Oakville maker of Prodigy math game to hire 400 after raising $159-million from U.S. private equity
A GTA online company that has turned math education into a video game for millions of children worldwide has raised $159-million from U.S. private-equity giant TPG Capital and the Canadian Business Growth Fund (CBGF).
Oakville, Ont.-based Prodigy Education Inc, which had previously raised just $15-million in institutional capital from CBGF in 2019, said the new funds would fuel a hiring spree, with plans to double in size to 800 people this year. “We’re planning on growing very aggressively with this fundraise … and pursue our mission of helping every student in the world love learning,” co-chief executive officer Rohan Mahimker said in an interview.
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