schools. Struggling readers are identified through analytics, progress is monitored over time, and related educational metrics are tracked. Operations focus on supporting school administrators and educators with actionable data tools across the United States.
- Headquarters Cambridge, United States
- Stage Acquired
- SectorsEducation
- Email••••••••
- Phone•••• ••••
- Website readlee.com
- Social LinkedIn X Facebook
- Acquired by Paper (Mar 2023)
Funding Insights of Read Lee
- Total Rounds 1
- Last Round Grant — $40,000
- First Round $40,000
(Oct 2021)
- Investors Count 1
All 1 funding rounds of Read Lee 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 |
|---|---|---|---|---|---|
| Oct 2021 | $40,000 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Read Lee
Read Lee has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Paper and Education Competition.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Supports education entrepreneurs with funding and resources for innovative ventures. | 2010 | educationcompetition.org | Philadelphia, United States | |
Educational support is provided for K-12 students and teachers. | 2014 | paper.co | Montreal, Canada |
Investor details for Read Lee
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People of Read Lee
2 people are tracked at Read Lee (2 in team).
| Name | Role | Group |
|---|---|---|
Eli Kugel | Investor | Team |
Teddy Zee | Strategic Advisor | Team |
Complete people profiles for Read Lee
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Read Lee
3 dated milestones of Read Lee across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Read Lee is founded.
- Funding First funding round of $40K.
- Exit Acquired by Paper.
Competitors of Read Lee
Read Lee has 3 listed competitors in our database, 3 of them funded. They include Panorama Education, BrightBytes and OThot.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| panoramaed.com | 2012 | Boston, United States | $92.12M | 23 | Academic survey platforms for K-12 feedback collection are provided. | |
| brightbytes.net | 2012 | San Francisco, United States | $52.25M | SaaS-based data analytics for educational technology use is provided. | ||
| othot.com | 2014 | Pittsburgh, United States | $8.28M | 26 | Predictive analytics solutions are provided for the education sector. |
Detailed competitors of Read Lee
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Top companies in Education Technology Platforms
3 companies that operate in the same segment as Read Lee (Education Technology Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of a platform providing gamified language learning through interactive exercises | 2011 | Pittsburgh, Pennsylvania, United States | USD 183.3 M | USD 748.02 M | 900 | |
Cloud-based software for K-12 education is provided. | 1997 | Folsom, California, United States | USD 32 M | USD 59.7 M | 3,283 | |
Online platform for preschool management and parent updates is offered. | 2014 | San Francisco, California, United States | USD 88.8 M |
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Related news about Read Lee
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Frequently Asked Questions about Read Lee
Read Lee was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Read Lee is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Read Lee was founded in 2020 in Cambridge, United States, within the education technology sector. A SaaS and AI-based platform is operated to deliver data insights for schools. Struggling readers are identified through analytics, progress is monitored over time, and related educational metrics are tracked. Operations focus on supporting school administrators and educators with actionable data tools across the United States.
Read Lee's top competitors include Panorama Education, OThot and BrightBytes.
Read Lee has 2 investors. Key investors include Paper, and Education Competition.
Yes. Read Lee was acquired by Paper in March 2023.