San Francisco-based education company NoRedInk has secured $6 million in Series A funding. True Ventures led the round with participation from The Social+Capital Partnership, Kapor Capital and ReThink Education. In addition to the financing, Jon Callaghan of True Ventures has been added to NoRedInk’s board of directors.
In VC news this week, augmented reality company Magic Leap scooped up $542 million. Is it any wonder people are using the “b” word again?
More VCs hoping to make the grade, as investment activity in edtech picks up.
San Francisco-based education firm Minerva Project is raising $70 million in a Series B round. The investors include Benchmark Capital, TAL Education Group and ZhenFund. In addition to the funding, TAL will take a seat on the Minerva Project’s board.
Six Red Marbles, which is backed by Calvert Street Capital Partners, has named David DiFelice as chief financial officer. Previously, DiFelice worked at Strategic Savings. Headquartered in Boston, Six Red Marbles is a provider of digital and print-based learning programs and educational solutions.
Udemy, which operates a sharing economy marketplace where anyone can teach and take courses on any topic, raises $32 million in a Series C round
2U has launched its IPO of 9.175 million shares after pricing it at $13 per share. The stock began trading Friday on the NASDAQ under the ticker symbol “TWOU.” Goldman Sachs and Credit Suisse Securities are the lead underwriters. 2U builds online learning platforms. Its backers include Highland Capital Partners, Redpoint Ventures, Bessemer Venture Partners, CIty Light Capital and Novak Biddle Venture Partners.
Knowledge Delivery Systems has closed $6 million in funding. Edison Ventures led the round. Based in New York City, KDS is a provider of professional development solutions for K-12 educators.
According to a blog post on its site, General Assembly has closed $35 million in Series C funding. Institutional Venture Partners led the round with participation from investors that included GSV Capital, Rethink Education and Western Technology Investment. In addition to the funding, Todd Chaffee, general partner at IVP, will join General Assembly’s board. Based in New York City, General Assembly is a provider of educational programming and support. To read the details of the funding, visit here.
David Rubenstein, co-founder and co-CEO of The Carlyle Group, says a degree in humanities is an ideal foundation for a career in private equity.
Online education company Lynda.com has raised its first round of funding, securing $103 million in growth equity from Accel Partners, Spectrum Equity and Meritech Capital Partners. As part of the funding, Andrew Braccia of Accel and Vic Parker of Spectrum, have joined the board.
Top Hat Monocle has raised $8 million in Series A funding in a round led by Emergence Capital Partners and iNovia Capital, along with SoftTech VC, Version One Ventures (the new fund of Boris Wertz) and Golden Venture Partners. The Toronto-based education company, which has an office in San Francisco, raised $1.5 million in seed stage […]
Although few education startups have swayed the masses, VCs are once again backing tech companies focused on the sector.
Salt Lake City-based Instructure Canvas, a provider of a cloud-based learning management systems, plans to announce on Friday that it has raised $8 million in Series B funding from OpenView Venture Partners, EPIC Ventures, TomorrowVentures and Tim Draper of Draper Fisher Jurveston. As part of the funding, Firas Raouf from OpenView has joined the board. […]
