Former MOOC turned tech education platform Udacity raised a $105 million Series D, valuing the company at $1 billion. German media, services and education company Bertelsmann increased its stake significantly, making it one of the largest shareholders in Udacity.
Udacity partners with tech firms like Google, Facebook and Amazon to develop so called Nanodegrees that train employees specific tech skills needed for different jobs in the technology sector.
In September Bertelsmann combined its education activities into a separate business unit, Bertelsmann Education Group. Earlier this month Bertelsmann invested $230 million in HotChalk.
On-demand tutoring, the possibility to connect with a live tutor anytime – anywhere, is quickly becoming a must-have feature for edtech startups. Instead of booking a session with a tutor at a fixed date and time, students can now go online and pick from a list of tutors who are available at this moment.
General Assembly, an educational institution that offers courses in technology, business and design at fourteen campuses across four continents and online, raised a $70 million Series D from Advance Publications and Wellington Capital Management LLP with participation from existing investors including IVP, Learn Capital, Maveron, Rethink Education and WTI.
Founded in 2011 in New York, General Assembly has raised nearly $120 million in venture capital and is closing in on 25.000 alumni worldwide by the end of 2015.
Full announcement available on the GA blog.
Portfolium, a skills marketplace connecting students and employers, raised an additional $1.2 million venture round led by University Ventures, Seed San Diego and Vertical Venture Partners bringing the total the startup raised to $2.1 million.
Founded in 2013, Portfolium helps students to create digital portfolios, displaying their skills and work samples as an alternative to classic resumes.
LearnUp, a startup that prepares applicants with job-specific online training, raised a $8 million Series A led by New Enterprise Associates (NEA) and Shasta Ventures, with participation from Greylock Partners, Floodgate and High Line Venture Partners.
Founded in 2012 LearnUp partnered with companies like Gap Inc., Sprint, Staples, Dick’s Sporting Goods, the Fresh Market and AT&T to streamline their hiring operations.