In the latest round of dealmaking news, a number of ed-tech companies staged successful fundraising rounds, including China-based tutoring platform Entstudy and Piper, a startup that offers computer kits for kids.
Entstudy Raises $18.2 Million: Chinese tutoring platform Entstudy has secured $18.2 million in a Series C round led by Greenwoods Investment with participation of existing investors of Tencent and Yuanxi Capital, according to a report from TechNode.
The new funding will be utilized to develop Entstudy’s livestreaming platform Dingdang Classroom, which is expected to become a major revenue source for the startup, according to the report.
In February, Tencent, a China-based Internet services provider, said it planned to invest $50 million in Beijing New Oriental Xuncheng Network Technology Co., the operator of the Koolearn.com online education platform. Xuncheng Network Technology is an affiliate of New Oriental Education and Technology Group Inc., the largest provider of private educational services in China.
Piper Raises $2.1 Million: San Francisco-based ed-tech startup Piper has raised $2.1 million in seed funding from investors that included Princeton University, Reach Capital, 500 Startups, Chaac Ventures, FoundersXFund, Jaan Tallinn (co-founder of Skype), and Jay Silver (founder of Makey Makey), the company said in a statement.
Piper, which provides do-it-yourself computer kits for kids, said the funding will assist with the creation and distribution of PiperEDU, a new product for K-12 educators that will allow Piper’s products to be integrated into classrooms all over the world.
“With PiperEDU, students will learn programming, engineering and electronics as they assemble their own computers and build gadgets to solve Minecraft challenges,” the company noted.
CogBooks Raises $1.7 Million: CogBooks, a U.K.-based adaptive online learning technology business, has raised $1.7 million from existing investors Nesta Impact Investments, DC Thomson and the Scottish Investment Bank, the investment arm of Scottish Enterprise, according to a blog posting on the CogBooks website.
“This investment allows us to accelerate the distribution of our courseware and platform in the UK and [United States] at a key stage in the market’s development,” Jim Thompson, CEO of CogBooks, said in the blog.
Be sure to check back on Marketplace K-12 for updates on mergers, acquisitions, fundraising, and other dealmaking. Also see EdWeek Market Brief, a service that gives companies operating in the market insights on the needs and priorities of school officials.