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E-Learning South Asia

Pakistan edtech startup Maqsad gets $2.1M pre-seed to make education more accessible

– Maqsad, a mobile-only education platform startup, raised $2.1m in pre-seed funding.
– The round was led by Indus Valley Capital and joined by Alter Global, Fatima Gobi Ventures and several angel investors from Pakistan, the Middle East and Europe.
– The company will use the proceeds for developing in-house content, such as production studio, academics and animators, as well as bolstering R&D and engineering.

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Artificial Intelligence E-Learning North America SaaS

LearnExperts Raises $1.25M in Seed Funding

– LearnExperts from Ottawa, Canada develops a course creator platform.
– The company raised $1.25m in seed funding.
– Backers included Sand Hill North, MaRS IAF, Capital Angel, Maple Leaf Angel, and Georgian Angel networks, including six women investors.
– The company intends to use the funds to accelerate growth within the sector.

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E-Learning Medical Device Western Europe

Numan Raises $40M in Series B Funding

– Numan is a digital platform for men’s health.
– Company raised $40m in Series B funding.
– The round was led by White Star Capital, with participation from existing investors Novator, Vostok New Global, Anthemis Exponential and Colle Capital, and new investor Hanwha Dream Fund.
– The new investment will be used to continue to expand operations and its business reach, as well as the therapeutic areas it covers.

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E-Learning EdTech Education Search Engine Tutoring Western Europe

Tutorful Raises £3M in Funding

– Tutorful, a Sheffield, UK-based edtech platform for parents and students to find online tutors, raised £3m in funding.
– The funding was provided by Mercia’s Northern Venture Capital Trust (VCT) funds and NPIF – Mercia Equity Finance.
– The company intends to use the funds to continue to further enhance the platform, expand into new international markets and create around 27 additional jobs at its Sheffield headquarters.

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E-Learning Fitness Health Care Hospital North America Speech Recognition

DotCom Therapy Closes $13 Million Series A Funding to Address Shortage of Mental Health Resources for Children Across Healthcare Systems

– DotCom Therapy (DCT), the most comprehensive pediatric teletherapy provider, announced that it has raised $13 million in Series A funding to drive the expansion of its pediatric teletherapy resources, especially within healthcare systems nationwide.
– The expansion will help to address the dire widespread shortage of professional therapists and mental health resources in that sector.
– The financing was led by New Capital Partners with participation from LRVHealth and OSF Ventures.

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E-Learning Fitness Health Care Hospital North America Speech Recognition

DotCom Therapy Raises $13M in Series A Funding

– DotCom is a Madison WI-based pediatric teletherapy provider.
– Company raised $13m in Series A funding.
– The round was led by New Capital Partners with participation from LRVHealth and OSF Ventures, Will Cowen, general partner of LRVHealth, Stan Lynall, James Outland, Mark Bakken, Dr. Colleen Kraft and Rachel Mack Robinson.
– The new investment will be used to advance the features and functionality of its proprietary technology, Zesh, grow its customer base of schools across the country, and scale its partnerships with providers and payers in the healthcare industry.

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E-Learning Ediscovery EdTech Gaming North Africa and the Middle East

Toya Raises $4M in Funding

– Toya, a Tel Aviv, Israel-based female-founded gaming studio, raised $4m in funding.
– The round was led by Drive by DraftKings, with participation from Remagine Ventures and Powerhouse Capital, as well as 1Up Ventures, early Roblox investor Craig Sherman, and NFL legend Eli Manning.
– The new investment will be used to enhance the company’s current product offering, integrate new titles onto its platform and expand its hiring and partnerships efforts.

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Artificial Intelligence E-Learning EdTech Machine Learning North America

Workera.ai Lands $16M Series A Financing

– Workera.ai, a precision upskilling platform, has closed a $16m Series A round.
– The round was led by NEA alongside existing investors Owl Ventures and AI Fund, as well as AI luminaries Richard Socher of AIX Ventures, Pieter Abbeel, Lake Dai and Mehran Sahami.
– This new infusion of capital will be used to accelerate product development and fuel the company’s go-to-market strategy.

