On January 12, 2021, Prodigy announced a $159 million financing round led by TPG Capital and the Canadian Business Growth Fund. Proceeds from the round will be used to help bolster the advancement of the startup’s Math Game, and strengthen its tutoring offering.
Prodigy is an online company, based out of Oakville, Ontario, that has turned math education into a video game for millions of children worldwide.
TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With approximately $15.4 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies.
Launched in 2018, the Canadian Business Growth Fund (CBGF) provides long-term, patient, minority capital to ambitious entrepreneurs to fund growth and expansion of mid-market businesses in Canada.
Osler, Hoskin & Harcourt LLP advised Prodigy with a team consisting of Chad Bayne, Justin Dharamdial, Chres Lee, Scott Lin (Emerging and High Growth Companies), Stella Gore (Corporate) and Chris Sheridan (Tax).