- Edmodo, a social-networking startup targeting K-12 teachers and students, joined this week's news-maker Coursera in attracting investment from the venture capital firm New Enterprise Associates.
- NEA (not to be confused with the National Education Association or National Endowment for the Arts) announced that it led a $25 million investment in the company.
- Edmodo was founded in 2008 and has reportedly registered more than 8 million members.
From the article:
Education has long been a challenging market for startups because it’s hard to sell into school systems and students tend not to be flush with cash.
New Enterprise Associates thinks that’s ancient history. The venture capital firm announced today it led a $25 million investment in Edmodo, the social-networking service for teachers and students in kindergarten through high school. ...