Tag Archives: higher education

Udacity Series D FUNDED 11 2015 EDUKWEST

FUNDED: Udacity raises $105 million Series D

Former MOOC turned tech education platform Udacity raised a $105 million Series D, valuing the company at $1 billion. German media, services and education company Bertelsmann increased its stake significantly, making it one of the largest shareholders in Udacity.

Udacity partners with tech firms like Google, Facebook and Amazon to develop so called Nanodegrees that train employees specific tech skills needed for different jobs in the technology sector.

In September Bertelsmann combined its education activities into a separate business unit, Bertelsmann Education Group. Earlier this month Bertelsmann invested $230 million in HotChalk.

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Schoology Series D FUNDED 11 2015 EDUKWEST

FUNDED: Schoology raises $32 million Series D

Schoology, a LMS for K-12 and higher education, has raised a $32 million Series D led by JMI Equity with participation from existing investors FirstMark Capital, Intel Capital, and Great Road Holdings. The company has raised a total of $57 million.

Founded in 2009, Schoology is used in more than 130 countries, reaching over 12 million users. In the past year Schoology added over 400 enterprise customers, surpassing 1000 institutions in K-12 and higher education.

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Bertelsmann HotChalk FUNDED 11 2015 EDUKWEST

FUNDED: Bertelsmann invests $230 million in HotChalk

Bertelsmann continues to expand its education portfolio. The media, services and education company announced that it will invest $230 million in higher education solutions provider HotChalk. Through the investment Bertelsmann will become the largest stockholder of the company.

In September Bertelsmann combined its education activities into a separate business unit, Bertelsmann Education Group.

HotChalk provides universities with the tools to bring their degree programs online. Founded in 2004, HotChalk raised a $5 million venture round in 2008.

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OP-ED higher education not sustainable

Our Higher Education Model is not Sustainable

Sustainability is not merely an environmental ambition, focused on EPA-administered programs and “small footprint” tips and tricks for changing lifestyles. Sustainability, literally, is about doing things in a way that ensures they can continue to be done indefinitely.

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Instructure IPO S-1 FUNDED 10 2015 EDUKWEST

FUNDED: Instructure files for $75 million IPO

Instructure filed a S-1 form with the Securities and Exchange Commission, aiming for a $75 million IPO.

Founded in 2008, Instructure has raised close to $80 million in venture capital including a $40 million Series E in February. The two main products are the Canvas LMS for K-12 and Higher Education, and Bridge which targets corporate clients.

More details on Education Week and 24/7 Wall St.