Edtech VC deals
Q2 2015 saw a record number of Edtech VC deals conducted.
Investments in educational training, media and services grew to $367.4 million across 24 deals, the highest amount of venture dollars flowing to the sector in a single quarter, according to Dow Jones VentureSource data.
Here are the top 5 edtech VC deals, as listed above, in more detail:
Udemy is a global marketplace for teaching and learning online.
It’s course content and instructor community are large: 32,000 courses taught by 18,000 instructors. Udemy offers students the ability to learn as they go, while instructors have a way to share their knowledge with an online, global community.
For companies, Udemy offers a subscription to business courses as well as an easy-to-use platform to create proprietary courses. Udemy is headquartered in San Francisco and has offices in Dublin, Ireland, and Ankara, Turkey under the leadership of CEO Dennis Yang.
Within the top edtech VC deals for June list, Xuebajun-Wenba Technology is the only company based in China. It provides software to assist school students, and a free online service for explaining homework, assignments and further educational tasks in China.
The $50 million Series B round was provided by QiMing Venture Partners and Vertex Venture Holdings and dwarfs the $5 million A round raised last year. CEO and co-founder Kailei Zhang plans on expanding the company’s services and online tools with the funding.
Via a Series D round, Duolingo, the free online language learning service with more than 80 million students around the world, raised $45 million.
According to figures Duolingo is the biggest mobile language learning application in the world.
It is currently offering courses in 25 languages – expanding to 30 by the end of the year, facilitated by this funding round.. Duolingo is available on the Web, Android, iOS and Windows Phone, winning Apple’s iPhone App of the Year 2013 and Android’s Best of the Best.
Kahoot!’s game-based platform enables more meaningful, playful and powerful learning experiences which help learners understand the world around them through play.
Kahoot! uses mobiles, tablets, laptops and turns them into learning companions using an intuitive learning platform, enabling creators to colour it with their own ideas. Its $7 million investment was the company’s first funding round and the Oslo based startup also has offices in Austin, Texas and London.
Last on the list of edtech VC deals in June is Applect Learning Systems.
Within Applect Learning Systems, meritnation.com is the division that caters to the learning needs of students for classes for all major state boards on the subcontinent. It offers online and correspondence learning resources for Math, Science, English, Hindi, Sanskrit and Social Science.