iKobo, a provider of online electronic payment services, and TetraData Corp., a developer of school data analysis software, both have landed new rounds of venture capital.
TetraData, which is based in Greenville, SC, has closed on a $4.3 million investment from Edison Venture Fund.
TetraData is focused on educational data analysis for the primary and high school education markets.
Ikobo has closed on $3.39 million in Series A funding from Total Technology Ventures, Council Ventures and WS Investments.
Also participating were Global Bank of Commerce and the company’s chairman, John Chamberlin, as well as co-founder Emeka Ohuche. VentureWire reported the amount of the investment.
“iKobo is a high-growth company with a compound annual growth rate of over 400% between 2001 and 2004,” Ohuche said in a statement. “Our investors recognize the huge potential and gains to be reaped by building out our technology infrastructure so we can rapidly scale to meet continued strong customer demand.”
iKobo is based in Atlanta. The company said the funds would be used for product development and recruitment.
Both deals were announced Monday.