Funding Daily: VC helping hands lead to startup happy feet

Good thing we start happy hour late here at VentureBeat, or we would have missed Fab.com’s big news yesterday afternoon. In other $100+ announcements, Penguin took an independent, self-publishing platform under its wing, and Microsoft and Yammer sealed the deal. If its under $100 million, does it still count as news? Yes! So keep on reading for what happened today, above and below the $100 million threshold.

What the next multibillion-dollar edtech company will look like

Education companies nationwide are raising funds, and eyebrows, as they receive more and more attention from the national media. In the past few months, more than $110 million has flooded startups like 2tor, Coursera, The Minerva Project and StraighterLine. In 2011, VCs invested nearly $430 million in edtech companies, and by 2015, the market size for U.S. education could reach $1.2 trillion, according to recent estimates.