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Construction EdTech Internet North America SaaS Software Training

GoContractor Raises $5M in Series A Financing

– GoContractor is a construction worker onboarding and compliance tracking digitization platform provider.
– Series A $5m round led by Building Ventures and Ironspring with participation from existing investors.
– The new investment will be aimed at further scaling across the US and European markets, growing its sales, support and marketing teams, and increasing investment in its research and development organization located in Ireland.
– GoContractor provides a worker and subcontractor onboarding and data management solution that exclusively focuses on training, managing, and connecting general contractors with their workers and subcontractors in the construction industry.

EdTech Enterprise Software North America

Rethink Education to Invest $5mm in Seed Stage, Underrepresented Founders Improving Learning Outcomes and Economic Mobility

– Rethink Education has earmarked $5m from Rethink Education III to invest in underrepresented people of color helping solve some of the toughest challenges from education to workforce development.
– The team has coined this initiative Rethink Equity, acknowledging that venture capital is hardly distributed on a level playing field.
– White men make up approximately 30% of the population yet receive 77% of all venture capital, whereas Latinx founders receive only 2% and African Americans receive only 1%, according to Crunchbase.
– The average household income for Black families in America is $41,000. Many Black and brown founders lack the disposable income individually and among family and friends to bootstrap their companies to the viability needed to warrant VC funding.

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.

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.

EdTech Education North America Software

Photomath, the World’s Most Popular Math Learning App, Secures $23 Million in Series B Funding

– Photomath secured $23m in Series B funding led by Menlo Ventures, with participation from GSV Ventures, Learn Capital, Cherubic Ventures and Goodwater Capital.
– Photomath is free and simple to use and acts as a digital math tutor for students and parents struggling with math homework.
– Photomath uses computer vision and machine learning to recognize and instantly solve basic arithmetic to advanced calculus.
– Photomath provides step-by-step instructions to guide students to understand and master math concepts.
– The company recently surveyed over 2,000 parents and found 56% of parents cannot help their children with math homework.
– The pandemic has shone a light on the struggles students and parents are facing with remote learning.

Artificial Intelligence Asia Career Planning EdTech Education Higher Education Internet Marketplace

Leverage Edu raises $6.5 million to help Indian students land in top colleges abroad

– Leverage Edu, a startup that helps Indian students land in top colleges abroad, raised $6.5m in a new financing round.
– The round was led by Tomorrow Capital and joined by existing investors Blume Ventures and DSG Consumer Partners.
– The startup plans to use the funds to expand its platform in the world’s second-largest internet market.

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.

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.

3D Technology Biotechnology EdTech Education Europe Simulation Software Virtual Reality

Labster Secures $60M in Series C Funding Led by Andreessen Horowitz

– Labster secured $60m in Series C funding.
– The round was led by new investor Andreessen Horowitz, joined by existing investors GGV Capital, Owl Ventures, Balderton Capital, David Helgason, founder of Unity Technologies, Northzone, Swisscom Ventures, and EduCapital.
– The round brings Labster’s total capital raised to $100m.
– Labster is the award-winning producer of virtual laboratory simulations.
– The latest round of capital will enable Labster to focus on growing the size of its global team to serve students around the world.
– Currently in 70+ countries, Labster has already put together an ambitious roadmap for expansion, and is now hiring across all major teams such as engineering, product, sales and customer success.

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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