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E-Learning Education Platform Southeast Asia

Vietnam after-school learning startup Marathon raises $1.5M pre-seed round

– Marathon Education, a Vietnamese after-school education startup, raised $1.5m in pre-seed funding.
– The round was led by Forge Ventures, with participation from investors including Venturra Discovery and iSeed SEA.
– The startup is focused on math and science courses for grades six to 12 of the National Curriculum developed by Vietnam’s Ministry of Education and Training (MOET), and will eventually cover all MOET subjects.

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Consumer E-Learning Education North America

NoRedInk Raises $50M to Help All Students Harness the Power of the Written Word

– NoRedInk, whose highly engaging digital writing curriculum is used in over 60% of US school districts, has raised a $50m Series B round.
– The round was led by Susquehanna Growth Equity and with participation from True Ventures.
– Schools are increasingly turning to digital tools to help them address their biggest challenges, and nowhere is the need for support more glaring than in students’ writing.
– NoRedInk chose Susquehanna as a partner because of its philosophy of patient capital and its excellent track record supporting founder-led businesses.
– NoRedInk is already profitable and will use the additional funding to improve its product and bring it to more schools.

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E-Learning EdTech Education North America Software

Kiddom Raises $35M in Series C Funding

– Kiddom is a San Francisco, CA-based education platform.
– The company raised $35M in Series C funding.
– The round was led by Altos Ventures, with participation from Owl Ventures, Khosla Ventures and Outcomes Collective.
– The new investment will be used to scale product development.

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Corporate Training E-Learning North America Training

Pathstream Receives Funding

– Pathstream from SF announced an investment from impact investors including Citi, Strada Education Network, and New Markets Venture Partners, alongside participation from existing investors HCM, Entangled Ventures, and Rethink Education.
– The company offers online certificate programs that prepare adult learners for in-demand jobs.

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Collaborative Consumption E-Learning EdTech Education Internet Latin America

Crehana Raises Largest Series B for Edtech in Latin America

– Crehana, a leading education technology platform for companies and individuals focused on closing the reskilling and upskilling gap in Latin America, announced that it has raised $70M in a Series B round led by General Atlantic.
– This round represents Latin America’s largest Series B funding for an education technology company.
– Crehana will leverage the funding to expand its enterprise solution, launch operations in Brazil, and invest in new products and technologies.
– Crehana seeks to deliver a fruitful learning experience. The company is focused on the quality and delivery of its courses, controlling the entire value chain from the sourcing of instructors to production, distribution, and consumption of content.

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E-Learning EdTech Information Technology North America Video Conferencing

Class Technologies Closes $105M Series B

– Class Technologies, an edtech platform, has raised a $105M Series B round.
– Led by the Softbank Vision Fund, the round also includes GSV Ventures, Emergence Capital, Maven Partners, Owl Ventures, Insight Partners, SWaN & Legend Venture Partners, Rise of the Rest Fund, Learn Capital, Reach Capital, Slow Ventures, Sound Ventures, Chimera Investment, Daher Capital, Guy Oseary, Bill Tai and Tom Brady.
– The company was founded by education software pioneer Michael Chasen.

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E-Learning Internet North America Software Web Design

Tovuti Raises $8M in Series A Funding

– Tovuti, Inc., a Boise, Idaho-based SaaS learning management system provider.
– The company raised $8m in Series A funding.
– The round was led by Blueprint Equity and ScOp Venture Capital.
– The new investment will be used to continue to grow its engineering, development, and client support teams throughout to better serve customers, add new software features and scale the business.

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E-Learning Western Europe

Sales Impact Academy Raises $4M in Funding

– Sales Impact Academy, a London, UK-based provider of a learning platform, secured $4m in funding.
– The round was led by Stage 2 Capital.
– The company intends to use the funds for further development into the team and in the curriculum for continued expansion.

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E-Learning Education Mobile North America

Sololearn raises $24M for its bite-sized, Duolingo-like mobile-first coding education app

– Sololearn, a mobile-first education platform, raised $24m in funding.
– The round was led by Drive Capital and joined by previous investors Learn Capital and Prosus Ventures.
– The company plans to expand its business.

