The Daily Startup: Warburg Pincus Leads $60M Round in Civitas Learning

dailystartup_D_20090806101628.jpgArt by Mike Lucas

Warburg Pincus has led a $60 million growth round in ed-tech startup Civitas Learning Inc., marking the latest large investment in the sector during what could be a record year, Lizette Chapman reports for Dow Jones VentureWire. The Series D infusion is structured as a line of equity, with roughly $30 million in the bank and another $30 million available as Civitas needs it to make acquisitions. Other investors in the round include Austin Ventures, Gera Venture Capital, Emergence Capital Partners, Rethink Education and SJF Ventures.

Venture capital investment in U.S.-based education and training startups reached $604.4 million during the first half of 2015, according to industry tracker Dow Jones VentureSource. If that pace continues, total venture investing in the sector in 2015 would break the previous high of $1.08 billion set in 2000.

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(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving startups and their venture backers. For a two-week trial, visit, scroll to the bottom and click “try for free.”)


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