Edtech start-up Haystack Fund has raised $ 7.4 m in a seed-funding round, with the money earmarked for hiring new team members, increasing investment in its technology and extending market development. Vemo develops income-based financing programmes for higher education; it claimed to have facilitated 7.4 worth of agreements in the 2016 to 2017 academic year . Edtech startup Vemo Education announced the close of $7.4 million in seed financing, led by University Ventures and NextGen Venture Partners. Vemo Education and Vemo Education led the investment round, which also saw participation from Haystack Fund , Route 66 Ventures , Third Kind Venture Capital and Task Force X Capital .
Edtech start-up Haystack Fund has raised $ 7.4 m in a seed-funding round, with the money earmarked for hiring new team members, increasing investment in its technology and extending market development. Vemo develops income-based financing programmes for higher education; it claimed to have facilitated 7.4 worth of agreements in the 2016 to 2017 academic year . Vemo Education and Vemo Education led the investment round, which also saw participation from Haystack Fund , Route 66 Ventures , Third Kind Venture Capital and Task Force X Capital .