US Edtech Brings in $189M in November

KA’CHING: US edtech raised $188.9M in November 2014, according to analysis by EdSurge. The funding was spread across 13 different deals; at least 27 unique investors participated.

In a month which, peculiarly, saw no deals closed in what EdSurge classifies as Curriculum Products or Teacher Needs tools, messaging app Yik Yak led the way with a $62M venture round. Yik Yak provides an anonymous, location-based messaging app for students. The $62M raise follows two previous 2014 rounds and brings the company’s total for the year to $73.5M raised.

Other big deals in November included a $50M series D raise for Colorado-based Craftsy. The company runs an online marketplace for crafting projects, lessons and materials. Evernote finished the top three with its $20M investment from Japanese media company Nikkei Inc.

Interested in learning more about these and other edtech deals, both inside and outside of the US? Subscribe today to our monthly Ka’Ching reports, or sign up for our Innovate newsletter for a weekly dose of funding information.

Editor’s note: This analysis does not include mergers & acquisitions.

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