The funding comes from U.S. PE giant TPG Capital and the Canadian Business Growth Fund. The company—which creates video games to teach math to elementary school students—plans to spend much of the money on hiring, with plans to double its workforce to 800 people this year. (The Globe and Mail)

Talking point: Prodigy is among the benefactors of the shift to at-home learning during the pandemic, with parents turning to the platform to keep their kids engaged while also learning. Prodigy’s games are free, but it generates revenues by selling extras like personalized outfits for users’ avatars. The firm, which had already been growing rapidly before the pandemic, says it has about nine million active monthly users and 100 million registered users globally, and reportedly generates more than $50 million in annual revenues.