Category Archives: Funding & Deals

News about funding and deals in education 2.0.

Guides.co

HEDLINE: Accel.io rebrands as Guides.co raises $500k Seed Round

Accel.io, a resource site for free and premium interactive guides, rebranded itself to Guides.co and raised a $500k Seed Round from a group of angel investors including Shopify founder Scott Lake, Shopify vice president Adam McNamara, and TravelPod founder Luc Levesque according to TechCrunch.

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Zoobean

Update: Zoobean raises another $400k

Washington D.C. based Zoobean, a curation platform for educational apps, books and literacy resources for children, raised $400k from Militello Capital, CIT GAP Funds and angel investor Hilton Augustine Jr. according to Washington Business Journal.

The announcement came on Tuesday, only a day after the air date of a Shark Tank episode that revealed a $250k investment from Mark Cuban in the startup.

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Declara

HEDLINE: Declara raises $16 million Series A

Declara, an edtech startup that offers an adaptive learning platform for continuing education, has raised a $16 million Series A led by GSV Capital with participation of Catamount Ventures and previous investors Data Collective and Founders Fund. Mark Flynn, co-managing partner of GSV Asset Management, will join the Declara board.

The new funding will be used to scale operations in Asia and build out the team by hiring more data scientists. Declara previously raised a $5 million Seed Round in September 2013 from Peter Thiel, Founders Fund, and Data Collective.

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Avaz Autism app

HEDLINE: Invention Labs raises $550k Seed Round for Avaz Autism App

Invention Labs has raised a $550K Seed Funding round led by Inventus Capital and Mumbai Angels with participation of Google India MD Rajan Anandan and Raju Reddy, founder of Sierra Atlantic and others.

The funding is specifically for Invention Labs’ picture based communication app Avaz AAC that helps children with autism develop verbal skills.

The funding will be used to further develop the app and also expand geographically.

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EdTech Startups Funding Special

EdTech Startup Funding Special: Approved Colleges, Exo Labs and Dub Labs

This is a funding special as an addition to our weekly Edtech Startup News, covering some of the smaller rounds of the last couple of weeks.

In this special edition we take a look at Approved Colleges, an online degree resource site, Exo Labs, which creates cameras that connect microscopes and iPhones and Dub Labs, a mobile platform for colleges.

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Function Space

HEDLINE: Function Space raises Seed Round from Nexus Venture Partners

Indian social learning network for science Function Space announced that it has secured an undisclosed amount of Seed Funding from Nexus Venture Partners with Sandeep Singhal, co-founder and MD at Nexus Venture Partners joining the board of function Space as part of the deal.

The funding will be used to both build out the platform itself, mainly functions to ease collaboration, and to attract more experts and contributors as well as to expand its user base in general.

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JumpStart

HEDLINE: JumpStart Raises $13 Million in Venture Debt

Educational media franchise for children Jumpstart has raised $13 million in debt financing led by Hercules Technology Growth Capital, Inc. JumpStart’s portfolio mainly consists of educational games which are produced by Knowledge Adventure.

Along with additional funding from Telesoft Partners JumpStart will use the new funds to expand on their existing mobile and web products to unlock new potential in the children and family space.

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