UBITS snags $25M to create ‘the Netflix for corporate training’ in LatAm

UBITS, a B2B online learning platform for upskilling employees in Latin America, has raised $25 million in funding led by Riverwood Capital. Julián Melo and Marta Forero founded UBITS in Bogota, Colombia, in 2018 after the pair came up with the idea of “creating the Netflix for corporate training for LatAm.” They applied to Y […]

GoStudent Raises $340M Series D funding round as it pushes into international markets

Fresh from raising a $244 million Series C (that valued the company then $1.7 billion) back in June, K12 online tutoring marketplace GoStudent has now raised a $340 million Series D round led by new investor Prosus, an Amsterdam-based investment firm best known for investing in Latin American and US-based LatinX internet properties. GoStudent expanded […]

Career Karma lands $40M to evolve into an edtech employee benefit

Career Karma raised its first millions off of a pitch that resonates with anyone who has ever googled coding bootcamps: a navigation tool for aspiring students and working professionals. Instead of creating its own curriculum, Career Karma helps students find the best programs for their price point and career goals. The startup, founded in 2018 […]

Nigerian edtech startup Teesas secures $1.6 million in pre-seed round, to launch tutor marketplace, expand in East, Southern, Francophone Africa in 2022

After seven years in the production of electronic gadgets, under his company Imose Technologies, Osayi Izedonmwen took leave to explore an idea that he had toyed with for some time — an edtech startup, Teesas, which now offers video classes and other digital educational material for learners in Nigeria. Teesas, which was launched less than […]

Codecademy sends it with Skillsoft in a $525M deal

Coding class platform Codecademy has sold to Skillsoft for $525 million, in a mix of stock and cash, marking yet another instance of consolidation in the educational technology sector. The sale comes nearly a year after Codecademy raised a $40 million Series D and pivoted its consumer-focused product to serve more enterprise customers. Then CEO […]

For Course Hero, venture capital was once an unobvious solution

Launched in 2006, education startup Course Hero started its life away from the attention of venture capital. After launching, the company waited eight years to raise a $15 million Series A. Then, after going another nearly six years without raising venture capital, Course Hero closed two financings in 2020. Yesterday, the edtech company announced yet […]

Target Global leads $3.5M pre-seed in Nigerian online learning platform Edukoya

For years, offline test preparation centers in Nigeria have provided after-school guidance and tutoring to students who seek to pass entrance examinations. Edtech platforms such as Edukoya have sprung up with the intent to take these models online and maintain affordability for students. Today, the Lagos- and London-based startup, which builds online education content and […]

African edtech startup uLesson raises $15M, backed by Nielsen Ventures and Tencent

As many edtech companies benefited from the disruption of the pandemic, attracting wads of cash from investors globally, it did feel like African startups were left out. Well, not anymore: Two-year-old startup uLesson announced today that it closed a $15 million Series B round. The investment, which comes 11 months after uLesson raised a $7.5 […]

Platzi picks up $62 million Series B to re-skill Latin American professionals

When it comes to scaling online communities, Platzi CEO Freddy Vega thinks that edtech can take a few notes from the video game industry. League of Legends, for example, doesn’t require players to come to its universe art at a certain time and certain place; instead it lets players naturally connect with others who are […]

Equity Monday: Paytm’s rocky debut gets rockier

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happy Monday everyone, and welcome to a holiday week here in the United States. Yes, we here in the good ol’ States will be off the second half of this week. TechCrunch won’t […]