Education


Posts filtered by tags: Edtech[x]


 

Kahoot acquires Clever, the US-based edtech portal, for up to $500M

Kahoot, the popular Oslo-based edtech company that has built a big business out of gamifiying education and creating a platform for users to build their own learning games, is making an acquisition to double down on K-12 education and its opportunities to grow in the U.S. It is acquiring Clever, a startup that has built a single sign-on portal for educators, students and their families to build and engage in digital learning classrooms, currently used by about 65% of all U.S. K-12 schools. Kahoo...
Tags: Europe, Education, US, Tech, K-12, M&a, Sam Altman, Clever, Edtech, Oslo, Paul Graham, Tyler, Kahoot, Eilert Hanoa, GSV Founders Fund Lightspeed


The product-led growth behind edtech’s most downloaded app

Duolingo CEO and co-founder Luis von Ahn was tired of the gray and dreary design aesthetic edtech companies used to emulate universities. Instead, he and the company’s early team sought inspiration from games like Angry Birds and Clash Royale, looking to build a class that screamed more cartoon anarchy than lecture hall. From that frenetic creativity came the company’s distinctive mascot: a childish and rebellious evergreen-colored owl named Duo. Duolingo didn’t just throw out the old colors tho...
Tags: Startups, TC, Education, Tech, EC, Edtech, Duolingo, Angry Birds, Pittsburgh, Luis Von Ahn, Tyler Murphy, Super Mario Brothers, Ahn, EC-1, EC Edtech, Duo Duolingo


How Duolingo became fluent in monetization

As its meandering route to monetization will demonstrate, Duolingo isn’t mission-oriented, it’s mission-obsessed. Co-founders Luis von Ahn and Severin Hacker never wanted to charge consumers for access to Duolingo content, a purpose imbued throughout the company’s culture. For years in order to work at Duolingo, you had to be comfortable with joining a company in Pittsburgh that was in no rush to make money. The startup, filled with education enthusiasts and mission-driven employees, became “ver...
Tags: Google, Startups, TC, Education, Tech, Brazil, Silicon Valley, EC, Edtech, Duolingo, Sand Hill Road, Pittsburgh, Gordon, Kleiner Perkins Caufield Byers KPCB, Luis, Luis Von Ahn


Duolingo can’t teach you how to speak a language, but now it wants to try

Duolingo has been wildly successful. It has pulled in 500 million total registered learners, 40 million active users, 1.5 million premium subscribers and $190 million in booked revenues in 2020. It has a popular and meme-ified mascot in the form of the owl Duo, a creative and engaging product, and ambitious plans for expansion.There’s just one key question in the midst of all those milestones: Does anyone actually learn a language using Duolingo? “Language is first and foremost a social, relatio...
Tags: Startups, TC, Education, Obama, Tech, Edtech, Carnegie Mellon University, Duolingo, Babbel, Pittsburgh, Language Learning, Luis Von Ahn, Ahn, Busuu, EC-1, Bernhard Niesner


How a bot-fighting test turned into edtech’s most iconic brand, Duolingo

Luis von Ahn, an entrepreneur who has dedicated his career to scaling free education, has probably annoyed you more than once. In fact, you’ve likely been annoyed by his work dozens and maybe hundreds of times over the years. A decade before he co-founded the whimsical and language-learning app Duolingo, one of the most popular education apps in the world with over 500 million downloads and 40 million active users, he was building the technology that would become CAPTCHA, those human-annoying bu...
Tags: Google, Startups, TC, Education, Yahoo, Tech, Duke, Edtech, Carnegie Mellon University, Duolingo, Pittsburgh, Carnegie Mellon, Guatemala City, Luis Von Ahn, Manuel Blum, Ahn


The Duolingo EC-1

Education may well be the most important activity we conduct as a society — and it may also be the hardest space to build a startup in. Selling to school districts and universities is notoriously difficult, but enticing consumers is even harder. Learning takes focus, patience, tenacity and resources, and most consumers would prefer to watch some lip-sync videos on TikTok than stare at math equations (not to mention that such entertainment is free). Engagement and education feel aggressively at o...
Tags: Startups, TC, Education, Tech, EC, Edtech, Duolingo, Pittsburgh, Mascarenhas, Luis Von Ahn, Danny Crichton, EC-1, Richard Dal Porto, EC Edtech, Natasha Mascarenhas Mascarenhas, Nigel Sussman Duolingo


