Announcing Rethink Education’s 2024 Impact Report

How Our Portfolio Reached 50 Million Learners in 2024

We are excited to share our Impact Report with the Rethink Education Community. In 2024, our portfolio companies reached over 50 million learners, including more than 11 million low-income individuals, while advancing solutions encompassing lifelong learning, workforce development, and digital equity. We remained committed to diversity, with 40% of portfolio companies led by women and 23% by Black or Latine CEOs or co-founders. Our cumulative investments surpassed $257 million, with 48 exit transactions to date.

Here’s a closer look at the impact some of our portfolio companies are driving on the ground:

Lightcast delivers critical labor market analytics that help employers, educators, and governments anticipate and adapt to shifting workforce dynamics. In 2024 alone, Lightcast supported over 11.5 million learners and drove measurable improvements in organizational effectiveness across sectors. A survey of 1,400 clients across enterprise, education, and public sectors found that 68% used Lightcast to accurately forecast labor market needs, while 77% credited the platform with improving their ability to anticipate industry trends. Notably, 71% of enterprise users reported an increase in job applications from diverse and historically marginalized groups, an important step toward addressing systemic hiring inequities. One standout example is J.B. Hunt, a leading trucking company, which used Lightcast’s insights to cut employee turnover from an industry average of 94% to just 50%, showcasing the powerful economic and operational impact of data-driven workforce strategies.I’m a new paragraph block.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Aanaab is transforming education across the Middle East and North Africa by delivering accredited, high-impact professional development for teachers. In 2024, Aanaab empowered over 80,000 educators across eight countries, who collectively completed more than one million hours of training. Rigorous evaluation, including over 1,300 reflective journal entries and supervisor assessments, revealed strong outcomes: 98% of participants reported that Aanaab’s courses effectively met their professional development goals. More than half of educators reported increased teaching confidence (53%) and improved professional expertise (54%). Most importantly, teachers observed a direct impact on students, with an 83% average rise in student engagement and learning effectiveness. These results underscore Aanaab’s vital role in elevating teaching quality and driving meaningful, measurable improvements in student outcomes at scale.

EnGen delivers AI-powered, specialized English language training that unlocks greater economic mobility and career advancement for adult learners. In 2024, the platform served approximately 40,000 non-native English speakers working in critical sectors such as healthcare, skilled trades, and hospitality. Among 6,000 surveyed users, 94% reported increased confidence in the workplace, 88% improved their English proficiency, and 79% achieved tangible career progress, such as raises or promotions, directly linked to their training. Notably, 84% expressed a stronger commitment to staying with employers who provided access to EnGen, emphasizing the platform’s role in boosting retention and job satisfaction. Employers also saw clear operational benefits: 93% of participating employees reported time savings on the job, demonstrating the powerful organizational impact of targeted language upskilling.

New Investments in 2025

Scout EDU: We’re excited to back a company redefining how K–12 schools manage student data in an era of rising administrative complexity. Founded in 2024 by Max Bertfield and Noah Fichter, Scout is building a modern student information system (SIS) from the ground up, leveraging AI to automate compliance tasks, improve data accuracy, and streamline family engagement. Unlike legacy SIS platforms, Scout is designed with usability and scale in mind, offering educators a smarter way to reduce costly errors and reclaim their time. As schools look to operate more efficiently while staying compliant, Scout is uniquely positioned to become the backbone infrastructure of the next generation of school operations.

Edapt Schools: We’re thrilled to support an EdTech solution turning artificial intelligence into a practical resource for school districts nationwide. Edapt partners directly with education leaders to develop custom tools that reduce operational friction, streamline administrative processes, and support staff training. Their approach is not about replacing educators; it’s about empowering them. By offering AI training and implementation support, Edapt helps educators build confidence with new tools while ensuring equitable access to technology across districts. Their mission to increase digital literacy and reduce educator burnout is deeply aligned with our broader vision for a resilient,human-centered education system.

Edexia: An AI-powered grading platform designed to bring relief to overburdened teachers while enhancing feedback for students that we are proud to back. Edexia automates the grading of assignments across a wide range of subjects, from essays and diagrams to technical answers, while preserving the educator’s unique style and intent. Teachers maintain full control and visibility, with the system providing clear explanations and insights that promote consistency and reduce bias. In a system where teacher capacity is stretched thin, Edexia is not just a time-saver, it’s a tool for improving instructional quality and equity.

Montamo: We’re excited to have participated in Montamo’s €6 million Seed round, supporting a company that is tackling one of the most urgent bottlenecks in the clean energy transition: labor. With governments and industries committing billions to climate infrastructure, there is a massive shortage of trained professionals capable of installing and maintaining the systems needed to decarbonize. Montano’s platform delivers hands-on, accessible training for high-demand clean tech roles, from solar and heat pump installations to EV infrastructure and beyond. By enabling workers to move out of low-wage gig jobs into secure, skilled careers, Montamo is not only addressing a labor shortfall but expanding economic mobility.

Hiveclass: Reimagining physical education for the modern classroom. Their platform delivers a rich library of virtual PE content, including courses on sports fundamentals, dance, yoga, nutrition, and self-defense, making high-quality movement education accessible to all students regardless of school resources or physical space. As childhood physical activity declines and screen time rises, Hiveclass is helping districts and parents reengage students through interactive, skills-based learning that’s fun and inclusive. We believe Hiveclass is creating a powerful, scalable tool to support both mental and physical health in the K–12 system.

