GoGuardian, which builds software used in over 10K US schools and by over 22M students, raises $200M from Tiger Global at a $1B+ valuation (Mark Bergen/Bloomberg)

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A second indication of private equity’s wager that the rise in classroom technology would survive the epidemic is Tiger Global Management’s $200 million investment in GoGuardian, a firm that sells software to K–12 schools.

GoGuardian, which is supported by Sumeru Equity Partners LP, is now valued at more than $1 billion thanks to the investment. The Los Angeles-based firm was founded in 2014, and its first product was a Chrome extension that allowed schools to monitor and restrict their students’ internet use. GoGuardian experienced a surge in demand during the epidemic, similar to other online education businesses, as schools tried to implement virtual learning.