What the MasterClass effect means for edtech

MasterClass, which sells a subscription to celebrity-taught classes, sits on the cusp of entertainment and education. It offers virtual, yet aspirational learning: an online tennis class with Serena Williams, a cooking session with Gordon Ramsay. While there’s the off chance that an instructor might actually talk to you — it has happened before — the platform mostly just offers paywalled documentary-style content. The vision has received attention. MasterClass is raising funding that would value...
Tags: Startups, TC, Education, Microsoft, Entertainment, India, Funding, US, Toronto, Tech, Fundraising, Dell, Gordon Ramsay, Serena Williams, Edtech, Chess


Tom Brady and Salesforce Ventures pour millions into Class, a Zoom-friendly edtech startup

Class, an edtech startup that integrates exclusively with Zoom to make remote teaching more elegant, has raised $12.25 million in new financing. The round brings Salesforce Ventures, Sound Ventures and Super Bowl champion Tom Brady onto its capital table. CEO and founder Michael Chasen said that Marc Benioff, the CEO of Salesforce, approached the company about investing in Class. Salesforce Ventures launched a $100 million Impact Fund in October 2020, a month after Class launched, to back edtech...
Tags: Startups, TC, Education, Tech, Tom Brady, Salesforce, Edtech, Salesforce Ventures, Marc Benioff, Zoom, Chasen, Michael Chasen, Recent Funding, Salesforce Ventures Sound Ventures, Class Salesforce Ventures, Engageli Top Hat


Indonesian edtech CoLearn gets $10M Series A led by Alpha Wave Incubation and GSV Ventures

A Zoom screenshot with CoLearn’s founding team: Marc Irawan, Abhay Saboo and Sandeep Devaram Indonesian startup CoLearn started as a chain of physical tutoring centers and was in the process of shifting to a hybrid offline-online model when the COVID-19 pandemic hit. The team sensed that remote learning would permanently change how students want to be tutored and decided to focus completely on its app, which launched in August 2020. CoLearn has since been downloaded more than 3.5 million time...
Tags: Fundings & Exits, Startups, TC, Asia, Education, Indonesia, China, Southeast Asia, India, Tech, Edtech, Online Learning, Jakarta, Zuoyebang, Organisation for Economic Co, Pisa


Garry Kasparov launches a community-first chess platform

Four years ago, MasterClass, a platform that sells celebrity-taught classes, invited chess legend Garry Kasparov to teach a class. He said yes, but soon realized that creating a message that could satisfy a majority of players was a “struggle throughout the process.” While the class did pretty well, Kasparov found it “a little bit annoying” that he had to downplay concepts and stick to a specific structure. So, now, Kasparov is launching a platform he says has been several years in the making: K...
Tags: Startups, TC, Gaming, Education, Entertainment, Tech, Netflix, Edtech, Chess, Early Stage, Vivendi, Masterclass, Rupaul, Moe, Garry Kasparov, Kasparov


Yak Tack is a super simple app to boost vocabulary

Word nerds with a love for linguistic curiosities and novel nomenclature that’s more fulsome than their ability to make interesting new terms stick will be thrilled by Yak Tack: A neat little aide–mémoire (in Android and iOS app form) designed for expanding (English) vocabulary, either as a native speaker or language learner. Yak Tack uses adaptive spaced repetition to help users remember new words — drawing on a system devised in the 1970s by German scientist Sebastian Leitner. The app’s core m...
Tags: Startups, Apps, Education, Tech, Edtech, Bootstrapping, Gusto, Language Learning, Japan Germany, Jeremy Thomas, COVID-19, Yak Tack, Sebastian Leitner, Oxford Merriam Webster, Wikpedia, Tack Board


Amira Learning raises $11M to put its AI-powered literacy tutor in post-COVID classrooms

School closures due to the pandemic have interrupted the learning processes of millions of kids, and without individual attention from teachers, reading skills in particular are taking a hit. Amira Learning aims to address this with an app that reads along with students, intelligently correcting errors in real time. Promising pilots and research mean the company is poised to go big as education changes, and it has raised $11 million to scale up with a new app and growing customer base. In classr...
Tags: Fundings & Exits, Startups, TC, Apps, Learning, Education, Funding, NFL, Tech, Reading, Schools, Machine Learning, Angel, Houston Texans, Edtech, Amira


Outschool is the newest edtech unicorn

Outschool, a marketplace providing small-group, virtual after-school activities for children has raised a $75 million Series C led by Coatue and Tiger Global Management. TechCrunch first learned of the round from sources familiar with the transaction; the company confirmed the deal to TechCrunch later today. The new funding values Outschool’s at $1.3 billion, around 4 times higher than its roughly $320 million valuation set less than a year ago. To date, Outschool has raised $130 million in vent...
Tags: TC, UK, Education, Funding, Tech, United States, Fundraising, Airbnb, Tiger Global, Edtech, Early Stage, Unicorn, Pandemic, Series C, Outschool, COVID-19


