Category Archives: Funding & Deals

News about funding and deals in education 2.0.

Minerva Project funding

HEDLINE: Minerva Project raises $70 million Series B

The Minerva Project, an edtech startup that aims to create a new breed of elite university, announced that it is in the process of raising a $70 million Series B from a Chinese investment consortium led by tutoring service provider TAL Education Group with participation of Yongjin Group and ZhenFund and its existing investor Benchmark Capital.

This round brings the total funding raised to $95 million. Benchmark Capital was the sole investor in Minerva’s $25 million round in April 2012.

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Kaizen Private Equity

Kaizen Private Equity raises $150 million EdTech Fund for India and South East Asia

Mumbai-based private equity fund Kaizen Management Advisors announced that it will invest $150 million in the education projects in India and South East Asia reports the Economic Times.

$75 million are going to be invested in the Indian education technology sector, the other $75 million in education projects in Singapore, Sri Lanka, Myanmar and the Philippines as Kaizen aims to expand into South East Asian markets through its second fund.

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Remind

HEDLINE: Remind raises $40 million Series C to fuel its International Expansion

Remind, formerly Remind101, raised a $40 million Series C led by Kleiner Perkins Caufield & Byers with participation by The Social+Capital Partnership and First Round Capital.

Founded in 2011 by the brothers Brett and David Kopf, Remind is one of the most successful edtech startups from imagine K12’s first cohort, closely followed by ClassDojo. This latest round brings the total of funding raised by Remind to $59.5 million.

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MasteryConnect

MasteryConnect raises $15.2 million Series B

Mastery Connect announced today that it has raised a $ 15.2 million Series B round led by Trinity Ventures and with participation of Pelion Ventures and Catamount Ventures. Larry Orr, general partner at Trinity Ventures, will join MasteryConnect’s board of directors.

This latest round brings the total funding raised to more than $24 million in five rounds since the platform’s launch in 2009.

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Udacity nanodegree

Sebastian Thrun raises $35 million Series C for Udacity’s nanodegrees

Former MOOC platform Udacity raised a $35 million Series C to double down on its new path of creating the nanodegree and aiming to address the skills gap ranging from computer science to finance.

The round was led by Drive Capital, with participation from Bertelsmann, Recruit Holdings and Valor Capital. Existing investors Andreessen Horowitz and Charles River Ventures also participated in the new funding round.

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Unitus Seed Fund

Unitus Seed Fund raises additional $7 million for Early Stage Investments

Back in May we reported on the public launch of Unitus Seed Fund in India which had started out with the aim to serve bottom of the pyramid startups across the country.

Unitus has recently announced that it raised an additional $7 million in commitments for its micro VC fund. This additional investment which comes from several large foundations as institutional investors as well as a large number of individual investors, brings the total size of the fund to $ 20 million and confirms an overall enthusiasm for so called impact investments on the subcontinent.

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EdTech Funding Asia

EdTech Funding Asia: $32.8 million in August 2014

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Last month was quiet in terms of funding in Asia compared to the rest of the world, but we can already tell that more deals are coming in throughout September.

Yet, thanks to a significant Series B for Chinese online course platform Xingshuai Teach, the total still surpassed $30 million in August.

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