WizIQ, an India-based provider of online classroom software for teachers formerly known as AuthorGen, has raised $4m in its series B round from a consortium including Germany-based publisher Bertelsmann.
Kaizen, a private equity fund focused on the education sector led the B round, which came as WizIQ is merging with AuthorStream, a provider of an online presentation-based content.
WizIQ raised its first round in December 2006 from Band of Angels (BoA), New Delhi, before India’s largest education technology company, Educomp, invested the following September.