News Byte

Knewton Raises $51M for Personalized Learning

in News on December 20, 2013 at 10:03 am PT

Education technology startup Knewton, which makes tools that adapt to each student’s learning style, has raised $51 million led by Atomico, along with GSV Capital and existing investors Accel Partners, Bessemer Venture Partners, First Round Capital, FirstMark Capital and Founders Fund. This doubles the New York-based company’s funding and is meant to help it expand around the globe with schools and academic publishers.

News Byte

Ticket Search Service SeatGeek Buys Competitor FanSnap

in Commerce on December 19, 2013 at 10:01 am PT

SeatGeek, a ticket search service that gets about 3.5 million visits per month and expects $12 million in revenue this year, has bought its competitor FanSnap in order to take it off the market. FanSnap, which had raised $16 million in funding (more than twice as much as SeatGeek), had previously been bought in 2011 by Wize Commerce. SeatGeek said it raised $2.2 million to finance the acquisition, but didn’t offer other terms of the deal.