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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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Codecademy eyes the enterprise with $40 million in new capital

– Codecademy, a coding class platform, raised $40m in Series D funding.
– The round was led by Owl Ventures and joined by Prosus and Union Square Ventures.
– The company plans to use the funding to acquire businesses, grow internationally in India and other countries, and hire.
– It also wants to “invest deeply” in a paid product it launched in the wake of the pandemic, Codecademy For Business.

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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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Bitwise Industries Raises $50M in Funding

– Bitwise Industries is a tech apprenticeship provider based in Fresno, California.
– The company raised $50m in series B funding.
– The round was led by Kapor Capital with participation from JPMorgan Chase, Motley Fool Ventures, ProMedica, Candide Group, GingerBread Capital, Hunt Capital Investments, Impact Assets, Libra Foundation, Plum Alley and Western Technology Investment.
– The new investment will help the company to grow into multiple new markets across the country beginning with Toledo, Ohio.

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BetterUp Raises $125 Million Series D, Achieves $1.73 Billion Valuation, and Expands Coaching Platform With BetterUp Care

– BetterUp announced a $125m Series D fundraise, bringing the company’s valuation to $1.73b.
– The global leader in mobile-based coaching, counseling, and mentorship, BetterUp is an all-in-one platform that combines behavioral science, AI technology, and human interaction to optimize personal growth and professional development in support of a person’s whole health, at work and in life.
– This latest financing was led by ICONIQ Growth with participation by existing investors, Lightspeed Venture Partners, Threshold Ventures, and Plus Capital, and by new investors, Salesforce Ventures, Sapphire Ventures, and Mubadala Capital.

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ErudiFi raises $5 million Series A to give students in Southeast Asia more education financing options

– ErudiFi, a student financing startup, raised $5m in Series A funding.
– The round was co-led by Monk’s Hill Ventures and Qualgro.
– The company currently works with more than 50 universities and vocational schools in Indonesia and the Philippines.
– It offers subsidized installment plans, using tech to scale up while keeping costs down.
– Interest rates and repayment terms vary between institutions, but can be as low as 0%, with loans payable in 12 to 24 months.

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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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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.

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