Illuminate Education Acquires FastBridge Learning

Illuminate Education, a PE-backed provider of K-12 assessment and data systems, has acquired FastBridge Learning, an evidence-based K-12 assessment platform developed with researchers from the University of Minnesota. FastBridge's ownership group — including founders Dr. Ted Christ and Dr. Zoheb Borbora, CEO Terri Soutor, and the University of Minnesota — was advised by Cherry Tree on the transaction; Illuminate is backed by Insight Venture Partners.