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E-Commerce E-Learning EdTech Education Western Europe

LearnWorlds Secures $32M in Growth Funding from Insight Partners to Help Educators Create and Sell Online Courses in a Post-Pandemic World

– LearnWorlds announced that it has secured a $32m minority investment by global venture capital and private equity firm Insight Partners.
– LearnWorlds provides a no-code, white-label, all-in-one platform where educators and content creators can create, host, market, and sell highly interactive and engaging online courses.
– LearnWorlds plans to use the funding to advance its product roadmap, boost its customer success and accelerate marketing and sales focused on SMBs.

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E-Learning EdTech Education Southeast Asia

Indonesian edtech startup Gredu raises $4M Series A to keep teachers, parents and students engaged with one another

– Gredu, a startup that provides software for schools and universities, raised $4m in Series A funding.
– The round was led by Intudo Ventures, an Indonesia-focused venture capital firm, with participation from returning investor Vertex Ventures.
– The startup was created to give everyone involved in the educational process—school administrators, teachers, parents, guardians and students—apps that let them keep track of everything and communicate with one another.

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E-Learning Education Internet North Africa and the Middle East Software

Juno Journey Raises $19M in Series A Funding

– Juno Journey is a Herzliya, Israel-based provider of an AI platform that enhances employees’ professional development.
– The company raised $19m Series A funding.
– The round was led by Insight Partners with participation from VC Cerca and existing investor 10D Ventures.
– The new investment will be used to expand the company’s activities in global markets, particularly in the United States.

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E-Learning Education North America Software Training

Articulate Raises $1.5 Billion in Series A Round Led by General Atlantic, With Participation From Blackstone Growth and ICONIQ Growth

– Articulate Global, LLC, a market-leading SaaS provider of online training tools and e-learning authoring apps for the new world of work, announced a $1.5 billion Series A funding round led by General Atlantic, a leading global growth equity firm, and joined by funds managed by Blackstone Growth and ICONIQ Growth.
– Bootstrapped by founder and CEO Adam Schwartz in 2002, today’s fundraise is Articulate’s first source of institutional capital, and the company is now valued at $3.75 billion in one of the largest Series A rounds ever.
– With these new partnerships, Articulate will aim to further accelerate its growth and scale internationally.

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E-Learning EdTech Education North America

Age of Learning Announces $300M Investment

– Age of Learning from Los Angeles is a leading education technology innovator, creating engaging and effective learning resources to help children build a strong foundation for academic success.
– The company announced a $300 million equity investment in the company.
– The round is led by TPG and includes Qatar Investment Authority (QIA) and Madrone Capital Partners.

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E-Learning North America SaaS Small and Medium Businesses Software Subscription Service Training

Trainual Raises $27M Series B to Solve Onboarding and Training Pains of New Hybrid Workforce

– Trainual, a leading SaaS platform modernizing the way businesses onboard, train and scale their teams, announced that it closed a $27M Series B investment.
– Led by Altos Ventures, several new and noteworthy investors backed the latest round, including The Shark Group CEO Daymond John, Indeed Co-Founder and Chairman Rony Kahan, PandaDoc CEO Mikita Mikado, TSheets Co-Founder Matt Rissell and 8×8 CEO David Sipes.
– The round also featured continued support from Series A investors 4490 Ventures, MATH Venture Partners and PHX Ventures.
– This round follows Trainual’s $6.75 million Series A and brings the company’s total funding to $33.75 million.

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Advertising Communities E-Learning Financial Services FinTech Internet Recruiting Staffing Agency Western Europe

Rest Less Secures £6.1M in Series A Funding Round

– Rest Less is a digital community to help its members in their 50s, 60s and beyond get content guidance and resources on topics spanning Jobs and Careers, Volunteering, Learning, Money, Health and Lifestyle and Dating.
– The company raised £6.1m in Series A funding.
– The round was led by MTech Capital and Viola FinTech with further participation from existing investors, QED Investors and Octopus Ventures.

