A daily newsletter summarizing recent activity & interesting start-ups globally

RECENT NOTABLE ACTIVITY – ED TECH

  • Tinkergarten, Enables of children’s education through outdoor activities, has raised $5.4M USD in Series A funding from Owl Ventures, Omidyar Network and Reach Capital. Link
  • Leverage, an online college admission platform, has raised an undisclosed amount in Angel funding from Arjun Mehta, Satish Kaul, Deepak Jain and Sadashiva NT. Link
  • Sawyer, Provider of class passes for kids, has raised $6M in Series A funding from Advance Venture Partners, Chan Zuckerberg Initiative, 3311 Ventures, Female Founders Fund and Collaborative Fund. Link
  • A Cloud Guru, AWS certification courses and training provider, has raised $8.84M in Series A funding from Elephant Venture Capital.Link
  • Zhixiaole, an AI based educational robot for children, has raised $10M in Series A funding from Qiming Ventures, GGV Capital and Yinghua Capital. Link
  • Liulishuo, an English language learning app, has raised $100M in Series C from Shuanghu capital investment, IDG Capital Partners, GGV Capital and Cherubic Ventures. Link
  • Project Mudra, a mobile application and software for braille learning, has raised $201.5K in Angel funding from Rajesh Navaneetham and Anand Mahindra. Link  
  • Signal Vine, a communication app for schools and universities, has raised $2M in Series A funding from New Markets Venture Partners.Link
  • Picmonic, a Visual learning platform for medical students, has raised $100K in Series A funding from undisclosed investors. Link
  • Duolingo, a crowdsourced text translation and language learning platform, has raised $25M in Series E funding from Drive Capital. Link
  • Byju’s Classes, Provider of online courses for competitive test preparation & supplementary courses for K-12 students, has raised $40M in Series C funding from Tencent. Link
  • Grovo, a learning management system for enterprises, has raised $11.3M in Series C funding from Undisclosed Investors. Link
  • Aspen University, an online degree programs provider, has raised $10M in Conventional Debt from Runway Growth. Link
  • PalmDrive, a foreign education mentor platform, has raised an undisclosed amount of funding in Series A from Northern Light Venture Capital. Link
  • mLevel, a game based professional learning provider, has raised $2.2M in Series B funding from BIP Capital. Link
  • DesignLab, an online training program for design skills, has raised $285K in Conventional Debt from undisclosed investors. Link
  • WealthyLife, Financial literacy and workforce development EdTech games provider, has raised $200K in Seed funding from undisclosed investors. Link
  • CareAcademy, a professional training provider for caregivers, has raised $1.9M in Seed funding from undisclosed investors. Link
  • Kahoot, a blended learning platform for schools, has raised $10M in Series A funding from Microsoft Ventures, Creandum and Northzone. Link
  • PlayAblo, a gamified app for learning K-12 Maths & English, has raised $600K in Seed funding from ABI-Showatech. Link
  • KickUp, a professional development platform for teachers through collaborative learning, has raised $730K in Seed funding from Reach Capital and Red House Education. Link
  • DataCamp, an online data science courses provider, has raised $4M in Series A funding from Arthur Ventures. Link
  • HFJY, an online one-on-one tutoring platform, has raised an undisclosed amount in Series B funding from 01VC and Yonghua Capital.Link
  • Learnerbly, an online platform to provide employee training, has raised $2.1M in Seed funding from Frontline Ventures, Playfair Capital, Future Planet Capital, Renaud Visage, Claire Davenport and Stephan Thoma. Link
  • Expert360, an online freelance marketplace, has raised $10M in Series B funding from AirTree Ventures. Link
  • Qidianla, an online platform for professional learning courses, has raised $3.3M in Series A funding from Tedu. Link
  • Execonline, a B2B online training provider, has raised $15.9M in Series B funding from NewSpring Capital, Osage Partners, New Atlantic Ventures, Kaplan Ventures and Thomas Lehrman. Link
  • TheMednet, a physician only Q&A based community platform, has raised $1.3M in Seed funding from  Endure Capital, Lumia Capital, Bonnie J. Addario Lung Cancer Foundation, Charlie Cheever, Jared Friedman, Paul Buchheit and Peter Pham. Link
  • PeopleGrove, a career mentorship platform for schools, has raised $1.8M in Seed funding from Reach Capital, Bisk Ventures, Collaborative Fund, Floodgate Fund, GSV, LaunchCapital, Riverpark Funds and University Ventures. Link
  • Bloomz, a communication app for teachers and parents, has raised $605K in Seed funding from undisclosed investors. Link
  • Terra Dotta, a higher education SaaS provider, has raised $3.3M in Seed funding from undisclosed investors. Link
  • TimoKids, Games and stories providers for kids, has raised $75K in Seed funding from Parallel18. Link
  • M-Shule, a mobile-based adaptive learning platform, has raised an undisclosed amount in Seed funding from EWB Canada. Link
  • Xiaoyangedu, a cloud-based learning network platform, has raised an undisclosed amount in Series A funding from Yunqi Partners.Link
  • VidCode, a coding platform for schools, has raised $1.5M in Seed funding from ZhenFund, Rethink Education, Y Combinator, Coventure, Cherry Ventures and BrainPOP. Link
  • Clark, a software solution for tutors to manage operational activities, has raised $2M in Seed funding from Lightspeed Venture Partners.Link
  • Mingshi Education, Tutoring service for K-12 students, has raised $10.1M in Series C funding from Morgan Stanley and songfa.comLink
  • QingClass, a mobile app for language training, has raised $4.9M in Series A funding from Matrix Partners China and Tencent. Link

