Coursekit Raises $5M From Former Facebook Exec, Others


Techtaffy Newsdesk

Coursekit, the academic social network, has raised $5 million in a Series A round of venture capital financing. Led by The Social+Capital Partnership, a new Silicon Valley venture firm started by former Facebook executive Chamath Palihapitiya, the round includes existing investors IA Ventures and new angel investors Joel Spolsky, the CEO of StackExchange, and Michael Kearns, a professor of computer science at the University of Pennsylvania. Ted Maidenberg, a general partner at The Social+Capital Partnership and a former board member at LivingSocial, has joined Coursekit’s board.

The funding comes on the heels of Coursekit’s public release in November.

Jospeh Cohen, 20, started Coursekit in New York with co-founders Dan Getelman and Jim Grandpre as undergraduate students at the University of Pennsylvania. In May 2011, they closed a $1 million seed financing, and are now focusing full time on the business.

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.