GlobalScholar lands $27M for online tutoring
Started in late 2006 as Infilearn.com by former Drugstore.com CEO Kal Raman, GlobalScholar is an online education startup that offers online tutoring services for K-12 students.
The Bellevue, Wash. company also offers test prep tutoring and CollegeFinder, which helps high school students find the right college to go to.
GlobalScholar will use part of the funding to acquire Excelsior, a Colorado company that makes software used by school districts to track student performance. It will continue to operate Excelsior as a fully functional subsidiary.
The $27 million funding was provided by Ignition Partners and Knowledge Universe, who also provided the company’s previous, undisclosed round. The funding was first reported on John Cook’s Venture Blog.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.