Category Archives: Funding & Deals

News about funding and deals in education 2.0.

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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Course Hero Series A

HEDLINE: Course Hero raises $15 million Series A

Class notes and peer learning community Course Hero has raised a $15 million Series A led by GSV Capital Corp. and IDG Capital, with participation of existing investors SV Angel and Maveron.

GSV Capital is one of the most active investors in education technology counting startups like 2U, Coursera, Declara, Knewton, General Assembly, Parchment, Dreambox Learning to its portfolio. IDG Capital recently invested in a $15 million Series C of Chinese test preparation platform Yuantiku.

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51Talk Series C

HEDLINE: 51Talk raises $55 million Series C led by Sequoia Capital

Chinese online English school 51Talk has raised a $55 million Series C led by Sequoia Capital with participation of existing investors Shunwei Capital and DCM. The round brings the total funding raised by 51Talk to over $70 million including a $12 million Series B in December of last year.

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Osmo funding

HEDLINE: Osmo raises $12 million Series A from Accel Partners

Osmo, a startup that connects physical games with an iPad experience, has raised a $12 million Series A led by Accel Partners with participation of Upfront Ventures and K9 Ventures. Accel Partners’ Rich Wong will join Osmo’s board of directors.

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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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CL Educate

CL Educate files for $40M IPO

Indian education service provider CL Educate, formerly known as Career Launcher, has filed papers for an IPO hoping to raise up to $40 million. The company was founded in 1994 and operates centers in Dubai and Abu Dhabi beside Northern India.

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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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