VC-backed MasteryConnect buys Socrative for $5 mln

Salt Lake City-based educational technology company MasteryConnect said Thursday that it is acquiring Socrative for $5 million in cash and stock. Based in Cambridge, Mass., Socrative is a classroom engagement solutions provider. MasteryConnect’s backers include Catamount Ventures, NewSchools Venture Fund and Learn Capital.


BVP leads Series B round for BrightBytes

BrightBytes said Wednesday that it has raised $15 million in Series B funding. Bessemer Venture Partners led the round with participation from return backers that include Rethink Education and Learn Capital. Headquartered in San Francisco, BrightBytes is an educational analytics provider.

BrightBytes Raises Funds from Rethink Education

BrightBytes has announced $2.5 million in Series A funding by Rethink Education, a New York-based venture capital fund that invests exclusively in education technology startups. This funding follows the company’s raising of a $750,000 convertible note in December 2012, led by Learn Capital with participation from NewSchools Venture Fund. Matt Greenfield, managing partner of Rethink Education, will join the BrightBytes board.

Udemy Secures $12m Series B Led by Insight Venture Partners

Online education marketplace Udemy has completed a $12 million Series B financing round led by Insight Venture Partners, with additional support from existing investors Lightbank, MHS Capital and Learn Capital. This brings bringing Udemy’s total funding to $16 million. The company has also announced the hiring of Dennis Yang as president and chief operating officer.

eSpark Receives More Than $5 Mln Equity Financing

eSpark said Wednesday that it secured over $5 million in equity financing. New investors MK Capital, Learn Capital and NewSchools Venture joined existing private investors in the financing. Chicago-based eSpark provides iPad-enabled individualized student learning plans.

Ron Conway, Paul Graham Back Gamification Education Startup ClassDojo

San Francisco-based startup ClassDojo has launched out of beta an announced it has raised $1.6 million in seed funding. The company, which says it already has 3.5 million teacher and student members on its site, helps teachers manage student behavior using game mechanics. Investors include Paul Graham of Y Combinator, Ron Conway of SV Angel, […]

Benchmark, Greylock Lead $15M for Edmodo

Edmodo, a San Mateo, Calif.-based online network for teachers and students in K12 schools, has raised $15 million in Series B financing. Greylock Partners and Benchmark Capital led the round and, as a result, Greylock’s Reid Hoffman has joined the company’s board along with Benchmark’s Matt Cohler. Edmodo’s existing investors include Union Square Ventures and Learn Capital, the company said.

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