Ed Tech Startup General Assembly Raises Another $10 Mil

Another education startup has just concluded an immensely successful funding round, according to Leena Rao at TechCrunch. The startup, called General Assembly and located in New York, describes itself as a place for both learning from and interacting with premier developers and business thinkers in the technology industry.

According to the SEC filing, the company has drawn new investment in the amount of $10 million. Among those putting the money into the pot is the venture capital fund Vegas TechFund, founded and overseen by the CEO of Zappo's Tony Hsieh. Another entrepreneur who added himself to the list of investors is Amazon's Jeff Bezos, whose fund Expeditions seeks out investment opportunities in promising tech startups.

The new capital will allow General Assembly to increase its course offerings offline and online, scale its enterprise education offerings and develop its newer locations, including an expansion to Las Vegas.

General Assembly originally launched as a co-working space but quickly evolved into an urban educational facility and event space for the technology and design industry. The company, which was co-founded by Brad Hargreaves, Adam Pritzker, Matthew O. Brimer and Jake Schwartz, offers classes and seminars on technology, business and design.

General Assembly's initial funding round raised nearly $4.5 million from some of the same sources that pitched in money in the second round. The company also won a $200,000 grant from New York City's Economic Development Corporation in 2011. After two rounds, the company has brought in total funding in the amount of $14.3 million.

The company has already put some of its aggressive expansion plans into action. Its first move was local and necessitated by explosive growth. In the middle of this year, the decision was made that the General Assembly had outgrown its initial home located at 902 Broadway and a change of venue was in order. In addition to moving into a new 12,000 square foot space in New York, located just down the block at 915 Broadway, this year marks the opening of its second campus in London. The international expansion will continue into next year with a Berlin space to follow next.

In the future, the startup wants to create a global network of campuses for individuals seeking opportunities in education, technology, business and design, and is also looking to move their educational content online. We can assume this new round of funding will help accomplish these goals.

General Assembly is a campus for technology, design, and entrepreneurship. They provide educational programming, space, and support to facilitate collaborative practices and learning opportunities across a community inspired by the entrepreneurial experience

Privacy Policy Advertising Disclosure EducationNews © 2020