K-12 Dealmaking: India-Based App Provider Raises $30 Million; Voxy Takes In $12 Million

Contributing Writer

In the latest dealmaking news, India-based ed-tech startup BYJU’s raised $30 million from investors while English learning solution Voxy raised $12 million.

BYJU’s Raises $30 Million: India-based education app provider BYJU’s has raised $30 million from Brussels-based investment firm Verlinvest, according to press reports.

This latest investment is the fourth the Bengalaru-based company has received in a year, including $50 million from investors including the Chan Zuckerberg Initiative.

In March 2016, the company received $75 million from venture capital firm Sequoia Capital and Belgian investment firm Sofina. The deal represented the largest ed-tech investment ever in India, according to reports.

BYJU’s provides test preparation tools as well as video classes for school kids.

Raise.me Raises $12 Million: Raise.me, a social enterprise focused on expanding access to higher education, has raised $12 million round in a financing round led by Redpoint Ventures, with additional participation from GSV Acceleration, and follow-on investment from Owl Ventures, First Round Capital and SJF Ventures, according to a statement on The PE Hub Network.

Raise.me partners with colleges and universities to offer students scholarships starting in the 9th grade. The platform aims to enable high school students to earn “micro-scholarships” from over 200 colleges and universities

Voxy Raises $12 Million: Voxy, a web and mobile-based English learning solution based on real-world content, today announced a $12 million growth equity financing led by SJF Ventures, according a statement.

Additional investors include Inherent Group and existing investors Rethink Education, Contour Venture Partners, Weld North, and GSV Acceleration.

“This latest round of funding will allow us to work with more learners in historically underserved regions in support of their economic advancement, replicating our success in Brazil,” said Voxy CEO Paul Gollash.

Endeavor Schools Acquires Ohio Montessori School: Miami-based education management company Endeavor Schools has acquired the Montessori Academy of Cincinnati, a Montessori based in Ohio, according to a statement. Terms of the deal were not discussed.

Be sure to check back on Marketplace K-12 for updates on mergers, acquisitions, fundraising, and other dealmaking.

 

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