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.
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.
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.
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.
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.
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.
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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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.
The Chinese market for tech and creative skills is heating up. In just four weeks two significant Series B rounds adding up to over $50 million went into edtech startups offering online courses for tech and creative professionals.