Formative Momentum

Formative Momentum

Formative Hall: Bett Hall Stand: SP33

With strong growth and marked progress toward company initiatives, Formative has had an incredible 2021! Among its many achievements, Formative tripled the size of its team this year, a decision that allowed the company to better meet the needs of educators and bring on additional school districts, and it announced the hiring of Matt Kane, Formative’s first Chief Revenue Officer (CRO). Kane joined the senior leadership team to lead efforts that will generate partnerships with new school districts and drive Formative’s next growth phase.  
 
Furthermore, an independent third-party study found that Formative satisfies the Level III ESSA (Every Student Succeeds Act) requirements, an accreditation that became possible due to a Series-A funding investment that Summit Partners led with the participation of educational thought-leaders Emerson Collective, Rethink Education, and Fika Ventures. With this investment, Formative bolstered its product-enhancement and global-expansion efforts while simultaneously increasing support for teachers and administrators.
 
Furthermore, Formative continued its tradition of giving back to the communities it serves. In 2020, the Covid-19 Assistance Program helped nearly 5,000 schools and districts, and last school year Formative helped four million students. The company has also seen an increase in educators introducing Formative to their respective administrations; Formative helped reimburse individual teachers for over $200,000 of their out-of-pocket expenses. During this December’s Tamron Hall Holiday Giveaway, Formative contributed towards a cash prize for a deserving educator and gifted a full year of the Formative Partner package to a local area high school.

Moving into 2022, Formative is increasing efforts on a school-and-district level to provide the data administrators need with the tools teachers love. Formative prioritizes easing the strain of teacher turnover with a platform that makes it easy for any teacher to jump in and have a comprehensive understanding of student progress.

Ultimately, this process empowers educators to accelerate learning and close the opportunity gap. As Formative closes a ground-breaking 2021, it is this goal - creating powerful growth opportunities for all students - that shapes Formative’s core values and motivates everything the company has planned for 2022!
 
About Formative:
Formative empowers educators to super-charge their existing lessons and teaching tools into data-rich, formative-learning experiences across every grade level and subject matter. Formative’s world-class Customer Success team ensures that administrators and teachers get the most from the platform, providing expert support for any level of technology in the classroom. To learn more, visit formative.com.

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