EdTech Europe News

EdTech Ventures: Funds & Deals from January Week 1 & 2

Posted by Admin on Jan 14, 2015

Every two weeks, we summarize all notable fundraising announcements and merger and acquisition deals for notable education companies worldwide. We provide key details about each transaction for this to be a helpful resource to keep track of all EdTech fundraising and M&A ventures worldwide.  

Edition 1: Focusing on the first two weeks of January 2015, from the 1st until the 14th. 


Fundraising

CampusTap closed US $500K in Seed Funding for Higher-Ed Social Network

CampusTap.png

    U.S. | 05/01/2015 | via Boston Business Journal
      • Private social network for colleges founded in 2013
      • Round led by American angel investors based in Boston, MA 
      • Funds will be used for product development, team expansion for the mobile application 
 
NetDragon Online Raises US $52.5 million in Series A Funding

Netdragon.jpg

  China | 06/01/2015 | via PR Newswire
      • Provider of massively multiplayer online role-playing games (MMORPGs), an online gaming portal, and the most popular smartphone app store platform
      • Aims to leverage mobile internet technologies to improve lifelong education ecosystems
      • Investors include IDG Capital Partners, Vertex Ventures, and Chinese animation producer Alpha Animation
      • Using this new round of funding to increase product development of their online/mobile education platform
 
  e-torial.jpegYouTube Video Tutorial Provider e-Torial Raised Undisclosed Seed Round
    U.S. | 07/01/2015 | via CrunchBase 
        • Content platform for educational videos, charging $5 for 40 minutes worth of subject specific content 
        • Head-quartered in SF, seed round is presumed to be raised from all U.S. investors 
 
FlatWorld.png EdTech and Content Company Flat World Raised $5M for Competency Based Programmes
    U.S. | 13/01/2015 | via EducationDIVE
        • Creates digital textbooks that are peer reviewed and updated in real-time
        • Launched first iPad "mobile-adaptive-social" accredited degree with a tuition of U.S. $10,000
        • Washington, DC-based company grew its client base by 300% in 2014 
        • Fundraising came in two parts, $5m in January 2015 and $9.5 million in December 2014
 
Thinkful.pngOnline Programming Educator Thinkful Raised $4.25 million 
     U.S. | 14/01/2015 | via TechCrunch
        • Offers online continuing education services for programmers and developers
        • Currently 3000 students enrolled with 2 or 3 month 'bootcamp' classes, ranging from U.S. $300 to $2000 
        • High completion rates of 70%, driven by 250 engineering teachers 
        • Latest funding round led by Floodgate Fund in addition to RRE Ventures and Quotidian Ventures  
 
Lynda.jpeg Online Learning & Video Library Lynda.com Raised $186 million in New Funding Round 
     U.S. | 14/01/2015 | via TechCrunch
        • Offers online personal and professional continuing education services
        • Follows a $100 million initial investment from Accel Partners, Spectrom Equity and Meritech
        • Focusing on three potential acquistion targets as well
        • Provies 5,700 classes with 255,00 videos in English, French, German and Spanish 

Mergers and Acquisitions

 
Excelligence.jpg 
 Brentwood Associates Acquires Excelligence Learning Corporation 
     U.S. | 06/01/2015 | via BusinessWire
        • Excelligence is one of the largest educational product distributors in the United States 
        • Offering over 20,000 products for children, ranging from infancy to 12 years of age
        • 5th acquisition in 2014 for Brentwood Associates Private Equity V, L.P.
 
InResonance.png SchoolYard.png Business Solutions Provider inResonance Acquires Website Creator Schoolyard
     U.S. | 06/01/2015 | via THEJournal
        • inResonance, creator of FileMaker platform for schools 
        • Schoolyard, designs websites for schools using open source Drupal
        • Will combine information and communications through a single sign-on and open, customizable solutions from both products 

Elsevier.jpeg

Newsflo.png  Elsevier Acquires Media Monitoring Company Newsflo
     U.S. | 13/01/2015 | via PR Newswire 
        • Elsevier offers information solutions for the science, health, and technology industries 
        • Newsflo, UK company offering analytics and tracking software to document academic publications and published research 
        • Newsflo currently tracks over 55,000 international media outlets to cultivate trends and intelligence via media mentions
        • Acquisition is immediate, financial terms are non-disclosed 

 


EdTech Venture to Watch:

Netdragon.jpg NetDragon Online 

 

Only two weeks into 2015, there has been already been a significant amount of coverage focusing on the emerging Asian EdTech industry. As such, this week's the EdTech Venture to Watch is NetDragon Online. The varied group of investors, featuring in particular an animation company, underscores the growth potential for such an already successful company. Game offerings area already available for Chinese, English, Spanish, and Arabic players and these language offerings will only continue to increase. The range of target users is massive with NetDragon focusing on kindgergarten to high school students; engaging them through web-based and mobile apps. The demand for online education only continues to accelerate and the e-Learning services offered by Asian companies like NetDragon Online continue to innovatively connect with users and provide them with educational games to help fulfil learning needs. 

Stay tuned for the next edition of the EdTech Ventures report, published at the end of January. 
       

Topics: Funding & Deals Roundup

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