US Edtech Raises $54.9M in December 2014


US Edtech Raises $54.9M in December 2014

Jan 29, 2015

KA’CHING: US edtech companies raised $54.9M in December of 2014, according to analysis by EdSurge. The investment was spread across 11 deals and involved more than 21 unique investors.

School Operations tool Clever scored the most funding in December with its $30M Series B round. The funding was led by Lightspeed Venture Partners and joined by GSV Capital, Peter Thiel and existing investor Sequoia Capital. Clever’s products make it easy for schools to create and manage student accounts. The company has now raised over $43M.

Other big deals in December included Evanston, IL-based Everspring. The company scored $10M to help universities offer online courses. Its round was led by Carrick Capital Partners and Accretive and brings Everspring’s total funds raised to $36M (and $20M in 2014 alone).

Iowa-based Higher Learning Technologies also raised a $5.5M Series A round from undisclosed investors. The company develops a group of mobile test prep apps for professional exams like the Dental Boards or MCAT. The Series A raise comes on the heels of $1M in seed funding in January 2014.

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.

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