Pearson Affordable Learning Fund

Overview: The 13 Participants of Pearson’s African Edupreneurs Program

Pearson Affordable Learning Fund and Village Capital announced the thirteen participants of its edupreneurs program in Africa. Six of the participants come from South Africa, two from Tanzania, two from Nigeria, and one from Ghana, Kenya and Ethiopia respectively. The thirteen participants were selected out of 120 applicants from across the continent.

The startups will now participate in a mentorship program starting on October 16th. Two winners will be selected through peer review of the participants and will receive up to $75k in seed funding in January 2015.

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Kaizen Private Equity

Kaizen Private Equity raises $150 million EdTech Fund for India and South East Asia

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.

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LinkedIn college finding tools

Yahoo shuts down its Education Portal – LinkedIn launches College Finding Tools

Last week Yahoo announced would shut down its vertical portal Yahoo Education on September 30th, followed by its legacy product Yahoo Directory at the end of the year. This, however, does not seem to affect the collaboration between Easyuni and Yahoo Malaysia who announced a partnership for a higher education portal back in May.

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Chegg acquires

HEDLINE: Chegg acquires for $11 million in Cash and Stock

Chegg announced today that it has acquired the data and assets of for $10 million in cash and $1 million in stock from CareerArc Group LLC.

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HEDLINE: Remind raises $40 million Series C to fuel its International Expansion

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.

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Startup Profile:

During last week’s event on Multilingualism in Europe we were talking about trends in language learning that are driven by new technology, data and a new mindset when it comes to what learners expect these days.

Some of the key trends we see at EDUKWEST are around personalization, effectiveness and quicker results, trends that are also at the core of the edtech startup in today’s profile.

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Blackboard Requestec

Blackboard acquires WebRTC Startup Requestec

Blackboard announced the acquisition of Requestec, a startup that creates web conferencing and real time communication gateways for computers and mobile devices. Financial terms of the deal have not been disclosed.

Requestec’s technology has already been implemented in part of Blackboard’s product line, further implementation and updates are planned for later this year.

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MasteryConnect raises $15.2 million Series B

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.

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Unitus Seed Fund

Unitus Seed Fund raises additional $7 million for Early Stage Investments

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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EdTech Funding Asia

EdTech Funding Asia: $32.8 million in August 2014

Digital Education logo smallOur EdTech Funding Coverage is brought to you by Digital Education.

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.

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