Yesterday the team of Imagine K12 announced that the edtech accelerator would merge with Y Combinator to form a dedicated edtech vertical. The merger has been in the works for about a year and with Imagine K12’s first fund ending, Geoff Ralston and Tim Brady made the decision to join Y Combinator.
School messaging app Remind (formerly Remind101) announced a $40 million Series C on Tuesday, bringing its total funding raised close to $60 million.
The round was a so called inside round with no new investors which can be interpreted in several ways. One option is that the startup has problems and investors need to inject more money to keep it afloat, another is that the startup aims for a higher valuation and needs more runway to achieve some milestones.
In Remind’s case the two main investors seem to be interested not to dilute their ownership by allowing others to chip in.
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.
MasteryConnect which provides teachers with a suite of assessment products acquired Socrative, a startup that creates tools for classroom engagement, for $5 million in cash and stock.
Both startups took part in the imagine K12 incubator program and have NewSchools Venture Fund as their investor. MasteryConnect raised $9 million to date, Socrative $760k.
LearnSprout announced that it has raised a $4.2 million Series A from Formation 8, Samsung Ventures and Justin Tan, former president of Blackboard.
The round already closed in August 2013 and was announced today together with the launch of a new feature called College Readiness Dashboard.