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LA's AET Fund Raises $50M For Entertainment Technology Investment

socalTECH

A new, Los Angeles venture capital fund, AET Fund said on Wednesday that it has raised $50M to make investments in entertainment technology, and hired someone to head up its U.S. AET Fund had said last year that it would be establishing its venture funding efforts in Los Angeles. investment efforts. and ALE Co.,

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Higher Ground Education Acquires Altitude Learning LMS

socalTECH

Lake Forest-based Higher Ground Education, which operates a network of Montessori schools in the US and China, says it has acquired software developer Altitude Learning LMS. According to Higher Ground, it has acquired the Altitude Learning LMS technology, along with Altitude's product and engineering teams.

Education 113
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Why Technology Alone Won’t Fix Education

Xconomy

“ Artificial intelligence will transform the education system.” “ Immersive technology will reshape learning forever.” These are just some of the industry rumblings about how edtech will disrupt and ultimately “fix” what’s wrong with the education system in the United States. The truth is: technology alone isn’t the answer.

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Two Bit Circus Launches Education Nonprofit

socalTECH

T4T.org salvages manufactured goods for use in educational projects, to help in the areas of STEAM (science, technology, engineering, art and math) learning. Two Bit Circus has been active in promoting STEAM learning, with many of its educational entertainment-themed activities centered on STEAM principles.

Education 124
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Three LA Organizations Score Funding From Google For CS Education

socalTECH

Three, local Los Angeles organizations -- DIY Girls , LA Maker Space , and Teens Exploring Technology (TXT), have scored nonprofit funding from Google, as part of the 2016 Google RISE Awards , according to the groups. All three of the groups are helping to overcome the lack of computer science education in local, LA public schools.

Education 100
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Section 32 Raises $740M For Fourth Venture Fund

socalTECH

San Diego-based venture capital investment firm Section 32, led by former Google Ventures founder Bill Maris, has raised $740M in its fourth venture capital fund, the company said this morning. As part of the new fund, the firm said it has named Nina Labatt as its new Chief Operating Officer and Chief Financial Officer.

Funding 113
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L Squared Capital Closes $500M Fund

socalTECH

Newport Beach=based private equity investor L Squared Capital said on Wednesday that it has closed a new fund, L Squared Capital Partners III , at just over $500M. L Squared says its sectors of focus include education technology, tech-enabled services & software, and industrial technology & services.

Capital 113