A New Round of Funding for Minerva
Minerva has informed that it has received 57 million US dollars in a fresh round of investing, taking its raised capital beyond 128 million US dollar
Chinese Tech Biggie, Byte Dance, who have given us TikTok, led a fresh round of funding, which saw the involvement from stakeholders such as TAL Education Group, K-12 an after school tutoring service provider, Yongjin Group, Pinpoint Ventures, Kakao Ventures, Tan Tan Ventures, Lighthouse Combines from Korea, and some new and regular investors.
Minerva will utilize the funds to involve educational institutions and corporations to fast track availability of its studies to common students.
Ben Nelson, Founder, Chairman, and CEO of Minerva Project said, “Minerva’s model for higher education is attracting interest from leading institutions and organizations who want to use the intellectual property we have developed. Our Series C funding will allow us to see improved educational outcomes for students beyond those at Minerva Schools, as we fuel the growth of these partnerships to fulfill Minerva’s mission of nurturing critical wisdom.”
Invaluable financing in E-education
Minerva was happy to receive Series C funding, and acknowledge the arrival of two new stakeholders Zhang Yiming, the CEO and Founder of Bytedance and Wendy Kopp, Founder Teach for All and Teach for America.
Yiming said, “We are excited and impressed by Minerva’s innovative approach to educating the next generation of talent,”
Setup in 2012, the main purpose of Minerva is to fill the gap of universities that are still following the traditional method to impart learning by educating them about using innovation available through technology.
Minerva has introduced software named Forum. It uses live video interaction, which makes it easier for the teachers to keep students vested and in line to get the right result through this innovative learning process.
While talking to press EdSurge, CEO of Minerva talked about how this new process has more reach in the global market than in US educational institutions. This hunch is backed by the well thought out and eager investors of Asia who are willing to back such a new project.
Nelson also said, “There is recognition in China that artificial intelligence and education are inextricably linked. There’s going to be a lot of collaboration between us in the coming years.”