Discover how Duolingo started with CEO Luis von Ahn at Disrupt 2021

Before Luis von Ahn co-founded Duolingo, a gamified language-learning app used by hundreds of millions around the world, he was fixated on squiggly letters. The entrepreneur was a co-inventor of CAPTCHA and reCAPTCHA, or those security prompts you get while browsing the web to verify if you are a human or if you are a robot. And while von Ahn often jokes that his early inventions were considered annoying (it causes friction when consumers have to decipher letters before logging into their email)...
Tags: Google, TC, Education, Events, Tech, Language, Edtech, Duolingo, Techcrunch Disrupt, Luis Von Ahn, Ahn, Von Ahn, Duolingo Von Ahn


Nonobvious acquisitions are on my 2021 bingo board

At the end of 2020, I argued that edtech needs to think bigger in order to stay relevant after the pandemic. I urged founders to think less about how to bundle and unbundle lecture experience, and more about how to replace outdated systems and methods with new, tech-powered solutions. In other words, don’t simply put engaging content on a screen, but innovate on what that screen looks like, tracks and offers. A few months into 2021, the exit environment in edtech…feels like it’s doing exactly th...
Tags: Startups, TC, Spotify, Education, China, Ipo, US, Linkedin, Tech, Compass, EC, Edtech, Coursera, Clubhouse, Deliveroo, NFT


Coursera prices IPO at top end of its range in boon to edtech valuations

Coursera, an edtech unicorn, will begin its life today as a public company after pricing its IPO at $33 per share yesterday evening. Using a simple share count, the company’s valuation comes to $4.30 billion, or $4.38 billion if its underwriters exercise their option to purchase shares at its offering price. A more diluted share count pushes the valuation of Coursera over the $5 billion mark. Coursera was last valued at $2.57 billion after raising $130 million in mid-2020, per PitchBook data. Th...
Tags: TC, Education, Ipo, Tech, Edtech, Coursera, SPAC, Deborah Quazzo, Owl Ventures, GSV, Quazzo, Ian Chiu


Coursera set to roughly double its private valuation in impending IPO

In a new S-1/A filing, Coursera set an initial IPO price range between $30 and $33 a share, signaling the market views its edtech business warmly ahead of its impending public offering. Coursera will have 130,271,466 shares outstanding after its IPO, or 132,630,966 including its underwriters’ option. At $30 per share, the low end of the company’s IPO range and a share count inclusive of 2,359,500 shares reserved for its underwriting banks, the firm would be worth $3.98 billion. That number rises...
Tags: Fundings & Exits, Startups, Education, Ipo, Tech, S-1, Edtech, Coursera, Mooc, Renaissance Capital, EC News Analysis, EC Edtech


This new startup is weeding out the weed-out classes, instead of students

Five years ago, entrepreneur Dan Sommer bet big on the adult learning space when he was building out Trilogy Education, an online and in-person bootcamp in collaboration with universities to train workforces on the latest tech skills. In 2019, Sommer sold that company for $750 million to 2U in one of the largest edtech exits to date. And today, Sommer is launching a new venture-backed startup in education that goes a few steps earlier in the learning journey: high school. Edge Pathways is a for-...
Tags: Startups, TC, Education, Stem, Tech, Edtech, First Round Capital, Higher Ed, Drexel, Sommers, Sommer, Rethink Education, Recent Funding, Bill Trenchard, Dan Sommer, Emerge Education


Coursera is planning to file to go public tomorrow

Coursera, an online education platform that has seen its business grow amid the coronavirus pandemic, is planning to file paperwork tomorrow for its initial public offering, sources familiar with the matter say. The company has been talking to underwriters since last year, but tomorrow could mark its first legal step in the process to IPO. The Mountain View-based business, founded in 2012, was last valued at $2.4 billion in the private markets, during a Series F fundraising event in July 2020. B...
Tags: Startups, TC, Education, Tech, Bloomberg, B Corp, Edtech, Coursera, Exit, Udemy, Chegg, SPAC, K12 Inc, GSV, Jeff Maggioncalda, IPO Coursera


GSV Ventures doubles assets managed with new fund focused on global edtech

GSV Ventures, co-founded by Deborah Quazzo and Michael Cohn, has raised $180 million in its second fund, exclusively focused on backing edtech startups across the globe. The startup now manages $277 million in cumulative assets, inclusive of its debut fund that was closed in 2016. The new fund will let GSV invest in 13 core holdings, with an average check size of $15 million. The firm reserves up to $20 million per position for follow-on capital. It will invest in seed, Series A and late growth...
Tags: TC, Education, Indonesia, India, Tech, Diversity, United States, Venture Capital, Edtech, Coursera, Deborah Quazzo, Nearpod, GSV, Michael Cohn, Techcrunch Include, Quazzo


