Financial Briefs, Sept. 28, 2018

September 28, 2018 | Volume 49, Number 19

Writable (Palo Alto, CA), a provider of online writing practice resource for schools, in August announced $3.2 million in seed financing led by Omidyar Technology Ventures, including strategic participation from Houghton Mifflin Harcourt (Boston). Writable said the financing will be used to expand product development and help schools continue to assess, monitor, and grow their student outcomes in writing through Writable's authentic writing practice and feedback platform. Founded in 2016, Writable worked with more than 1,000 schools in the 2017-2018 school year, and it is expanding its distribution through a deep integration with HMH that connects easy-to-use, cross-curriculum writing practice to their best-in-class humanities instruction.

Computer science curriculum startup Codelicious (Indianapolis) in August closed its $940,000 financing round, oversubscribing the $500,000 goal. Investors included Collina Ventures , GRE Capital and Elevate Ventures , among others. Building its full-semester computer science curriculum for grades 3-8 since 2016, Codelicious went to market in January 2017 with a subscription model and by the spring landed its first school district. Since the January 2017 launch of its curriculum-as-a-service model, Codelicious has secured paying clients with revenues of more than $100,000.

Concourse Global (Brooklyn, NY), an online platform for education institutions that brings together college guidance counselors and artificial intelligence to match and connect international students with higher education opportunities, in August completed the initial closing of a staged $2 million in seed funding led by Colle Capital. Other investors include A-Star Education, Third Kind VC, LearnStart, and Jay Varkey, group executive director of GEMS Education. Concourse plans to use the new funding to expand and further develop its AI based matching technology to further its mission of making higher education more globally accessible by increasing opportunities for discovery and engagement between students, high school counselors, and universities.

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