Grovo and Authorea Reap Latest Rounds of Funding in New York
On Tuesday, a pair of funding announcements—for online learning and a research platform—came out of New York as the city continued to dig out of the snow.
Authorea, a startup that developed a platform for scientific, academic, and medical collaboration, announced it raised $1.5 million in a round led by Lux Capital, with the Knight Foundation, ff Venture Capital, and New York Angels participating.
Users of Authorea can provide input and share research findings for eventual publication. The GitHub-style collaboration platform has been used by those studying the Ebola virus and for other research pursuits.
According to the announcement, Authorea’s platform is also being used these days by researchers in genomics, computational biology, and environmental sciences.
At the deeper end of the funding pool, Grovo announced it raised $40 million in a Series C round for its software-as-a-service for workforce training. Accel led the round, with Costanoa Venture Capital, SoftTech VC, Greg Waldorf, and Gary Vaynerchuk’s Vayner Capital participating. Last February, Grovo raised a $15 million Series B round, also led by Accel.
The company said the latest funding will go towards expanding its product lineup. Grovo is part of a rise in online-based education services for helping workers develop new or sharpen existing skills. Last March, the Capital One Opportunity Fellows Fund said it would tap Grovo’s services, along with other resources, to help train more people to find jobs in the digital economy.