The largest deals of the last two weeks:
🇮🇳 Byju's has raised a $250M Late VC round led by Qatar Investment Authority. The new funding round valued the startup at $22B, the same figure as its last financing round in March this year. The funding announcement comes only days after Byju’s announced that it will eliminate 5% of its workforce or 2.5K jobs.
🙋🏻♀️ Questions about Byju's rapid expansion tactics aren't novel, this Finacial Times piece takes a look behind the curtain of Edtech's most valued company.
🇨🇦 Toronto-based Ten Thousand Coffees raised a $56M Late VC round by Five Elms Capital. The startup facilitates mentoring, employee connectivity, and skills development for employees.
🇮🇱 TaTio, a startup looking to make the recruitment process more inclusive by connecting companies to candidates who have the right skills, but lack a traditional resume, raised a $5.3M Seed round.
🇬🇧 Cybersecurity solution for corporates, Immersive Labs, raised a $66M Late VC round by Ten Eleven Ventures, with participation from existing investors Goldman Sachs Asset Management, Summit Partners, Insight Partners, Menlo Ventures, and Citi Ventures.
🇮🇳 Adda247 has raised a $35M Late VC round led by WestBridge Capital with participation from Google, Info Edge, Asha Edu Tech and JM Financial.
Other notable edtech deals:
🇬🇧 Zen Educate raised a $22M Series A led by Brighteye Ventures with participation from several notable private investors and family offices, including Simon Rogerson and Chris Hulatt.
🇫🇷 LabLabee, an upskilling platform for telco operators, industrial companies, and training centers, raised a $1.4M Pre-Seed round led by Brighteye Ventures with participation from Accel, Kima Ventures and e& capital.
🇫🇷 La Solive, a training platform for technical operators who are looking to reskill and upskill their careers in the energy renovation sector, raised a $1.5M Pre-Seed round from Brighteye Ventures, Evolem and several angels, such as the founders of Le Wagon, and others.
Read up on all the latest edtech deals in Dealroom.co.
