Tales2Go scores $2.4 mln Series A

Tales2Go Inc has closed $2.4 million in Series A financing. The investors in this round included NewSchools Venture Fund and the Maryland Venture Fund. In addition to this financing, the company has named Richard Barth, CEO of the KIPP Foundation, to its board of directors. Based in Bethesda, Maryland, Tales2Go is a provider of audio books for early childhood programs.


LocoMotive powers forward with $4 mln Series A

LocoMotive Labs, a Berkeley, Calif.-based developer of educational apps for young elementary students, has raised a $4 million Series A financing round co-led by Softbank Ventures Korea and TAL Education Group. Also participating in the round are existing investors K9 Ventures, Kapor Capital, NewSchools Venture Fund, Joe Gleberman, D3Jubilee and Jerry Colonna. The company has now raised $5.15 million in funding to date. As part of the Series A, Sean Lee of Softbank Ventures Korea has joined the board.


FreshGrade picks up $4.3 mln seed

FreshGrade said Friday that it has closed $4.3 million in seed funding. The investors were NewSchools Venture Fund, Emerson Collective, Accel Partners and The Social+Capital Partnership. Headquartered in Kelowna, British Columbia, FreshGrade is an educational resource for administrators, teachers and parents.


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.

NewSchools Venture Fund hires new CEO

NewSchools Venture Fund has named Stacey Childress as CEO.  She is joining NewSchools from the Bill & Melinda Gates Foundation. Headquartered in Oakland, Calif. and with offices in Boston and Washington, D.C., NewSchools is a nonprofit venture philanthropy firm focused on public education for underserved students.

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.

First read sunrise

peHUB First Read

Kick off Thursday morning with the latest on Cerberus’ new fund; Zombies taking advantage of PE’s weakness and Yahoo’s acquisition of to-do app maker Astrid.


Zynga & NewSchools Venture Back San Francisco Ed Tech Accelerator

Zynga and the NewSchools Venture Fund joined forces Wednesday to unveil an ed-tech accelerator aimed at assisting young companies developing games to help students learn. Zynga.org, the game maker’s non-profit arm, said it plans to invest $1 million in the effort in its first year

Social Venture Fund Provides Seed Funding to Mytonomy

Social Venture Fund, a student-led, Ann Arbor, Michigan-based “impact investing” fund that’s closely affiliated with the University of Michigan, has participated in a seed-stage financing for Mytonomy, a video storytelling platform for college and career advising. Other investors include NewSchools Venture Fund and Kapor Capital. Social Venture Fund makes investments of up to $100,000. Terms of the Mytonomy deal were not disclosed. Two-year-old Mytonomy is based in Washington, D.C.

LearnZillion Raises $7M From DCM, O’Reilly, NewSchools, Others

LearnZillion said it raised $7 million of Series A funding in a deal led by DCM and joined by O’Reilly Alpha Tech Ventures, NewSchools Venture Fund, Calvert Social Investment Fund, and D.C. Community Ventures. The new round brings total funding to date to $9.4 million. The company raised a $2.4 million seed round.

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.

EdSurge Raises $400K From Washington Post, NewsSchools, Estrin, Others

EdSurge said it raised $400,000 of seed funding from institutional investors Washington Post Co. and NewSchools Venture Fund, and from angel investors Nancy Peretsman and Gillian Munson, Allen & Co. executives, O’Reilly Media executive Dale Dougherty, and Silicon Valley entrepreneur Judy Estrin. EdSurge, a news site covering education technology, previously received grants from the Bill […]

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, […]

Grockit Inks $7M Series D

San Francisco-based social learning startup Grockit has raised $7 million in Series D financing led by Atlas Venture. Benchmark Capital and Integral Capital Partners, both return investors, also participated in the round, along with new investors NewSchools Venture Fund and GSV Capital Corp. With a total of $24 million in financing, Grockit will use the money for growth.

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