KA’CHING: US edtech raised $64M in December 2015, according to analysis by EdSurge. The funding was spread across 12 different deals; at least 46 unique investors participated.
Noodle Companies led the way in December funding with its $28M in Series A funding. The New York-based company is launching an education products and services marketplace to connect K-12 educators with vendors, with the goal of streamlining the discovery and procurement process. The company is founded by John Katzman who previously started The Princeton Review and 2U.
Epic! brought in an $8M Series B round. Founded in January 2013, Epic! offers kids 12 and under (or their parents) an all-you-can-read subscription to over 10,000 books for $4.99. Currently available as an iPad app, Epic! offers features such as badged, reading logs and personalized recommendations. Salt Lake City-based Brainstorm Inc. raised $6.4M in Series A funding to help companies teach and train their employees on how to use other proprietary software. Rounding out the month’s top deals is EdFinTech company Allovue, which scored $5.1M in Series A funding to grow its customer succes and leadership team. Allovue makes “Balance”, an accounting platform for school districts, which the company launched this year.
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Editor’s note: This analysis does not include mergers & acquisitions.
