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.
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.
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.
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.
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.
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.
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.
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.
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.
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.