In recent years, the development of information technology has progressed in leaps and bounds. The advancement of programming techniques, rapid productivity growth of semiconductor chips, the development of special means of information transmission, as well as feedback devices (head-mounted stereoscopic displays, gloves and suits that have embedded sensors that transmit information to a computer about a user’s movements) – the culmination of these advancements have yielded a momentous technology in the shape of virtual reality.
CampusLogic, a student financial aid platform, raised a $7.5 million Series A led by Continental Investors with participation from Great Lakes Higher Education Corporation.
Founded in 2011, CampusLogic today has over 300,000 active students at 40 higher education institutions in the United States.
The Indian education technology market is a fast-growing industry, full of opportunity. It is predicted to be worth Rs 590,000 crore in FY2014-15 as reported by India Rating & Research.
It is, however, often confusing to the outsider and difficult to tackle for those not present in the country or without access to primary sources.
Civitas Learning, a data analytics platform for higher education institutions, announced that Warburg Pincus is leading a Series D of up to $60 million in the company. Austin Ventures, Emergence Capital Partners, Gera Venture Capital, Rethink Education and SJF Ventures are also participating.
Founded in 2011, Civitas Learning has raised a total of nearly $89 million. The new funding will be used to expand operations internationally and to fund strategic acquisitions.