Kaplan Edtech Accelerator
May 5, 2014
The Kaplan EdTech Accelerator is now accepting applications for its 2014 class--and the ten startups selected this time will get a little bonus. TechStars will invest $20K in each company in return for 6% equity (a fairly standard term). They will also each receive from Kaplan a $150K convertible debt note--up from $100K last year.
The ten startups in Kaplan's first class have already raised over $10M.
Applications are due May 5 for the program which will run from July 25 to October 22. Accepted companies will be announced around June 18.