Minerva Project Announces $70M in Series B Funding
October 16, 2014
Minerva Project has announced $70 million in Series B funding, of which it has closed on the first tranche of $49 million; the remaining amount will be allocated in by the beginning of 2015. The round was led by a consortium of Chinese investors, TAL Education Group (NYSE: XRS), ZhenFund and Yongjin Group, and received a return investment from Benchmark Capital. Founded in 2012, Minerva Project is an accredited, highly selective undergraduate program with a curriculum emphasizing the development of key habits of mind and foundational concepts rather than knowledge dissemination. In 2012, it raised a $25 million seed funding at a valuation of over $66 million.