Growth capital investor, Technology Crossover Ventures (TCV), has acquired a minority stake in K12. The company has invested about $125 million for the 10.5% stake in K12, which provides proprietary curriculum and online school programs for students in kindergarten through high school, adds Business Journal. As per the deal, TCV will receive 4 million shares at a price of $31.46 per share. TCV’s general partner, Jake Reynolds, will join K12’s board as part of the investment.
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