FastBridge Learning, LLC

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FastBridge Learning, LLC - overview

Established

2015

Location

Minneapolis, MN, US

Primary Industry

Software

About

FastBridge Learning, LLC specializes in K–12 assessment solutions, providing educators with tools to screen and monitor student progress in academic and social-emotional areas. Founded in 2015 in Minneapolis, US, FastBridge Learning, LLC develops assessment tools for K–12 education. It was acquired by Illuminate Education, Inc. in June 2019, though financial details were not disclosed.


FastBridge offers a comprehensive suite of K–12 screening and progress monitoring assessments designed to support educators in identifying and addressing academic and social-emotional behavior (SEB) needs among students. The core product offerings integrate curriculum-based measures (CBM) and computer-adaptive testing (CAT) to facilitate efficient screening across reading, math, and SEB. These assessments enable educators to make data-driven instructional decisions, implement appropriate interventions, and monitor student progress effectively. FastBridge’s tools are utilized by school districts across various states in the United States, serving a broad clientele that includes educators, school administrators, and education support personnel, all aiming to optimize learning outcomes for diverse student populations.


FastBridge operates primarily through subscription-based revenue models, where school districts and educational institutions purchase licenses to access its assessment tools and resources. The company’s flagship offerings, including its valid and reliable assessments, are typically bundled into comprehensive packages that cater to varying needs within educational settings. Transactions occur directly between FastBridge and its clients, with organized pricing structures designed for scalability based on the size of the institution and the specific services utilized. This approach allows for tailored solutions that align with the educational standards of different regions, ensuring that clients receive relevant tools and insights to support their student populations.


Following its acquisition by Illuminate Education, Inc. in June 2019, FastBridge is focusing on enhancing its assessment product line and expanding its reach. The company aims to launch new assessment tools tailored for diverse educational needs by mid-2023. FastBridge plans to explore markets beyond the United States, specifically targeting educational institutions in Canada and the UK by 2024, leveraging recent funding to adapt its offerings to meet the unique requirements of these regions.


Current Investors

Illuminate Education, Inc.

Primary Industry

Software

Sub Industries

Education & Training Services, Education & Training Software, Analytics & Performance Software

Website

www.fastbridge.org

Verticals

Big Data

Company Stage

Add-on

Total Amount Raised

Subscriber access only

FastBridge Learning, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedFastBridge Learning, LLC-

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