Announced
Completed
Financials
Sources
Tags
United States
AI-enabled writing
AI platform
Digital Services
Acquisition
Minority
Private
Private Equity
Domestic
Completed
Friendly
Single Bidder
e-learning platform
Synopsis
PSG Equity, a private equity firm, completed an investment in Packback, an AI-enabled writing and discussion platform. Financial terms were not disclosed. “We are all incredibly excited to partner with PSG as we strive to advance our shared goal of getting more feedback to all students earlier in the learning process. We’re grateful to have found a partner with a shared passion for education and deep empathy for the experience of the educators we support," Kelsey Behringer, Packback CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.