KA'CHING!: US edtech companies raised over $108.2 million in September 2014, according to analysis by Edsurge. More than 41 unique investors participated in 10 deals.
Topping the list of US funding in September was Remind, maker of the popular app designed to connect teachers and parents. The San Francisco-based company received $40 million in Series C funding from a variety of investors.
Other big US deals included MOOC platform Udacity’s $35 million Series C raise and Mastery Connect’s $15.2 million Series B raise to help the company better track student mastery of standards. Salt Lake City-based Mastery Connect follows Pluralsight to be the second Utah company in as many months to nab a top three spot in US edtech funding.
“Just $108 million?” we can hear you asking. “Didn’t some mining company get bought by a glass manufacturer?” You remember correctly, but this analysis excludes mergers and acquisitions, and thus does not count Microsoft’s $2.5 billion takeover of Minecraft’s parent company Mojang. But to put things in perspective, Microsoft’s outlay for Minecraft is more than 2.5 times the total funding that the rest of the industry has received year-to-date in 2014. Wow.
Read more about US VC deals and check out some of the most noteworthy international deals in this month’s Ka’Ching report.