The Rise Fund and Spectrum Equity Investors completed the acquisition of a majority stake in PresenceLearning.

The Rise Fund, a global impact investing platform and a growth equity firm specializing in investments in internet, completed the acquisition of a majority stake in PresenceLearning, a provider of live online special education services to K-12 schools. Financial terms were not disclosed. "Spectrum and The Rise Fund bring a wealth of expertise in building industry-leading technology platforms and are the ideal partners as we provide a new level of innovation to technology solutions for special education.” Kate Eberle Walker, PresenceLearning CEO.