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Providence Equity Partners backs global virtual classroom major Seesaw

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Providence Equity Partners has made a strategic investment in SaaS-based classroom technology platform Seesaw.

The business, which was founded in 2015, provides virtual classroom spaces and educational tools to elementary school students, teachers and families, aimed at “encouraging creativity and feedback that makes students excited to learn”.

Seesaw is currently used by more than 10 million teachers, students, and family members in over 130 countries, the company says.

Providence senior managing director David Phillips said, “Seesaw is an impressive founder-led, mission-driven business with opportunities for significant growth.

“The platform saw widespread adoption during the pandemic and Seesaw’s customer base continues to expand from a large and active teacher community that drives organic growth through word-of-mouth referrals. We are excited to support the Seesaw team in their next chapter.”

Providence Equity Partners raised more than $6bn for the final close of its eighth flagship fund two years ago.

Earlier this year it emerged that the firm’s former growth capital arm was in talks with LPs over raising $4bn for its latest fund – double the total it collected for its predecessor vehicle.

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