Avela Health: is setting a new standard for neurodivergent care through speed, accessibility, and compassion. We’re honored to support their mission to radically improve how families access autism evaluations and therapy. Avela offers virtual, clinician-led evaluations and evidence-based therapy programs tailored to each individual’s needs, often beginning services within days rather than the months-long wait typical of traditional providers. Their platform also integrates family-centered interventions, prioritizing emotional support and real developmental progress. With a highly experienced clinical team and a digital-first delivery model, Avela is poised to become a trusted solution for families navigating the complex world of neurodivergent care.

Portfolio Anouncements

Campus announced its $46 million Series B round led by General Catalyst, positioning the company to expand its modern, affordable two-year college model built for Gen Z. Campus offers accredited online degrees paired with career support, designed to meet the needs of today’s learners who are seeking flexibility, economic mobility, and relevance. With rising demand for nontraditional pathways, Campus is fast becoming a defining player in the future of higher education.

Magic School, an AI-powered copilot for educators, recently announced a $45 million Series B round led by Valor Equity Partners. The company now reaches millions of educators across 10,000+ schools and will use the funding to expand its AI capabilities, strengthen district partnerships, and deepen its commitment to safety and support.

Teal, a career development platform using AI to power job search and advancement, raised its Series A to support product growth and user expansion. As career navigation becomes increasingly fragmented, Teal is building infrastructure to help professionals manage transitions and skill-building with the same ease and support they expect from consumer tech. We see Teal as a key player in the emerging category of personal career infrastructure.

Abl, a Rethink portfolio company focused on unlocking operational equity in K–12 schools, was acquired by BetterLesson, a strategic move that brings Abl’s powerful scheduling and resource allocation tools into the hands of thousands of district leaders. The integration deepens BetterLesson’s district-facing capabilities while extending Abl’s core mission: helping schools deploy time and talent more effectively to support student outcomes. We’re proud to have supported Abl’s journey from early-stage innovation to an acquisition that enhances scale and system-wide impact.

Guild announced its global expansion, launching operations in Canada, Mexico, India, and the UK. The move signals growing global demand for Guild’s workforce education model, which helps employers invest in upskilling, mobility, and retention at scale. As companies increasingly compete on talent development, Guild’s international presence strengthens its leadership in the future of work.

Team Updates

At our Annual Investor Meeting on June 18th, we shared our vision and priorities in response to the dynamics reshaping education, workforce development, and lifelong learning. The conversation highlighted key shifts transforming the landscape, from the accelerating role of AI in both classrooms and workplaces, to the rising urgency around reskilling in both skilled trades and knowledge-based roles. We also explored the growing demand for more equitable, affordable, and accessible pathways that lead to meaningful learner outcomes. Founders from our portfolio including Rasa Legal , River Health, Montamo, Hiveclass, and Campus shared how their platforms are delivering meaningful outcomes, from expanding access to care and skills training to rethinking student wellness and higher education. These themes are guiding our investments as we work to build more inclusive and future-ready learning ecosystems.

Earlier this year, Managing Partner Matt Greenfield, penned a powerful reflection on his personal journey in My Cancer and My Purpose, offering insight into how his experience has shaped his mission-driven approach to investing. Matt was also honored by NU Advisory Partners as one of the 10 Investors Driving EdTech in 2025, a testament to his longstanding leadership in the sector.

We’re proud to announce the promotions of Bridget Duru and Monique Malcolm-Hay to Vice President. Read more about their journeys and the value they bring to our team and portfolio.

Bridget was recognized with an Honorable Mention on Alpha Partners’ 2024 Pre-Partner List.
Monique was named to Venture Capital Journal’s 2025 Rising Stars and featured among the Women Leading AI in Education.

This summer, we’re also excited to welcome two outstanding MBA interns from Harvard Business School to the Rethink Education team:

Alix Heffron joins us with a strong background in real estate investing, having previously worked at KKR in Real Estate Credit and Mitsui Fudosan in acquisitions.
Kendyl Pettit brings deep experience in product strategy and AI from Microsoft, as well as a founder’s lens from building and scaling her own startup, Eventurely

Tade Oyerinde, Founder & CEO of Campus, spoke on building accessible, workforce-aligned education at the Annual Investor Meeting.

Matt Greenfield reflects on how a cancer diagnosis deepened his commitment to education and impact investing.

Bridget Duru and Monique Malcolm-Hay have been promoted to Vice Presidents at Rethink Education.

Upcoming Events This Year

If you’re attending any of these events, be sure to reach out! We always welcome the opportunity to connect with likeminded investors, founders, and ecosystem partners.

Workforce Realigned Launch Summit
July 17th, 2025 – Washington D.C.
Rethink Education Attendee(s): Bridget Duru

Primary Ventures Summit
September 10th, 2025 – New York, NY
Rethink Education Attendee(s): Amy Nelson

HolonIQ Back to School Summit
September 9th–11th, 2025 – New York, NY
Rethink Education Attendee(s): Amy Nelson, Matt Greenfield

EDTECH WEEK
October 20th-22nd, 2025 – New York, NY
Rethink Education Attendee(s): Amy Nelson, Andre Bennin, Bridget Duru, Matt Greenfield and Monique Malcolm-Hay

SOCAP 25
October 27th-29th, 2025 – San Francisco, CA
Rethink Education Attendee(s): Amy Nelson, Matt Greenfield

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