Schoology, the makers of a one-stop, cloud-based learning management system for primary and secondary schools, is announcing today that it has closed a $6 million series B round of venture funding. The round was led by FirstMark Capital and includes contribution from existing investor Meakem Becker Venture Capital, bringing the New York-based startup’s total funding to $9.3 million. http://dlvr.it/1RhFwZ
A year ago, Peter Thiel called it a bubble. Whatever you call it, the cost of attaining a college degree has skyrocketed to the point of absurdity — to the point of one trillion red flags. Student debt in the U.S. recently pushed over $1 trillion, and the average debt per student now stands at more than $25K. (And 30 percent of students are more than 30 days overdue on payments.) StraighterLine, a Baltimore-based startup, is one of many young companies trying to find a solution to these rising costs, through online education. Founded in 2010, StraigherLine offers a low-cost, subscription-based service that allows students to take a variety of accredited, general ed courses online. And, now, with the goal of bringing its service to a wider audience, the startup has announced that it has raised $10 million in venture capital. http://dlvr.it/1RMnL4
