EdTech Funding News

EdTech Funding: Reading Rainbow, Comfy, STI and Galvanize Ventures

In this week’s edtech funding roundup we take a look at the hugely successful crowdfunding campaign for Reading Rainbow which brought in over $5 million from more than 91.000 backers.

In classic funding news we got a $600k seed round for student housing startup Comfy, $3 million for data management solution provider STI and $9.7 million for Galvanize Ventures, the investment arm of co-working and learning space Galvanize.

Reading Rainbow

Reading Rainbow now most backed Kickstarter Campaign

The Kickstarter campaign by Levar Burton to bring back Reading Rainbow was a juggernaut from the start with reaching its official goal of $1 million in just one day. In the end Reading Rainbow got support from over 91.000 individual backers, pledging over $5 million which means that the new version of Reading Rainbow will be developed for all devices and over 7500 schools are going to receive free subscriptions.

Further Reading

  • Reading Rainbow Has More Backers Than Any Kickstarter Campaign Ever | TechCrunch


readingrainbow.com | Twitter


eHarmony for Student Housing Comfy raises $600k Seed Round

Austin-based Comfy, a startup that runs a platform that aims to simplify the interaction between apartment complex managers and students who are looking for a place to live near a campus. The startup has raised a $600k Seed Round led by Dominion Ventures partner Mike Lee and with participation from Austin Ventures and a group of angel investors reports VentureBeat.

The service is currently free to use for both students and managers.

Further Reading

  • Student housing startup Comfy makes property managers come to you | VentureBeat


rentcomfy.com | Twitter | CrunchBase


Data Management Solutions Provider STI raises $3 million

STI, a provider of data management solutions in K-12, announced that it has raised $3 million reports EdSurge. Part of the funding was used to acquire three edtech startups, namely Chalkable, Learning Earnings and Spiral Universe (more about that in our EdTech M&A roundup).

STI aims to grow beyond its current offering of administrative software into student and teacher centric tools.

Further Reading

  • STI completes new raise, continous string of recent acquisitions | Press Release


sti-k12.com | Twitter

Galvanize Ventures

Galvanize raised $9.7 million for its Seed Investment Fund

Galvanize, a network of co-working and learning spaces for digital innovators and entrepreneurs, raised $9.7 million for its seed investment arm Galvanize Ventures reports The Denver Post.

The company had just closed an $18 million Series A led by University Venture Fund to expand its campuses into three additional cities by 2015 as well as growing its staff and launching new course offerings.

Further Reading

Related Links

  • Co-Working and Learning Space Galvanize raised $18 million Series A | EDUKWEST


galvanize.it/venture | Twitter

Kay Alexander is the co-founder and creative director of EDUKWEST. You can follow him on Twitter, Facebook or Google+