United States · Series D startup

Who invested in Civitas Learning

6 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Education

Funding summaryUpdated 26 Oct 2026

$96Mraised across 6 rounds since 2011, from 6 sources

$3.0MGrowth$4.1MSeries A$4.1MVenture$8.8MSeries B$16MSeries C$60MSeries D
Latest round
Series D, $60MSept 2015
Step-upi
3.7×
Investors
10
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2012201320142015
$3.0MGrowth$4.1MSeries A$4.1MVenture$8.8MSeries B$16MSeries C$60MSeries D
First round
Growth, $3.0M
Jul 2011
Biggest round
$60M
Series D · Sept 2015
Usual gap between rounds
13 months
the median of 4

The rounds

  1. Sept 2015
    Series D$60M3 new4 returning

    From a historical funding recordSEC filing: $35M sold, first sale Sept 2015

  2. Oct 2014
    Series C$16M1 new3 returning

    From a historical funding record

  3. Jun 2013
  4. May 2012
  5. Jul 2011
    Series A$4.1M3 new

    From a historical funding recordSEC filing: $3.0M sold, first sale Jun 2011

  6. Jul 2011
    Growth$3.0M

    No investor was named in the report.

    Reported by sec.govSEC filing: $3.0M sold, first sale Jun 2011

Founders and team

From Civitas Learning's own website and the SEC filings it signed: 6 on the team.

  • Will BallardChief Executive Officer
  • Devin DunnChief Financial Officer
  • Meredith BakerChief Revenue Officer
  • Megan YelleGeneral Counsel & Head of People
  • Charles ThornburghExecutive Officer, Directori
  • Scott ChamberlainExecutive Officeri

On the board, as filediAdam DellAdarsh SarmaMark MillironRichard SegalSantiago Subotovsky

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Austin VenturesVC firm5rounds
First Round CapitalVC firm3rounds
FelicisVC firm3rounds
FloodgateVC firm3rounds
EmergenceVC firm3rounds
Rethink EducationVC firm2rounds
Warburg PincusPrivate equity1round
SJF VenturesVC firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 3 firms list Civitas Learning as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

High AlphaVC firmPer its own site
Escalate CapitalPrivate creditPer its own site
High Alpha CapitalVenture studioPer its own site

Quick answers about Civitas Learning

Who invested in Civitas Learning?

Civitas Learning's investors include Austin Ventures, First Round Capital, Felicis, Floodgate and Emergence, and 5 more on record.

How much has Civitas Learning raised?

Civitas Learning has raised $96M across 6 rounds since 2011.

When did Civitas Learning last raise?

Civitas Learning's most recent round was a Series D of $60M in Sept 2015.

What was Civitas Learning's biggest round?

Its most recent round, $60M in Sept 2015, is also its largest on record.

Who backed Civitas Learning first?

Civitas Learning's first round on record, in Jul 2011, was backed by First Round Capital, Floodgate and Austin Ventures.

What stage is Civitas Learning at?

Civitas Learning's latest named round is a Series D, in Sept 2015.

Where is Civitas Learning based?

Civitas Learning is based in the United States.

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