Leading AI Education Technology Provider Carnegie Learning Announces Strategic Growth Investment From Madison Dearborn Partners

Carnegie Learning, Inc, a leader in artificial intelligence (AI) for education and formative assessment, announced today that it has received a strategic growth investment from funds affiliated with Madison Dearborn Partners, LLC (“MDP”), a leading private equity firm based in Chicago. Under the terms of the agreement, the funds affiliated with MDP (the “MDP Funds”) have acquired a majority stake in Carnegie Learning from CIP Capital, a New York-based private equity firm, which initially invested in Carnegie Learning in 2018. CIP will retain a significant ownership position in Carnegie Learning alongside certain members of the Company’s management team. CIP and Carnegie Learning’s management team, together with MDP, will seek to extend Carnegie Learning’s leadership position in K-12 personalized learning and coaching software, assessments, curriculum and professional learning solutions.