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In this edtech funding news roundup we take a look at ClusterFlunk which raised $1 million from Lightbank and Built in Iowa for its online community for college students. Regent Education raised $9 million for its financial aid and enrollment optimization SaaS platform. Last but not least, Ellevation Education raised $2 million for its web-based software solutions for the ELL classroom.
edX announced a new partnership with the Kingdom of Saudi Arabia. Based on the Open edX platform the Ministry of Labor will launch a MOOC portal with the aim to bridge the gap between education and employment in the Kingdom as well as the Arab world.
DataWind, the company behind the low-cost Aakash tablet, raised $30 million CAD ($28 million USD), in its IPO at the Toronto Stock Exchange last week.
The money will be used to expand the implementation of DataWind’s products in emerging markets.
Following last year’s program in India, Pearson Affordable Learning Fund and Village Capital are looking for their next batch of edupreneurs in Africa. The edupreneurs program will operate in South Africa but education entrepreneurs from the entire continent are invited to apply for the incubator program.
Pearson and Village Capital are looking for startups that serve students in low-income communities. Projects need to be for-profit but not necessarily tech focused. The program will start in fall, hosting up to 15 startups. The two winners, which will be selected through peer review, will receive up to $75k in seed funding.
Applications for the program are now open and close end of August with the selected participants being announced end of September. The program starts in October and runs through early January.
In this edtech merger & acquisitions roundup we take a look at Dev Bootcamp, a pioneer of the coding bootcamp model, being acquired by Kaplan. Along with raising a fresh $3 million, STI announced the acquisition of Learning Earnings and Spiral Universe. And Houghton Mifflin Harcourt’s acquisition of e-portfolio startup SchoolChapters, after an initial investment in the company a bit over a year ago.
In this week’s edtech funding roundup we take a look at the hugely successful crowdfunding campaign for Reading Rainbow which brought in over $5 million from more than 91.000 backers.
In classic funding news we got a $600k seed round for student housing startup Comfy, $3 million for data management solution provider STI and $9.7 million for Galvanize Ventures, the investment arm of co-working and learning space Galvanize.
This week two education projects serving underprivileged children in India received funding. Hippocampus which operates 128 learning centers raised $2.4 million and Sudiksha Knowledge Solutions received $50k from the Pearson Affordable Learning Fund for its pre-schools in Hyderabad.
As announced last week, education startups Top Hat and Boundless have formed a partnership. As part of this partnership Top Hat will integrate content from Boundless including textbook chapters, PowerPoint slides, discussion questions and interactive exercises into its cloud based teaching platform for higher education.
Through the integration more than 300,000 students at more than 400 universities including Harvard, UCLA, Duke and MIT will gain access to the Boundless’ library of 21 introductory college-level subjects.
In May Top Hat announced a $10 million Series B and its expansion plans in other verticals including corporate training.
We took this latest announcement as an opportunity to catch up with Top Hat’s co-founder and CEO Mike Silagadze to talk about the future of free content, acquiring competitors and the startup’s expansion plans.
In today’s EdTech Funding News we have two seed rounds with Myagi raising $500k AUD for an online training portal and TeachBoost raising $1.5 million for teacher assessment.
In the Series A range we have Bulb raising $1 million for a publishing and portfolio service. $1.7 million in follow-on funding goes to StudyBlue for its collaborative learning portal.
Yik Yak, an anonymous local messaging app for college and university students, raised a $10 million Series A led by DCM with participation of Azure Capital Partners, Renren Inc. and Tim Draper. Alan Masarek, co-founder and former CEO of Quickoffice, and David Chao of DCM, join Yik Yak’s board of directors.
The startup previously raised a $1.5 million Seed Round from Vaizra Investments, DCM, Azure Capital Partners and several other angels in April.