San Francisco-based primary education startup AltSchool has raised $33 million in a Series A round led by Founders Fund and Andreessen Horowitz with participation from First Round Capital, Harrison Metal, John Doerr, Learn Capital, and Omidyar Network. AltSchool utilizes technology to personalize education, providing each student with an iPad and equipping classrooms with video and audio recording systems so teachers can document learning. With one school already open, AltSchool will use the new funds to build out technology infrastructure and open at least three additional micro-schools in San Francisco.
Chinese gaming company FunPlus has raised $74 million in new funding from Orchid Asia Group, GSR Ventures, and Steamboat Ventures. FunPlus is the creator of Family Farm, Royal Story, and Fantasy Slots, three free-to-play Facebook games supported by players who buy in-game virtual currency. Founded in 2010, FunPlus has raised over $87 million to date and will use the new round to fund hiring and global growth.
Los Angeles-based apartment rental app RadPad has raised $1 million in seed funding from Deep Fork Capital, Post Investments, Michael Huffington, Brian Lee, and others. RadPad is a photo-based mobile rental marketplace for property owners and renters to list and find properties. Launching early last year, RadPad now claims 40 percent of all Los Angeles millenials as users and is available in a list of cities nationwide.
Since the last email, CrunchBase captured more than 46 rounds and $381 million in fundings... and the data keeps rolling in.
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