Category Archives: Funding & Deals

News about funding and deals in education 2.0.

GuideSpark Series C

EDBRIEF: GuideSpark raises $22.2 million Series C

GuideSpark, which provides HR organizations with a platform to turn paper-based training material into interactive and mobile courses, has raised a $22.2 million Series C led by Meritech Capital Partners with participation from previous investors New Enterprise Associates, Storm Ventures, and IDG Ventures.

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Instructure Series E EDBRIEF

EDBRIEF: Instructure raises $40 million Series E

Instructure has raised a $40 million Series E led by Insight Venture Partners with participation of Bessemer Venture Partners and EPIC Ventures.

The venture round brings the total raised by Instructure to around $90 million and it will be the last before the planned IPO later this year.

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SoFi Series D

HEDLINE: Student Loan Refinancer SoFi raises $200 million Series D

San Francisco-based peer-to-peer lending platform SoFi (Social Finance) raised a $200 million Series D led by Third Point Ventures and affiliates of Third Point LLC, with participation of Wellington Management Company LLP, Institutional Venture Partners and existing investors.

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NewSchools Seed Fund

NewSchools to launch For-Profit EdTech Fund

Non-profit NewSchools Venture Fund is in the process of creating a new for-profit investment fund, reports EdSurge. The new fund will be lead by Jennifer Carolan who is currently in charge of the NewSchools Venture Seed Fund. Carolan will be leaving the non-profit on January 30th to focus on setting up the new fund.

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Pearson Affordable Learning Fund

Pearson Affordable Learning Fund gets additional $50 million

Pearson is planning on investing an additional $50 million in edtech startups from emerging markets through the Pearson Affordable Learning Fund. Originally launched in 2012 with a budget of $15 million the fund has already invested in edtech startups from South Africa, Ghana, India and the Philippines. Half of the startups have a female CEO.

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lynda.com Series B

HEDLINE: Lynda.com raises $186 million Series B

Online learning company lynda.com has raised a $186 million Series B led by private equity firm TPG and with participation from existing investors Accel Partners, Spectrum Equity and Meritech. David Trujillo of TPG will join the board of directors.

The round comes two years after a $103 million Series A, bringing lynda.com’s total funding raised to $289 million.

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NetDragon

HEDLINE: NetDragon Online Education Subsidiary Raises $52.5 million Series A

NetDragon, a Chinese mobile and game developer, raised a $52.5 million Series A for its online education subsidiary Best Assistant Education, valuing it at $477.5 million. Investors include IDG Capital Partners, Vertex Venture and Alpha Animation.

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Guokr

HEDLINE: Science Community Guokr raises $20 million Series C

TAL Education Group, a Chinese K-12 after-school tutoring provider, led a $20 million Series C round in the online science community Guokr. TAL Education led the round, investing $15 million, the remaining $5 million came from existing investors IDG and others.

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Everspring

In the Slipstream of 2U’s Success Everspring raises another $10 million

Everspring, a Chicago-based edtech startup that helps universities to get their courses online, has raised a $10 million venture round from Park Loop and existing investors Carrick Capital Partners and Accretive reports Crain’s Chicago Business.

Everspring raised another $10 million earlier this year and currently counts University of Kansas, Kent State University, the College of William and Mary, and Auburn University as its customers.

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Yik Yak

Is Yik Yak the next Facebook?

Early rumors of a $75 million round for the anonymous messaging app Yik Yak that were first reported by TechCrunch turned out to be a $62 million round led by Sequoia Capital. Though there is no official statement of the round, TechCrunch dug up the SEC filing yesterday.

It’s the second funding round for Yik Yak this year, having raised a $10 million Series A in June led by DCM.

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