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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