US Edtech Brings in $74M in April


US Edtech Brings in $74M in April

May 19, 2016

KA’CHING: US edtech raised $74,000,000 in April 2016, according to analysis by EdSurge. The funding was spread across 10 different deals; at least 34 unique investors participated.

ClassDojo lead the way in April funding with its $21M in funding. A graduate of Imagine K12’s first class, ClassDojo’s offerings have expanded beyond its initial classroom management tool, which let teachers award virtual points to students based on their behavior. In recent years, the startup has launched Class Story—an “Instagram for the classroom” that lets teachers and principals share announcements, pictures and videos from school with parents, and a series of animated videos about the “growth mindset.”

Other big winners included $16M in Series B money to EdCast. Founded in 2013, EdCast offers a mobile platform through which schools, companies and individuals can teach bite-sized courses (dubbed “SmartBites”). This funding followed a $6 million Series A round in September 2014, and boosted EdCast’s funding total to $22 million. Burlingame-based GotIt raised $9M in Series A funding from Capricorn Investment Group and Jeff Skoll, co-founder of eBay, reported VentureBeat. GotIt provides students with on-demand 1:1 tutorial sessions to help students with certified experts.

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