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AltSchool

AltSchool, a San Francisco-based experimental school operator and developer of educational tools, has raised around $40 million in a new funding round that could total up to $80 million, according to an SEC filing.

The company previously raised just over $137 million from backers like Andreessen Horowitz, First Round Capital and Facebook CEO Mark Zuckerberg. It has not yet returned a request for comment.

Primer: Founded in 2013, AltSchool has grade schools in the Bay Area and New York (plus Chicago, coming soon), where it develops personalized student learning plans. Core to AltSchool's methods are tech tools to help students learn in customized ways and tracking their progress. It's also begun to team up with other schools and provide them with tools it has developed.

Go deeper

Felix Salmon, author of Capital
2 mins ago - Economy & Business

Get ready for more debt ceiling drama

Illustration: Aïda Amer/Axios

It was bliss while it lasted — which was exactly two years. Right now, the U.S. has no limit on the amount of debt it can issue. But that ends on Saturday.

Why it matters: Brace yourself for another round of unedifying posturing and brinkmanship, all of which should result — after a period of entirely unnecessary fiscal contortion — in the debt ceiling being raised (not abolished) sometime this fall.

Olympic athletes see more sponsorship opportunities

Illustration: Sarah Grillo/Axios

Tokyo 2020 athletes are cashing in on more personal sponsorship opportunities compared with past Games.

Why it matters: Marketing deals are an important income stream for competitors, nearly 60% of whom say they are not financially stable. 

2 mins ago - Politics & Policy

First look: Biden adviser Donilon touts infrastructure deal

Mike Donilon. Photo: Drew Angerer/Getty Images

One of President Biden’s closest advisers, Mike Donilon, believes swing voters want Congress to pass the $1.2 trillion bipartisan infrastructure deal, and embrace solutions where the two parties "meet in the middle,” according to a memo first reported by Axios.

Why it matters: While Biden has faced doubters — especially in his own party — about his ability to work with Republicans, a core group of advisers, including Donilon, is convinced the president’s political fortunes rest on his ability to transcend partisanship.

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