The literary education software provider raised the cash in a Susquehanna International Group-led round taking its total funding to $58m.

US-based grammar learning platform developer NoRedInk has received $50m in a series B round led by quantitative trading firm Susquehanna International Group’s Susquehanna Growth Equity subsidiary.

The round included True Ventures, the venture capital firm that led the company’s $6m series A round in 2015, in which Social Capital, Rethink Education and Kapor Capital also invested.

NoRedInk provides digital tools to help schools teach children to write, and its products are currently used in over 60% of school districts across…

Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.