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In the last six months -Knewton raised $12.5MM -Eleutian Technology raised $10MM -Orbis Education raised $8MM -LiveMocha raised $8MM -Kakai raised $7.5MM -Moons
by jonbischke 16y ago
In the last six months
-Knewton raised $12.5MM
-Eleutian Technology raised $10MM
-Orbis Education raised $8MM
-LiveMocha raised $8MM
-Kakai raised $7.5MM
-Moonshoot raised $6.6MM
-Cramster raised $6MM
That's about $100MM in the last six months alone and this is an industry where there are a number of fundings that never get announced. Again, I agree with your main premise, just not sure the data is as dire as you suggest.
- rafaelc 16y agoGood point over the last six months. Still, that's why I said averaging $100 mln per year over the last 5 years. For example, last year was an incredibly challenging year for everyone but the investment in education was really low and counts for that 5 year average. Regardless, you can look back over the years before and see that it hovered around $100 mln average per year. Stepping back, your last 6 months point is why I wrote the article -- you can see that VC investments are accelerating, and it's only going to get better for guys like you and me with education startups.
- rafaelc 16y agoOne more point: from that same Berkery Noyes presentation, there is a table that has VC investments by category. The smallest one that shows up as a category (for 2008, a fantastic year until the fall) is Healthcare Services at $191 million that year. That drives part of the "around $100 mln a year over the last 5 years" point too, since it's safe to assume that Education is somewhere under that amount. Though to be fair, disagreeing about whether it's an average of $150 mln or $100 mln over the past 5 years does get away from the larger point, which I think we agree on.