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E-Learning Education North America Software Universities

CYPHER LEARNING Raises $40 Million Growth Equity Round from Invictus Growth Partners to Accelerate Innovation in the Global Business and K-20 Education Market

– CYPHER LEARNING raised a $40m growth equity round from Invictus.
– The investment will be used to accelerate the sales, marketing, and development of its cutting-edge learning platform, and build on its profitability.
Invictus Co-founder and Managing Partner, John DeLoche, will be joining CYPHER LEARNING’s Board of Directors.
– Graham Glass, CEO and founder of CYPHER LEARNING, said: “CYPHER LEARNING is the only company that provides an LMS for all major e-learning sectors.”
– The global LMS market is estimated at more than $21 billion, yet it is still very fragmented and populated with outdated, subscale companies that have not kept up with the current needs of enterprises and educational institutions.

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Collaboration E-Learning Education North America

BookClub checks out a shiny new $20 million Series A

– BookClub, a startup that brings author-led book clubs to readers, raised $20m in Series A funding.
– The round was led by Signal Peak Ventures and joined by GSV Ventures, Maveron, Backstage Capital​ and Pelion Venture Partners​.
– Other investors include the founders of MasterClass and Goodreads.

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E-Learning EBooks Education North America Software

Coding skill development startup Educative raises $12M

– Seattle startup Educative landed a $12m Series A round to grow its platform that helps employees at companies such as LinkedIn, Samsung, and Ford improve their coding skills.
– The company targets both consumers and enterprises, which use Educative to train their workforce.
– It declined to share revenue metrics.
– The pandemic put a spotlight on education technology, with a record $2.2 billion going into edtech startups last year as people were forced to learn and work remotely.

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E-Learning Higher Education North America

Digital Learning Platform Engageli Raises $33 Million

– Engageli is a purpose-built digital learning platform designed to provide superior learning experiences for students and instructors across higher education.
– The company raised $33m in Series A funding.
Maveron and Corner Ventures co-led the round.
– The new capital will be used to further scale Engageli’s product development and fuel its continued growth.
– Engageli was designed from the ground up by educators to offer an inclusive and engaging platform for students and to enable modern pedagogical best practices that drive student success.

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E-Learning Education Internet North America

Language learning startup Toucan raises $4.5M

– Toucan, a startup that helps users learn a new language while they browse the web, is announcing that it has raised an additional $4.5 million in seed funding.
– The new round was led by LightShed Ventures, with participation from new investors Next Play Ventures, Concrete Rose Capital, GingerBread Capital, Form Capital, Goodwater Capital, Hampton VC, Spacecadet Ventures, GTMfund, Baron Davis Enterprises and Human Ventures, as well as existing investors GSV Ventures, Amplifyher Ventures and Vitalize.
– Toucan will use the new funding to expand the team from 12 to 16.
– It’s also planning to internationalize — so not just translating English to Spanish, but Spanish to English, and so on — and is launching a new Safari extension (it will support more browsers in the future).

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E-Learning Music Music Education Western Europe

Yousician raises $28M to make music education more accessible

– Yousician, a music education company, raised $28m in Series B funding.
– The round was led by Atomico and joined by existing investors Lifeline Ventures, Draper Esprit, and Inventure.
– It brings Yousician to a valuation of $100m.

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E-Learning Education Internet North America

MasterClass co-founder’s Outlier.org raises $30M for affordable, virtual college courses

– Outlier.org, a startup offering intro-level college courses online at a relatively affordable price, raised $30m in Series B funding.
– The round was led by Reach Capital and joined by existing investors including Social Capital, First Round Capital, and others.
– The company plans to expand its course offerings to 14 by the end of 2022.

