Technology Crossover Ventures Pours $125M into K12
Technology Crossover Ventures will pay $125 million for a minority stake in K12 Inc., a publicly traded provider of of proprietary curriculum and online school programs for students in kindergarten through high school. The investment was structured as a private placement of 4 million shares of common stock at a price of $31.46 per share. Jake Reynolds, a general partner of Technology Crossover, will join K12's board. Technology Crossover is based in Palo Alto, Calif., and has $7.7 billion in capital under management.
15 April 2011•4 mins read
