AltSchool, an education startup founded by Max Ventilla ’06, has received a round of investments totaling $100 million, the New York Times reported this week.
AltSchool aims to use a technology platform to make education more effective and flexible. The company has four schools in San Francisco and plans to open four more this fall, in San Francisco, Palo Alto, and Brooklyn. Its approach has drawn investments from Silicon Valley philanthropic funds as well as traditional venture capital.
Ventilla, the company’s CEO, was one of the first students to enroll in Yale SOM’s Silver Scholars program, through which talented college graduates spend a year at the school, leave for an extended internship of a year or more, and then return to complete an MBA. After graduating, Ventilla founded the social media startup Aardvark and worked as an executive at Google.