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Corporate Training E-Learning EdTech Education North America Training

ExecOnline Raises Additional $45 Million to Extend Market Lead as Pioneer in Online B2B Leadership Development Space

– ExecOnline, the pioneer of online leadership development for enterprises, today announced a Series D funding round of $45m USD led by OMERS Growth Equity.
– All of ExecOnline’s major existing investors are also participating in the round, including Kaplan, ABS Capital Partners, NewSpring, and Osage Venture Partners.
– As a result of the transaction, Saar Pikar, Managing Director with OMERS Growth Equity, will join the ExecOnline board of directors.
– ExecOnline partners with elite business schools like Berkeley Haas, Columbia, Stanford GSB, and Wharton, and leverages its unique applied learning approach and proprietary online platform to deliver participant completion rates above 90%, impressive NPS scores, and strong ROI for the enterprise.

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Consumer E-Learning Education Western Europe

Ornikar Raises €100m ($120m) in Series C Funding Led by KKR

– Ornikar, a specialist in driver training and road awareness since 2013, today announced a €100m ($120m) round of Series C funding led by global investment firm KKR.
– Existing investors Idinvest, BPI, Elaia, Brighteye and H14 also contributed to Ornikar’s latest fundraise which will enable the company to accelerate its mission of becoming a global leader in road safety.
– In less than a decade, Ornikar has revolutionised the traditional driving school model to become the go-to online driver education platform and training marketplace in France, with a fast-growing presence in Spain.

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E-Learning EdTech Education Europe Internet Language Learning Online Portals

Lingoda Announces $68 Million Growth Equity Investment From Summit Partners

– Lingoda announced it has raised $68m in growth equity led by global growth investor Summit Partners, with participation from existing investor Conny Boersch, founder of Mountain Partners, which first invested in Lingoda in 2015.
– The new funding will support Lingoda’s expansion in new markets; further enhance the company’s live classroom experiences, and accelerate the company’s already robust growth.
– Including this latest round of funding, Lingoda has raised more than $83m since 2013. Previous recent rounds were led by investor Grazia Equity, which has played a key role in the company’s growth journey to date.
– Lingoda is a leading online language school offering live small group and private classes available 24/7 in four languages – English, German, French and Spanish.

E-Learning Education Internet North America

Acadeum Raises $5M in Funding

– Acadeum, an Austin, Texas-based creator of a course sharing platform, raised $5m in funding.
– Backers included Rethink Education, Socratic Ventures, Lumina Foundation and LearnStart.
– Course Share™ is a marketplace for online college courses to form course-sharing consortia and to allow students to access courses from hundreds of U.S. colleges and universities.

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Corporate Training CRM E-Learning Information Technology North America Robotics Skill Assessment

Shamrock Makes Strategic Investment in Learn on Demand Systems, a Leading Provider of Virtual Labs for Technology Training

Shamrock Capital, a Los Angeles-based investment firm, today announced that it has made an investment in Learn on Demand Systems, a leading provider of virtual labs used to power hands-on, experiential technology training.
– Terms of the transaction were not disclosed.
– Learn on Demand Systems provides cloud-based virtual lab environments to address a range of organizations’ information technology (IT) needs across skills validation, education, sales enablement, and customer support.
– The company’s offerings empower organizations to accelerate skills acquisition through scored hands-on experiences across a diverse set of topics including DevOps, cloud, security, and software development.
– This investment will be used to drive product enhancements, fuel growth with enterprise technology customers, and expand offerings.

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Computer E-Learning Education Internet North America Software Web Development

Rithm School Secures $25mm in Incentive-Aligned Tuition Financing Capital to Grow Income Share Agreement Program

– Rithm School secured $25mm in growth financing to drive the expansion of their tuition financing programs.
– The San Francisco-based company trains students from a diverse set of backgrounds to be top-caliber software engineers.
– Rithm School plans to increase access to their elite program through the use of Income Share Agreements, which will be more widely available to students in eligible geographies as a result of this capital infusion.
Rithm School has historically offered ISAs but has now partnered with Leif, the ISA Management Platform. Leif works with industry leading education providers who deliver exceptional outcomes to students across a variety of fields. Leif’s outcomes-aligned tuition financing solutions include Income Share Agreements which help education providers maximize their program’s growth and impact potential.

