​US Edtech Brings in $73M in July

KA’CHING: US edtech raised $73M in July 2015, according to analysis by EdSurge. The funding was spread across 14 different deals; at least 43 unique investors participated.

BrightBytes leads the way in July funding with its $33M in Series C led by Insight Venture Partners with participation from previous investors Bessemer Venture Partners, Learn Capital and Rethink Education. The company’s Clarity platform, which helps K-12 administrators and school leaders align school spending with learning outcomes, is currently being used in about 1 in 5 schools in the United States. This funding round brings BrightBytes total funding to $51.5M. BrightBytes will use the funds to grow internationally and grow its engineering and customer success teams.

Other big winners included $9.7M in Series A money to Acrobatiq, which is developing adaptive courseware for personalized learning. Ann Arbor-based XanEdu brought in $8.1M in funding to scale its corporate learning and development business. Rounding out the month’s top deals is another post-secondary focused startup, mLevel, which scored $5.3M in Series A funding to deliver employee training through engaging games and activities.

Interested in learning more about these and other US and ex-US edtech deals? Subscribe today to our monthly Ka’Ching reports, and stay tuned for more edtech funding info in our weekly newsletters.

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

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