K-12 Dealmaking: Lightneer, Yellowdig Raise Funds

Contributing Writer

Recent deals include Finnish learning game developer Lightneer and social learning platform Yellowdig receiving new investments from the venture capital world.

Lightneer Gains $3.16 Million: Helsinki-based learning game development studio Lightneer has completed a $3.16 million financing round led by venture capital funds GSV Acceleration, joining with $2.03 million, and IPR.VC, providing $1.13 million, the company said in a statement. This round brings total investment into Lightneer to $3.94 million.

The company also appointed Peter Vesterbacka, the former Mighty Eagle and brand ambassador for Rovio Entertainment Ltd.’s Angry Birds franchise, as its new “brand breaker” and company evangelist.

Yellowdig Raises Additional Funding: Philadelphia-based Yellowdig, a provider of a Software as a Service social learning platform, has received an investment from two New York City capital funds, QB1 Ventures and Rosecliff Ventures, according to a statement. The investment amount was not disclosed.

Yellowdig said it plans to add a New York City office with the investment; the company also added Akiba Covitz to the senior management team as head of business development.

Covitz previously served as associate dean and a member of the faculty at Harvard Law School, as vice president for university partnerships at edX, the online learning company, and as senior vice president at Academic Partnerships, an online program management provider.

The company received a $1 million investment from SRI Capital in July.

LIQVID eLearning Services Raises Funding: Liqvid English Edge Pvt Ltd, an e-learning content solutions company based in Noida, India-based run by Liqvid eLearning Services Pvt Ltd, has raised an undisclosed amount in Series A funding from Gray Matters Capital, according to press reports.

The company offers learning services that include custom content development, training design services, technology services, and learning support services for corporations, academic institutions and government organizations worldwide.

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.

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