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 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.
- Reading Rainbow Has More Backers Than Any Kickstarter Campaign Ever | TechCrunch
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.
- Student housing startup Comfy makes property managers come to you | VentureBeat
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.
- STI completes new raise, continous string of recent acquisitions | Press Release
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.
- Galvanize Venture Fund raises $9.7 million | The Denver Post
- Co-Working and Learning Space Galvanize raised $18 million Series A | EDUKWEST