GlobalScholar Receives $27,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e31b4b6c-5833-4a01-a99e-7f1ca28f3b48&Preview=1
Date
2/1/2008
Company Name
GlobalScholar
Mailing Address
10900 NE 4th Street Bellevue, WA 98004
Company Description
GlobalScholar.com offers a unique online tutoring platform, where parents and students can safely connect with trusted educators who provide one-on-one tutoring, homework help or self-paced learning. The GlobalScholar platform also can be used by schools and school districts to enable teachers and administrators to more efficiently and effectively create, manage and align content, assessments, curriculum, standards and supplemental learning to drive educational performance.
Website
http://www.globalscholar.com
Transaction Type
Venture Equity
Transaction Amount
$27,000,000
Transaction Round
Series B
Proceeds Purposes
Part of the capital will be used to acquire Excelsior Software, a Greeley, Colo.-based provider of educational assessment management solutions.
M&A Terms
Venture Investor
Ignition Partners
Venture Investor
Undisclosed