Relias Learning

Bertelsmann acquires Relias Learning from Visa Equity Partners

One month after participating in Udacity’s $35 million Series C, German media company Bertelsmann takes another step to strengthen its e-learning portfolio as it announced the acquisition of Relias Learning from private equity firm Vista Equity Partners for an amount in the mid-hundreds of millions USD.

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Minerva Project funding

HEDLINE: Minerva Project raises $70 million Series B

The Minerva Project, an edtech startup that aims to create a new breed of elite university, announced that it is in the process of raising a $70 million Series B from a Chinese investment consortium led by tutoring service provider TAL Education Group with participation of Yongjin Group and ZhenFund and its existing investor Benchmark Capital.

This round brings the total funding raised to $95 million. Benchmark Capital was the sole investor in Minerva’s $25 million round in April 2012.

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Pearson Affordable Learning Fund

Overview: The 13 Participants of Pearson’s African Edupreneurs Program

Pearson Affordable Learning Fund and Village Capital announced the thirteen participants of its edupreneurs program in Africa. Six of the participants come from South Africa, two from Tanzania, two from Nigeria, and one from Ghana, Kenya and Ethiopia respectively. The thirteen participants were selected out of 120 applicants from across the continent.

The startups will now participate in a mentorship program starting on October 16th. Two winners will be selected through peer review of the participants and will receive up to $75k in seed funding in January 2015.

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Kaizen Private Equity

Kaizen Private Equity raises $150 million EdTech Fund for India and South East Asia

Mumbai-based private equity fund Kaizen Management Advisors announced that it will invest $150 million in the education projects in India and South East Asia reports the Economic Times.

$75 million are going to be invested in the Indian education technology sector, the other $75 million in education projects in Singapore, Sri Lanka, Myanmar and the Philippines as Kaizen aims to expand into South East Asian markets through its second fund.

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LinkedIn college finding tools

Yahoo shuts down its Education Portal – LinkedIn launches College Finding Tools

Last week Yahoo announced would shut down its vertical portal Yahoo Education on September 30th, followed by its legacy product Yahoo Directory at the end of the year. This, however, does not seem to affect the collaboration between Easyuni and Yahoo Malaysia who announced a partnership for a higher education portal back in May.

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Remind

HEDLINE: Remind raises $40 million Series C to fuel its International Expansion

Remind, formerly Remind101, raised a $40 million Series C led by Kleiner Perkins Caufield & Byers with participation by The Social+Capital Partnership and First Round Capital.

Founded in 2011 by the brothers Brett and David Kopf, Remind is one of the most successful edtech startups from imagine K12’s first cohort, closely followed by ClassDojo. This latest round brings the total of funding raised by Remind to $59.5 million.

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Lingua.ly

Startup Profile: Lingua.ly

During last week’s event on Multilingualism in Europe we were talking about trends in language learning that are driven by new technology, data and a new mindset when it comes to what learners expect these days.

Some of the key trends we see at EDUKWEST are around personalization, effectiveness and quicker results, trends that are also at the core of the edtech startup in today’s profile.

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