Educational Software - Wednesday, April 23, 2008
Teacher Site Raises TeachStreet $2.25M
Founded in May 2007, TeachStreet has recently launched a website to help students of all ages find local teachers and classes. It's also meant to empower teachers with online tools to manage their teaching businesses. The site isn’t geared towards online instruction, but of face-to-face meetings between teachers and students. The firm says it launched in Seattle with 25k entries. TeachStreet has closed a $2.25M Series A led by Madrona Venture Group, with Bezos Expeditions and angel investors including Amazon.com execs Jeff Blackburn, Michael George, Jason Kilar, Kim Rachmeler, and Joel Spiegel; former CEO of Expedia Erik Blachford; founder of ProgrammableWeb John Musser; former RealNetworks' exec Dave Richards; and Dave McCLure. TeachStreet was founded by Dave Schappell, a former Director of Product Development at Amazon.com and was also VP of Marketing at JibJab. The idea didn't make much sense as we assumed it was a site for Kenny to find his 4th grade civics teacher. But the teachers it describes are for things like knitting and yoga. We assume it doesn't seem super exciting to you too. View - site... Continue...
Educational Software - Monday, February 25, 2008
GeoLearning Raises $31M From Fidelity
Fidelity Ventures has put $31M into Iowa's GeoLearning the startup's first institutional investment. GeoLearning sells on-demand education course-ware to corporations and claims over 500 clients. Founded in 1997 and with over 200 employees, GeoLearning says it did $24.7M in revenues in 2007. The company has plenty of competition but has been around so long its has build the killer client list as well as a library of course-ware that makes it tough on the competition. View - site... Continue...
Educational Software - Monday, February 4, 2008
GlobalScholar Raises $27M And Buys Excelsior Software
Bellevue, WA's GlobalScholar.com has raised $27M and is buying an educational software maker Excelsior Software. GlobalScholar sells tools to educational institutions meant to improve teaching capabilities as well as online tutoring. Excelsior meanwhile says it has more than 1,000 school-district customers for its student assessment products. Existing investors Knowledge Universe Education and Ignition Partners participated in the round. GlobalScholar has raised $42.5M to date. It's getting to be a big company. GlobalScholar employed 50 in Bellevue plus 100 in India and Excelsior had a head count of 60 in Colorado. GlobalScholar's CEO Kal Raman is a think-big leader who was SVP at Amazon and CEO of DrugStore.com. Needless to say, much is hinging on the success of GlobalScholar for Raman and his venture backers. View - site... Continue...
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