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Corporate Training E-Learning Education Graphic Design North America Software Web Design

RLG Capital & Trinity Private Equity Group Invest Further with eLearning Brothers’ Acquisition of The Game Agency

RLG Capital & Trinity Private Equity Group today announced new investment in learning platform company eLearning Brothers to support the acquisition of The Game Agency – an industry leader in game-based learning technology and content.
– A new Senior Debt facility was provided by Key Bank N.A.
– The investment and acquisition enable eLearning Brothers to further establish itself as the leading eLearning Platform and validates the company’s vision and industry leadership.
– “The Game Agency’s flagship product, ‘The Training Arcade’ as well as its gamification platform ‘Arcades’ provide instant value to the eLearning Brothers Platform,” states Mark Nelson, Partner at RLG Capital.
– “Our initial expectation for growth with last year’s investment has been more than validated and we are very keen on the potential for eLearning Brothers.

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E-Learning Europe

Gradguide Raises €2M in Funding

– Gradguide from Dublin, Ireland raised €2m in funding.
– Funding was led by Clune Technology Group (formerly known as The Taxback Group).
– Gradguide is an online career guidance, mentorship & recruitment platform that pairs mentors with students and recent grads to help them transition successfully from college to the tech workforce while offering continued support to ensure graduates excel in their new role.
– Graduates have found roles in companies such as Oracle, Hubspot, Wayflyer, Front and Wix.

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Digital Media E-Learning North America Podcast

Section4 Raises $30M in Series A Funding

– Section4, a NYC-based business upskilling platform, raised $30m in Series A funding.
– The round was led by General Catalyst with participation from Learn Capital and GSV Ventures.
– Larry Bohn and Paul Sagan will join the board of Section4 representing General Catalyst along with independent director Katherine Dillon.
– Total funding to date is now $37m, including previous investments by Jeff Bewkes and Tim Armstrong, former CEOs of Time Warner and AOL, respectively.
– The company intends to use the funds to accelerate the expansion of its curriculum and the development of its enterprise platform.

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Customer Service E-Learning Enterprise Software Gamification Human Resources North America SaaS Sales Software

Employee engagement startup Centrical raises $32M

– Centrical, a startup developing an employee engagement and performance management platform, today announced that it raised $32 million in funding led by Intel Capital.
– The funds, which bring Centrical’s total raised to date to $64 million, will be put toward product R&D as Centrical looks to acquire new customers.
– During the pandemic, as shelter-in-place orders and office closures force employees to work from home, companies are increasingly experimenting with or adopting work quality monitoring products.
– According to a June study by Gartner, 26% of HR leaders report having used some form of software or technology to track remote workers since the start of the health crisis.
– It’s an uptick driven in part by concerns over performance dips that could arise from work-from-home setups.

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E-Learning North America

Arist adds $2M to its seed round to grow its SMS-based training service

– Arist, a startup that sells software allowing other organizations to offer SMS-based training to staff, announced that it has extended its seed round to $3.9 million after adding $2 million to its prior raise.
– The company raised $1.9m in its initial seed round, which was led by Craft Ventures at a $15m valuation.
– Following that early investment, the company’s business with large clients performed well, leading to it closing $2m more last December.
– The second deal was led by Global Founders Capital.

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Asia E-Learning

Quizizz Secures $12.5M in Series A Funding

– Quizizz is a Bangalore, India-based edtech startup.
– The company raised $12.5m in Series A funding.
– The round was led by Eight Roads Ventures with participation from GSV Ventures, Rocketship VC and existing investors Nexus Venture Partners and Prime Venture Partners.
– The new investment will be used to expand the company’s team and support school and corporate customers.

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E-Learning EdTech North America STEM Education

101edu Closes $4.6M Series A Funding

– 101edu from San Francisco raised $7.8m in Series A funding.
– The round was led by Recurring Capital Partners with participation from new and existing investors Birchmere Ventures, University Ventures, Zanichelli Venture, Matzliach Capital, Board member Dr. James Caras, Mark Miller, Torsten Geers, and Vineet Madan.
– The company intends to use the funds to accelerate growth and expand into other STEM disciplines and markets.

