US Edtech Brings in $91M in August


US Edtech Brings in $91M in August

Sep 12, 2015

KA’CHING! US education technology companies raised $91 million in August 2015, according to analysis by EdSurge. The funding was spread across 18 different deals; at least 33 unique investors participated.

Coursera led the way in August funding with its $49.5 million in Series C led by New Enterprise Associates with participation from previous investors Kleiner Perkins Caufield & Byers, International Finance Corporation, GSV Asset Management and Learn Capital. A provider of massive open online courses, Coursera now boasts over 1,100 courses from 121 universities, about half of which are outside the US. Amongst the company’s priorities with this fresh round of funding is expanding offerings and localizing content to international students, particularly in Asia. Chief executive Rick Levin is confident that the company will be profitable by 2019.

Other big winners included $12 million in Series A money to Panorama Education, which offers survey tools currently used by 6,500 schools across 40 states to gather feedback on everything from student engagement to school safety and parent involvement. Bellevue, Washington-based Dreambox Learning brought in $10 million to scale its gamified, adaptive math platform for K-8 students. Investments in Panorama Education and Dreambox Learning were both led by Owl Ventures, which last month announced the launch of its $100 million education investment fund. Rounding out the month’s top deals is another adaptive math platform, Front Row Education, which scored $5.3 million in Series A funding to grow its user base beyond 1.3 million students across 20 countries.

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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