Edtech Business

FINANCING

Kaching! News of who is getting funded, who is doing the funding and trends in financing education technology companies


Enterprise Language Learning Startup Lingo Live Raises $5.2 Million
LINGO LIVE, a New York-based startup offering an online marketplace of language instructors, has raised $5.2 million in a Series A round led by Owl Ventures. Founded in 2014, the company tailors its offerings to the corporate world and counts Eventbrite, Holiday Inn and Twitter among its customers...
ClassWallet Gets Minority Investment to Help Schools Manage Funds
CLASSWALLET, a Hollywood, Fla.-based developer of a tool that helps schools collect, manage and disburse funds, has raised an undisclosed “minority investment” from private equity firm Brentwood Associates. Founded in 2014, ClassWallet claims users in more than 850 schools in districts including Los Angeles Unified...
Children’s ‘Scheduling Watch’ Raises $1.5M in Seed Round
OCTOPUS: Big Brother may be watching you—in the form of a watch. Octopus an “interactive scheduling watch” made by edtech company JOY, has raised $1.5 million in a seed round. The funding comes after the company already crowdsourced nearly $1 million in 2016, and will help fund the company’s children’s wearable product...
Israeli Startup GradTrain Raises $500K to Help Students Applying to US Schools
GRADTRAIN, a Jerusalem, Israel-based developer of a predictive analytics platform that aims to help students get accepted to U.S. schools, has raised $500K in a seed round. Investors were not disclosed. The company also matches prospective students with coaches to guide them through the school search and application process...
Fullstack Academy Invests $20K in Alumni Startup Aiming to Match Teachers with Jobs
SELECTED: How’s this for a graduation gift? Fullstack Academy, a coding bootcamp based in New York City, has invested $20K in Selected, which aims to match teachers with job openings. The company claims it can match teachers with one of over 200 public can private NYC schools in under two minutes...
Google.org Doles Out $30M to Support Education Nonprofits
GOOGLE GIFTS: Google.org recently doled out $30 million in grants to “nonprofits to bring phones, tablets, hardware and training to communities that can benefit them the most,” according to the company’s blog. Roughly $5 million will be used to fund technology requests on DonorsChoose...
Online English Learning Program Receives $1.3M from Kirihara Shoten K.K.
ENGLISH CENTRAL: Online English learning program EnglishCentral has received $1.3 million in an investment round led by Japanese textbook provider Kirihara Shoten K.K.. According to a press release, the money will be used to integrate EnglishCentral’s video- and online-based English language course modules with Kirihara Shoten textbooks, which are used in more than 400 high schools in Japan...
Whiteboard App Explain Everything Raises $3.7M in Series A2 Round
EXPLAIN EVERYTHING, an interactive whiteboard app that lets users draw, write and learn on mobile devices, has raised $3.7 million in a Series A2 round led by London-based EBRD Venture Capital Investment Programme. Previous investors Credo Ventures, New Europe Ventures and RTAventures also participated in the round...