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Compliance Corporate Training E-Learning EdTech Education Human Resources North America Software Training Virtual Reality

Praxis Labs Raises $3.2M in Seed Funding

– Praxis Labs is a New York-based maker of a virtual reality-based diversity and inclusion learning platform.
– The company raised $3.2m in seed funding.
– The new investment will be used to expand the company’s operations and business reach.

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E-Learning EdTech Education Language Learning News North America Software

Newsela Raises $100M Series D Round

– Newsela, a US-based instructional content platform for K-12 classrooms, announced today a $100m Series D investment.
Franklin Templeton and TCV led the round, with participation by Owl Ventures, Tao Capital Partners, Chan Zuckerberg Initiative, Waycross Ventures and several others.
– Newsela takes authentic, real world content from trusted sources and makes it instruction ready for K-12 classrooms.

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Asia E-Learning EdTech Education Image Recognition STEM Education

James Murdoch’s Lupa Systems leads $31 million investment in India’s Doubtnut

– Doubtnut, an Indian startup that helps students learn and master concepts from math and science using short videos, has raised $31m in a new financing round.
– The round was led by SIG and James Murdoch’s Lupa Systems, and joined by existing investors Sequoia Capital India, Omidyar Network India and Waterbridge Ventures.
– The startup said it has developed a bank of more than 65 million questions in nine languages for students from sixth grade to high school.
– Doubtnut said its app reaches students in smaller towns and cities.

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E-Learning Education North America Training

Interplay Learning Raises $18M in Series B Funding

– Interplay Learning is a global leader in training essential skilled trade workers to be job-ready.
– The company completed an $18M Series B round of financing led by Owl Ventures and S3 Ventures with participation from Strada Education Network and The Venture Reality Fund.
– The new investment will be used to continue expanding operations and business reach.

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E-Learning Education North America Training

Interplay raises $18 million for enterprise-focused VR training solutions

– Interplay, an Austin, Texas-based startup developing a 3D and virtual reality platform for trade workers, today announced that it raised $18 million.
– The company says it’ll use the proceeds to move into new markets and further develop its existing products.
– According to an ABI Research report, before the pandemic, the virtual reality market was forecasted to grow at a 45.7% compound annual rate, surpassing $24.5 billion in revenue by 2024.
– But even amid the health crisis, virtual reality is booming. A PricewaterhouseCoopers survey predicts that nearly 23.5 million jobs worldwide will use augmented and virtual reality by 2030 for training, work meetings, or customer service.
– Founded in 2016 by Doug Donovan and Steve Quirk, Interplay provides online and virtual reality training for a range of skilled trades.

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E-Learning EdTech Information Technology North America Software Video Conferencing

Class Technologies Raises $30 Million To Improve Virtual Learning

– Class Technologies is a software that integrates teaching and learning tools with Zoom.
– The company raised $30.75m in Series A funding.
– The round was led by Insight Partners and Owl Ventures, and supported by all previous investors.

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E-Learning EdTech Education Europe

Uptime Raises $16M in Seed Funding

– Uptime is a knowledge hacking app.
– The company raised $16m in seed funding.
– The round was led by angels including Sir Terry Leahy, William Currie and Lord Alliance.
– The new investment will be used to reach new audiences, expand product development and scaling the content library.

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Asia E-Learning EdTech Education STEM Education

Cuemath Raises $40M in Series C Funding

– Cuemath is a Bengaluru, India-based leader in online math learning.
– The company closed its $40m Series C financing round.
– The round was led by Lightstone Aspada and Alpha Wave Incubation with participation from existing investors Sequoia Capital India, CapitalG (formerly Google Capital) and Manta Ray.
– The new investment will be used to drive expansion of the platform globally and build on its launch in the US to further scale up in the geography, along with other international markets.

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E-Learning EdTech Europe

Mindstone Raises $2.2M in Seed Funding

– Mindstone, a London, UK-based compound learning platform, raised $2.2M in seed funding.
– The round was led by Moonfire Ventures.
The Fund, Zanichelli Venture & Nex.D, with participation from a series of angels including former cofounders at SuperAwesome.
– The company intends to use the funds to continue developing the platform.

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