Reed Hastings Leads $11M for DreamBox Learning

Netflix chief Reed Hastings led an $11 million round for DreamBox Learning, investing through the Charter School Growth Fund, the company announced Wednesday. Also investing in the round were venture capitalist John Doerr, publicly traded GSV Capital Corp. and individual investor Deborah Quazzo. The Web-based learning company was founded in 2006 in Bellevue, Wash., and acquired in April 2010 by the Charter Fund in partnership with Reed Hastings, the company said. The newest funding will go toward product development and distribution efforts.

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