Avagmah

HEDLINE: TutorVista Founder Krishnan Ganesh acquires Avagmah

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.

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Function Space

HEDLINE: Function Space raises Seed Round from Nexus Venture Partners

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.

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EDUKWEST Monday Ristretto

Monday Ristretto: Loans, Deals and Messages

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.

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EDUKWEST Sunday Review

Sunday Review for the Week of April 14th 2014

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!

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student loans

One Trillion Problems but a Loan ain’t One – ENT #22 04-18-2014

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.

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Lending Club

HEDLINE: Lending Club acquires Springstone Financial for $140 million

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.

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on the search for better education