Newsela has raised approximately $1.2 M in a Seed round in October 2013, $6 M in a Series A in September 2014, $15 M in a Series B in October 2015, $50 M in a Series C in March 2019, and $100 M in a Series D in February 2021, bringing total funding to around $173 M. The Series D was led by Franklin Templeton and TCV at a valuation of about $1 billion. Founded in 2013, Newsela is scaling its K-12 educational content platform and preparing for broader growth across schools and distance learning.