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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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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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