K-12 Dealmaking: CodeMonkey Raises $1.5 Million; Tenka Labs Pulls In $2.1 Million

Contributing Writer

In the latest dealmaking news, game-based learning platform CodeMonkey raised $1.5 million while Tenka Labs, a developer of STEM toys for children ages 8 and up, has raised $2.1 million.

CodeMonkey Raises $1.5 Million: Tel Aviv-based CodeMonkey, a game-based learning platform for teaching children code, has closed $1.5 million in seed funding. These funds will be used to expand CodeMonkey’s Research, Development, Sales and Marketing teams, the company said in a statement sent to Education Week.

J21 Corporation led the current funding round alongside Invictus Capital from Singapore. China-Israel Education VC Fund and Japanese holding company Edulab also entered the strategic partnership, according to the company.

In addition, as part of this partnership, Edulab announced the integration of CodeMonkey into its STEM resources portfolio in China and will expand the CodeMonkey platform to reach 30,000 elementary school students.

Tenka Labs Raises $2.1 Million: Sausalito, Calif.-based Tenka Labs, a developer of STEM toys for children ages 8 and up, has raised $2.1 million from investors, according to press reports.

The company also unveiled its first product, Circuit Cubes, electronic building blocks that integrate with LEGO-style building blocks.

Follett Partners with Wendy Pye Publishing: Follett has formed a partnership with New Zealand-based Wendy Pye Publishing to provide more than 300 fiction and nonfiction print titles for K-2 classrooms.

Pye’s company introduced Sunshine Classics in the USA in the 1980s, and reading program has been revived with updated print options for learners and educators, according to a statement.

Edurev Receives Investments from Facebook Program: India-based startup Edurev will receive up to $40,000 in credits from Facebooks’ FbStart program, according to press reports. Edurev, which stands for “education revolution,” offers free courses on its platform.

Navitas Invests in Ed-Tech Accelerator: Navitas Ventures, the education venturing arm of global education provider Navitas, has invested in EduGrowth, a national business accelerator that aims to help incubate 200 Australian edtech startups over the next five years to help meet growth targets, according to The PIE (Professionals in International Education) News.

EduGrowth is a nonprofit organization that runs both open and full-time education accelerator programs.

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