SOME INTERESTING STARTUPS FOUND

Teachat (2016, Vienna) – Parent teacher conferencing and communication platform.

LEADER BOARD – ED TECH

Pre-K
Huivo (2011, Beijing, $47.3M) – Interactive teaching system, smart classes and a teaching app that aims to provide education solutions for kindergartens. Backed by TAL Education Group, YY and Fosun Kinzon Capital.
51110 (2011, Fuzhou, $30M) – an oOnline platform which helps parents in monitoring their child in kindergarten schools. Backed by China equity.
Fancy Education (2014, Shanghai, $28.5M) – Educational products, which includes teaching management, handheld devices, kindergarten libraries. Backed by Amoeba Capital.
SavvySource (2008, SF, $28.4M) – Online community for parents of Pre-K kids, Backed by undisclosed investors.
Speakaboos (2008, NYC, $25.2M) – Subscription-based interactive storybooks, Backed by Advancit Capital, 212Media, KYOWON, KYOWON creative and Wellington Management.

K-12
EverFi (2008, Washington D.C., $251M) – Platform for teaching and certifying programs on critical skills. Backed by NEA, TomorrowVentures, Silicon Valley Bank, Allen & Company, Advance, Bezos Expeditions, Greenspring Associates, TPG, Rethink Education, Seavest Investment Group, Main Street Advisors, Rethink Impact and The Rise Fund.
Yuanfudao (2012, Beijing, $244.2M) – Online test preparation platform for K-12 students, Backed by IDG Capital Partners, Tencent, New Horizon Capital, K12, Matrix Partners China, Warburg Pincus and China Media Capital.
Byju’s Classes (2008, Bangalore, $244M) – Hybrid test preparation & learning platform. Backed by  Lightspeed Venture Partners, Sequoia Capital, IFC, Times Internet, Sofina, Aarin Capital, Tencent, Verlinvest, InnoVen Capital and Chan Zuckerberg Initiative.
Xuele Yunpingtai (2006, Hangzhou, $221.4M) – Cloud-based teaching platform. Backed by GSR Ventures, Haitong International Securities Group and Shenzhen GTJA Investment Group.
Knewton (2008, NYC, $157.3M) – Personalized adaptive learning platform. Backed by Accel Partners, First Round Capital, Bessemer Venture Partners, FirstMark Capital, Atomico, Founders Fund, Silicon Valley Bank, GSV Capital, Sofina, EDBI, Pearson, TAL Education Group and Mosaic Ventures.

Test Preparation
Huatu (2001, Beijing, IPO) – Tutoring platform having offline delivery centres. Backed by Fortune Venture capital.
Zhan (2010, Shanghai, $113M) – Online courses for students applying to overseas universities. Backed by Shunwei, GGVC, MCM China, Baifund, VKC Partners and Sequoia Capital.
Princeton Review (1981, NYC, $87M) – Online test preparation for higher education. Backed by Bain Capital Ventures, Reservoir Capital & Olympus Partners.
Varsity Tutors (2007, Washington D.C., $57M) – Offline and local tutoring and test preparation service. Backed by Technology Crossover Ventures.
Koolearn (2000, Beijing, $48.7M) – Online classes and training for various subjects. Backed by Tencent.

