Technology and services
| Sector | Technology and services |
| Sub-sector | Education |
| Location | Americas |
Accelerate’s core product offering is a comprehensive learning platform that includes standards-aligned digital curriculum, print workbooks, hands-on classroom teaching kits and professional development for educators.
Accelerate’s STEMscopes and Math Nation curricula support more than 9 million K-12 students and 750,000 teachers in all 50 states across the US. As schools continue to shift to digital-first edtech providers, Accelerate was looking for an experienced, long-term partner to support its growth.
Macquarie Capital’s Software and Services team advised Providence on a strategic equity investment in Accelerate while Macquarie Capital Principal Finance provided capital to fund the investment. The integrated, cross-divisional team leveraged its deep expertise in software, edtech and financing to facilitate the transaction efficiently. The senior secured financing provided by Macquarie Capital also further supports Accelerate’s next phase of growth.
Outcome
With the investment, Accelerate can capitalise on organic and inorganic growth opportunities, building momentum for the business and enhancing its mission to improve learning outcomes while helping to close the achievement gap.
By providing both advice and capital, Macquarie Capital facilitated an efficient transaction lifecycle while providing funds for future acquisitions and product development to further support Accelerate’s growth."
Raghu Velamati
Senior Managing Director
Macquarie Capital
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