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.

Edmodo wants to be the cloud leader in EdTech, raises $15M more

Edmodo, a social network for education, stands poised to benefit tremendously from the great shifts taking place in educational delivery. The company announced today that it raised $15 million from  Greylock Partners and Benchmark Capital. Greylock partner and LinkedIn co-founder Reid Hoffman, and Benchmark Capital general partner Matt Cohler also joined Edmodo’s board.