Higher Education
Blackboard (1997, Washington D.C., IPO, Acq.) – Learning management system for educators, corporates and public sectors. Went public in 2004. Acquired by Providence Equity Partners in 2011 for $1.64B.
2U (2008, Annapolis, IPO) – Virtual classroom platform provider for colleges and universities. Went public in 2014.
Instructure (2008, Salt Lake City, IPO) – Cloud-based learning management system for K-12 schools, universities and corporates. Went public in 2015.
Chegg (2005, Santa Clara, IPO) – Online tutoring and textbook rental company. Backed by Floodgate, Primera Capital, Insight Partners, KPCB, Foundation Capital, Lucasvg, Acegroup, Gabriel venture partners and GSV cap.
HotChalk (2004, Campbell, $245M) – Virtual classroom platform for universities. Backed by Bertelsmann and Peacock Equity.

Corporate Learning
Kaltura (2006, NYC, $160M) – Open source online video platform that allows companies to simplify the creation of video experiences via video management, publishing, and monetization tools. Backed by Nexus Venture Partners, 406 Ventures, Goldman Sachs, Intel Capital, Silicon Valley Bank, Nokia Growth Partners, Avalon Ventures, Mitsui Global Investment, ORIX, Commonfund, Gera Venture Capital, Luminari Capital and Sapphire Ventures.
Echo360 (2007, Dulles, $89.5M) – Online platform for the schools to upload their live lectures for free with full and unbound access to the students via multi-platform replay. Backed by Revolution, Court Square Ventures, Clark Enterprises, SCP Partners, Duchossois Capital Partners and Swan & Legend Venture Partners.
Grovo (2010, NYC, $73.3M) – SaaS-based learning management system for employee training. Backed by Accel Partners, Lead Edge Capital, SoftTech VC, Western Technology Investment, Costanoa Venture Capital, Red Swan Ventures, Industry Ventures, Milestone Venture Partners, Social Starts, Vayner/RSE, Lerer Hippeau Ventures and BoxGroup.
Catalant (2013, Boston, $73M) – On-demand management consulting service provider. Backed by Greylock Partners, Highland Capital Partners, General Catalyst Partners, Suffolk Equity Partners and GE Ventures.
Panopto (2007, Pittsburgh, $46.8M) – Digital media recording and content management company. Backed by Runa Capital, SaaS Capital, Sterling Partners, Square 1 Bank and Saturn Partners.

Continued Learning
Tedu (2002, Beijing, IPO) – Job-oriented live distance education, classroom-based tutoring and online learning courses for IT professional training. Went public in 2014.
Lynda (1995, Carpinteria, $289M, Acq.) – Online video courses in software, creative and business skills. Backed by Accel Partners, Spectrum Equity, Meritech Capital Partners and TPG Capital. Acquired by LinkedIn in 2015 for $1.5B.
Coursera (2012, CA, $210.1M) – Massive Open Online Courses (MOOC) provider. Backed by University of Pennsylvania, NEA, IFC, KPCB, Times Internet, GSV Capital, Learn Capital, Laureate, EDBI, California Institute of Technology, Designer Fund, GSV Asset Management and GSV Financial Group.
Pluralsight (2004, Cedar Valley, $205.4M) – Online video courses in programming and creative learning. Backed by Insight Venture Partners, Iconiq Capital, Felicis Ventures and Sorenson Capital.
Udemy (2010, SF, $173M) – Marketplace for online courses. Backed by 500 startups, MHS capital, Light Bank, Learn Capital, Insight Partners, New Venture Partners, Stripes Group and Naspers.
General Assembly (2011, NYC, $173M) – Online and offline courses in technology, business and design streams. Backed by Advance Publications, Wellington Capital Management, IVP, Learn Capital, Maveron, Rethink Education and GSV Capital.

Language Learning
51Talk (2011, Beijing, IPO) – Online English language learning platform providing one-to-one foreign language teacher service. Backed by DCM Ventures, Shunwei, Sequoia Capital, and Zhenfund. Went public in 2016.
TutorGroup (2004, Taiwan, $315M) – Online tutoring platform for learning English. Backed by Alibaba, Qiming Ventures, Temasek, Goldman Sachs, GIC, Russia-China Investment Fund, Silverlink Capital and Softbank Finance Group.
Hujiang (2001, Shanghai, $257M) – Language learning platform focussed on China. Backed by Baidu, Anhui new media, Marseille Fund, Softbank China, Pantheon Ventures and Hina.
VIPKID (2013, Beijing, $125M) – Online English tutoring platform. Backed by Sequoia Capital, Sinovation Ventures, YF Capital, Matrix Partners China, Northern Light Venture Capital and Bryent Stibel.
Open English (2006, Miami, $118M) – Online platform providing live English classes, Backed by Insight Venture Partners, Redpoint Ventures, Technology Crossover Ventures, Flybridge Capital Partners, Kaszek Ventures and Ideasy Capital.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates, visit the EdTech feed.

Leave a Reply