Over the past couple of years the Indian subcontinent managed to establish itself as a serious market for investors seeking opportunities to invest in education and EdTech.
At EDUKWEST we see an increased number of startups in the education space getting founded by Indian entrepreneurs, often after having spent time in the US and working for big American companies, but also new funds specially created to support the budding ecosystem.
Data analytics platform BrightBytes has raised a $33 million Series C led by Insight Venture Partners with participation of Bessemer Venture Partners, Rethink Education and Learn Capital. Nick Sinai, Venture Partner at Insight Venture Partners, will join the BrightBytes board of directors.
Language learning startup Duolingo has raised a $45 million Series D led by Google Capital with participation from existing investors Union Square Ventures, New Enterprise Associates, and Kleiner Perkins Caufield & Byers.
The round brings the total raised to over $83 million, valuing the company at $470 million.
Udemy, a global marketplace for online courses, has raised a $65 million Series D led by Stripes Group, with participation from Norwest Venture Partners (NVP) and Insight Venture Partners. Stripes Group Founder and Managing Partner Ken Fox will join Udemy’s Board of Directors.
The Series D comes one year after a $32 million Series C and shortly after LinkedIn’s acquisition of Udemy’s main competitor, lynda.com for $1.5 billion.
Name: +1 Math
Headquarters: New York, USA
Vertical: K-12, STEM
Tech: Web App, Mobile App