Just when it looked like the bubble might be cracking, that venture capital investment in education was stuck in the doldrums, and that the year in EdTech might end with a whimper, no bang in sight, along comes Knewton to put an exclamation point on an active December.
In a whopping round that stands as the fifth largest venture investment for an education company in 2013, TechCrunch has learned that the New York City-based EdTech veteran has just closed a $51 million financing,