MOOC platform Coursera announced that it has closed part of a Series C round. The first closing totalled $49.5 million led by New Enterprise Associates (NEA) and joined by Kleiner Perkins Caufield & Byers (KPCB), International Finance Corporation (IFC), and Times Internet (TIL).
Ellucian announced that private equity firms TPG Capital and Leonard Green Partners acquired a majority stake in the higher education SaaS provider from its current owners Hellman & Friedman LLC and JMI Equity.
Keeping its pace of edtech acquisitions, Blackboard announced that the company has acquired Nivel Siete, a Moodle provider based in Colombia. Terms of the deal have not been disclosed.
Founded in 2002, Nivel Siete has over 200 customers reaching over 400.000 learners in Latin America. The company will continue to operate under the Nivel Siete brand.
Interestingly, as EDUKWEST reported in July, Blackboard itself might be up for sale for up to $3 billion.
News Corp wrote down the value of Amplify after another disappointing sales season leading to an operating loss of $24 million, leading to a $371 write-off.
University Ventures, an investment firm focused on the higher education market, announced its $5 million seed portfolio.
The fund already made initial seed investments in a couple of edtech companies, namely technology distribution network Entangled Ventures, job skills platform ProSky, ePortfolio company Portfolium, and SaaS platform CampusLogic.