General Assembly announced the Opportunity Fund, a scholarship program in partnership with Microsoft, Google, Hirepurpose and Nas.
The Opportunity Fund offers generous scholarship funds to help veterans, women, and minorities become less underrepresented in the tech industry.
Washington D.C. based Zoobean, a curation platform for educational apps, books and literacy resources for children raised $250k from Mark Cuban on Shark Tank.
According to SEC filings Zoobean had previously raised $270k in debt and $573k from Kapor Capital.
Serial Internet entrepreneur Krishnan Ganesh and wife have acquired Avagmah, an online school for working professionals.
They are also close to investing more than $16 million to scale up this venture together with VC firm Capital18. Meena Ganesh and Sarbvir Singh of Capital18 have joined Avagmah’s board as directors.
Indian social learning network for science Function Space announced that it has secured an undisclosed amount of Seed Funding from Nexus Venture Partners with Sandeep Singhal, co-founder and MD at Nexus Venture Partners joining the board of function Space as part of the deal.
The funding will be used to both build out the platform itself, mainly functions to ease collaboration, and to attract more experts and contributors as well as to expand its user base in general.
To get you up to speed for the week ahead, we serve you a Monday Ristretto here on EDUKWEST by picking the most important reads from the past week, putting them in a grinder and extracting the essential information for a short and punchy brew.
As every week, we’ve got three shots for you. Peer lending and student loan related services continue to make the news, vertical deal sites for university students in the US and Africa attract investors and buyers alike, and the text messaging war is heating up.
In this week’s Sunday Review we learn that experience without humility is not very helpful (when it comes to leading Coursera), that you can earn a MBA without spending a single dollar for tuition, that the SAT is useless, that school children in Ireland code 3D worlds and use the Oculus Rift, that you should not listen to music when you learn and much more.
And Happy Easter from the EDUKWEST team!
With episode 10 of On the Ed Chris and I take the show out of alpha mode and also bring back our popular Ed NewsTicker (ENT) format.
As always we take you through the most important fundraising stories, mergers and acquisitions as well as other other news of the week of April 14.
Tuition.io, a student loan managing platform, received an undisclosed investment from Raj Date through his investment firm Fenway Summer.
Tuition.io had previously raised a $1 million Seed Round from a group of investors.
Peer-to-peer lending platform Lending Club has acquired private education and elective medical procedures financer Springstone for $140 million in cash and stock.
To finance the deal, Lending Club raised $115 million, $50 million of which are debt financing and $65 million are new equity funding from T. Rowe Price, Blackrock and others. Lending Club is now valued at $3.8 billion.
Former textbook rental juggernaut turned student hub Chegg has acquired student deal platform Campus Special for $17 million in cash and stock.
Founded in 2005, Inc. Magazine has ranked Campus Special as one of the fastest growing private companies in the US from 2011 to 2014.