| Founded | 2012 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Edtech |
| Collapse type | Mass Layoff Spiral |
| Founder | Matthew Gross |
Newsela
"ESSER money expiration triggered a K-12 edtech subscription bloodbath."
Cascading layoffs that accelerated the decline
Key Events Timeline
Newsela, founded by Matthew Gross, raised $100M to provide leveled news articles and literacy content for K-12 classrooms.
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