HotChalk is set to receive approximately $230m in equity funding, with Bertelsmann making the majority investment. The investment is subject to customary approvals and other closing conditions. Mohr Davidow Ventures will remain a significant shareholder following the deal. Founded in 2004 and based in Campbell, California, HotChalk provides online education solutions to universities and students across the United States. Its offerings include interactive course design, content development tools, marketing, and student recruitment, leveraging proprietary data analytics capabilities. The company enables online master’s and doctoral programs in partnership with seven nonprofit universities and supports a total of 33 degree-granting programs.

Total raised

$230M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2015