Educational media franchise for children Jumpstart has raised $13 million in debt financing led by Hercules Technology Growth Capital, Inc. JumpStart’s portfolio mainly consists of educational games which are produced by Knowledge Adventure.
Along with additional funding from Telesoft Partners JumpStart will use the new funds to expand on their existing mobile and web products to unlock new potential in the children and family space.
Robots for children are a growing market. Our science expert Alicia Chang works with US-based Play-i which creates robots that fuse play with programming for preschoolers. And there is MOSS by Modular Robotics which targets a more grown up audience. Both startups have successfully raised money for prototypes or products via crowdfunding campaigns.
Now Berlin-based TinkerBots follows in their footsteps with a robotic building set that wants to appeal to both children and adults, hence the entire family.
UniSmart, a Nigerian startup that offers discounts and perks from online and in store to verified students, received a $25k seed investment from Savannah Fund.
The startup is currently participating in Savannah Fund’s accelerator program and was chosen out of 95 applicants.
Press4Kids received $1 million in Seed Funding from private investors and entrepreneurs. The funding round was split into two tiers.
Press4Kids is the publisher of News-O-Matic, a daily news application for kids that aims to foster global citizenship by providing students with local, national and international news.
Minnesota-based edtech startup Naiku has raised $1.01 million from Gopher Business Angels for its student assessment technology reports Minneapolis/St. Paul Business Journal.
Atlas Capital Partners led the funding round with other Gopher Angels participating as well as Iowa-based Plains Angels.
The new funding will be used to grow grow the team and to expand US-wide.
The International Finance Corporation (ICF) committed up to $20 million for a new Education Innovation Fund managed by Learn Capital. The fund will invest in early to mid-stage edtech companies focused on or located in emerging markets reports VCCircle.
IFC, the private sector lending arm of the World Bank group, comes in as an anchor LP through straight equity investment, the Education Innovation Fund targets a total of $100-150 million.
Questions and answers site Quora raised $80 million Series C led by Tiger Global, with re-investment from existing investors Peter Thiel, Matrix Partners, Benchmark and North Bridge Venture Partners.
Quora had previously raised $50 million in 2012 at a reported valuation of $400 million.
This new investment could be the last or may be sufficient for Quora to break even and eventually become profitable. The company plans to stay independent, however not go public in the midterm.
New York startup Flatiron School raised a $5.5 million Series A for its coding courses that turn newcomers into professional programmers in just four months. The funding round was lead by Charles River Ventures and Matrix Partners with participation of Box Group and a group of angel investors.
Funds will be used to provide top teacher training and to experiment with courses.
Booktrack, a startup that enhances ebooks by means of sound effects, music and ambient sound, raised a $3 million funding round from Sparkbox Venture with participation of existing investors Valar Ventures and Park Road Associates Ltd.
This funding round will be used for Booktrack’s newly created Booktrack Classroom that aims at the education market. Booktrack had previously raised $2 million in venture funding from a group of investors including Peter Thiel.
Kuailexue, a Chinese startup that builds a mobile Q&A platform for students around smartphones, raised a $5 million Series A led by Matrix Partners China, with follow-on funding from Crystal Stream reports Tech In Asia.