US Edtech Funding Keeps Rolling: $350M Raised in Q3 2015


US Edtech Funding Keeps Rolling: $350M Raised in Q3 2015

Nov 5, 2015

KA'CHING QUARTERLY: In Q3 2015, US edtech companies raised $350 million, up 9% from total funding reported in Q3 of last year. General Assembly’s $70 million fundraise lead all deals in Q3, followed by Civitas Learning’s $60 million Series D.

Funding volume, in terms of both deals and dollars, dipped from Q2 2015. Forty-nine separate deals were reported in Q3, down slightly from 54 last quarter. Investment dollars in K-12 edtech companies declined from $184 million in Q2 2015 to $100 million in Q3. In Q2, big rounds in AltSchool ($100 million) Duolingo ($45 million) fueled the strong showing. The largest K-12 deals in Q3 were significantly smaller: BrightBytes raised $33 million in July and Panorama Education raised $12 million in August.

These funding figures exclude the massive round of funding in Q3 from SoFi ($1 billion) While the company operate in education, it does not count technology in education and learning outcomes as its core business.

Want more details? Get more insights into edtech financing trends—and the next companies poised to grab market share—in the newly launched Ka'Ching Quarterly Trends reports. Each report includes financing trends by company and location, investment breakdown by category and round analysis, as well as competition analysis by edtech category. Get your subscription here!

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