Monday
January 23
2017

Cuemath raises $15 million in Series B round from Alphabet

Education start-up Cuemath, run by Cuelearn Pvt. Ltd, has raised $15 million in Series B round of funding led by equity investment fund of Alphabet Inc., CapitalG (formerly known as Google Capital), the company said in a statement on Monday.

Existing investor Sequoia India also participated in the round. The company will use the funds for business expansion and product development.

Previously, the company had raised $4 million from Sequoia India and Unitus Seed Fund in June 2016. The company is also backed by Alok Mittal, former managing director of Canaan Partners.

Source: Live Mint (link opens in a new window)

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Education, Investing, Technology
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education, impact investing, technology