A tutoring platform that I profiled in last November called infiLearn, now changed name to GlobalScholar has raised $27 million in round B. As a Program Coordinator worked in the postgraduate sector, I always believed that Web 2.0 and education are two major trends in technology that are inextricably linked. I came across a lot of e-program specifically targeting the working adult, but the emerge of a technology platform such as GlobalScholar for the young students reflect that the Internet revolution in educational market are in place.

As widespread on the Web, GlobalScholar has raised $27 million in a new round and also purchased a Colorado-based Excelsior Software, which provides a range of education solutions software suites, featuring several set of student assessment technologies. However, financial terms of the acquisition were not disclosed. The acquisition was announced as part of a venture capital round for GlobalScholar. Existing investors include Knowledge Universe Education and Ignition Partners, with several investors that have pumped into infiLearn $15.5 million in previous round, that makes the total amount of venture funding raised by infiLearn (now GlobalScholar) to a whopping $42.5 million.

From the infiLearn beta site to GlobalScholar, many new content have been added to the site. The columns such as Popular Teachers, Featured Classes, SAT Tutoring, College Finder and the lightweight mashup with Microsoft’s Virtual Earth in finding colleges’ location such as MIT’s map showed that this site has been a purely labor of love for the GlobalScholar team, not barely on the money. As educational markets continue to evolve, many new frontiers such as GlobalScholar will have an impact beyond their initial drafted markets. Regardless how much its acceptance by the public, I believed GlobalScholar will play an increasing role in shaping the innovation surrounding educational market.

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