U.S. EdTech Companies Raise $154M in August

U.S. EdTech Companies Raise $154M in August

KA’CHING!: US-based edtech companies raised $153.9 million in August of 2014, according to analysis by EdSurge. The funding was spread over 16 separate deals; more than 36 individual investors participated in the funding.

The totals can be deceiving, however: In an example of outliers seemingly straight out of a statistics textbook, Pluralsight’s $135M Series B round accounted on its own for nearly 90% of August’s funding. Utah-based Pluralsight is a library of tech and creative learning courses.

Other big U.S. winners included Greenwood Hall, which raised $8M in Series A funding to support its efforts managing customer relationships for post-secondary institutions. Boston-based LTG Exam Platforms received $3M in seed funding to continue expanding its test prep apps.

This analysis excludes Canada-based Desire2Learn and its $85M in Series B funding. For more information on that and other non-U.S. deals, as well as additional information and analysis, subscribe to our monthly Ka’Ching reports. 

NOTE: Mergers & acquisitions are not included in this analysis.

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