Category Archives: Press Release

Press releases from edtech companies.

Newsela Series B FUNDED 10 2015 EDUKWEST

FUNDED: Newsela raises $15 million Series B

Newsela, a personalized learning platform for literacy, raised a $15 million Series B round led by Kleiner Perkins Caufield & Byers (KPCB) with participation of Mark Zuckerberg, Priscilla Chan, Women’s Venture Capital Fund, the John S. and James L. Knight Foundation, and Owl Ventures.

Founded in 2013, Newsela has raised a total of over $22 million. The product is used by over 400.000 teachers reaching over 4 million students. The funding will be used to accelerate Newsela’s machine learning algorithm.

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CampusLogic Series A FUNDED 10 2015 EDUKWEST

FUNDED: CampusLogic raises $7.5 million Series A

CampusLogic, a student financial aid platform, raised a $7.5 million Series A led by Continental Investors with participation from Great Lakes Higher Education Corporation.

Founded in 2011, CampusLogic today has over 300,000 active students at 40 higher education institutions in the United States.

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Aceable Seed FUNDED 10 2015 EDUKWEST

FUNDED: Aceable raises $4.7 million Seed Round

Aceable, an Austin-based edtech startup that offers app based courses in drivers education, raised a $4.7M Seed Round led by Silverton Partners with participation from Floodgate Ventures, NextGen Angels and Capital Factory.

Founded in 2012, Aceable has around 100,000 users and is available in Texas and Florida.

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News Corp Amplify Sale EDBRIEF 10 2015 EDUKWEST

M&A: News Corp completes Amplify Sale

News Corp completed the sale of data analytics and assessment platform Amplify and its assets. The company was acquired by parts of the management team and a group of private investors for an undisclosed amount.

Founded in 2011, Amplify provides a digital curriculum for K-12. The company discontinued the production and marketing of a dedicated tablet device in August.

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General Assembly Series D FUNDED 10 2015 EDUKWEST

FUNDED: General Assembly raises $70 million Series D

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.