Education Tech Investments Surpassed $1 Billion In 2012

Wednesday, February 6, 2013

On Jan. 15, announced a $103 million investment led by Accel Partners and Spectrum Equity. The 17-year-old service, which offers online tutorials in web design, photography, and business, has trained more than two million people worldwide. The company plans to use the outside funding, its first, to support as it expands internationally.

"It will also add value to our membership with broadened content areas and accelerated scaling of our Web and video platform," said Eric Robison, CEO of, in a statement. Two massive open online course (MOOC) companies, Coursera and Udacity, have each reportedly received around $23 in investments in the last 18 months.

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