Newsela, the replacement for textbooks, raises $100M and becomes a unicorn

Newsela, a SaaS platform for K-12 instructional material backed by the likes of TCV, Kleiner Perkins, Reach Capital, and Owl Ventures, announced today that it has raised $100 million in a Series D round. The financing was led by new investor Franklin Templeton, and brings Newsela’s valuation to $1 billion. The new round is larger than the aggregate of Newsela’s prior capital raised to-date. “Hitting $1 billion [in valuation] doesn’t change a thing,” Newsela CEO Matthew Gross told TechCrunch. But...
Tags: TC, Media, Education, Tech, Analytics, Teaching, United States, National Geographic, Edtech, Matthew Gross, Newsela, Franklin Templeton, Textbook, TCV Kleiner Perkins Reach Capital and Owl Ventures


James Murdoch’s Lupa Systems leads $31 million investment in India’s Doubtnut

Doubtnut, an Indian startup that helps students learn and master concepts from math and science using short videos, has raised $31 million in a new financing round, months after it rejected an acquisition offer from India’s largest edtech firm Byju’s. The three-year-old Gurgaon-headquartered startup said SIG and James Murdoch’s Lupa Systems led the $31 million Series B funding round. Existing investors Sequoia Capital India, Omidyar Network India and Waterbridge Ventures also participated in the...
Tags: Apps, Asia, Education, India, Funding, Tech, James Murdoch, Edtech, Gurgaon, Murdoch, Sig, Lupa, Byju, Uday Shankar, Sequoia Capital India, Waterbridge Ventures


Codecademy eyes the enterprise with $40 million in new capital

After going over four years without raising any capital, coding class platform Codecademy has raised a new tranche of money: a $40 million Series D round led by Owl Ventures, with participation from Prosus and Union Square Ventures. The startup is the latest edtech business to bring on capital after years without it, a list that includes ClassDojo, CourseHero, Quizlet and Udacity. But founder Zach Sims, who began the company in 2011 as a Columbia student, says that Codecademy’s growth, and hunge...
Tags: Startups, TC, Codecademy, Education, India, Tech, Coding, Edtech, Columbia, Udacity, Union Square Ventures, Chegg, Sims, Zach Sims, Owl Ventures, Recent Funding


Miami edtech startup Nearpod acquired by Renaissance

Nearpod, the Miami-based edtech company, is being acquired by Renaissance Holding Corp., a group that develops education technology. While Nearpod isn’t announcing the news until later this month, the information leaked to Yahoo! Finance yesterday, and a source inside the company confirmed the sale with TechCrunch this morning. The acquisition price, and further details, have yet to be disclosed. Nearpod offers an edtech platform that K-12 teachers use in the classroom to create interactive slid...
Tags: Education, Tech, M&a, Proquest, Miami, Edtech, Carrera, Crunchbase, Yahoo Finance, Dania Beach, Nearpod, Natasha Mascarenhas, Renaissance Holding Corp, Pep Carrera, Carrera Nearpod, Nearpod Prior


Tired of ‘Zoom University’? So is edtech

The rise of “Zoom University” was only possible because edtech wasn’t ready to address the biggest opportunity of the past year: remote learning at scale. Of course, the term encapsulates more than just Zoom, it’s a nod to how schools had to rapidly adopt enterprise video conferencing software to keep school in session in the wake of closures brought on by the virus’ rapid spread. Now, nearly a year since students were first sent home because of the coronavirus, a cohort of edtech companies is e...
Tags: Google, Startups, TC, Class, Enterprise, Education, Microsoft, Tech, Remote Work, Inspace, Facetime, Chromebooks, Edtech, Hall, Coursera, Emergence Capital


Pandemic-era growth and SPACs are helping edtech startups graduate early

Special purpose acquisition vehicles regained popularity in 2020 as an alternative way to take startups public, and now they are eyeing edtech companies. So far, Skillsoft has gone public through Churchill Capital, and Nerdy, parent company of Varsity Tutors, did the same through a reverse merger with TPG Pace Tech Opportunities. On the investor side, Edify and Adit EdTech Acquisition are both separate, $200 million SPACs for education companies. SPACs are not being used to prop up com...
Tags: Startups, Education, Ipo, Tech, Venture Capital, Private Equity, Edtech, Varsity Tutors, SPAC, Cohn, Wolford, Chuck Cohn, TPG, Skillsoft, EC Edtech, Churchill Capital and Nerdy


Google to roll out slate of over 50 updates for Classroom, Meet and other online education tools

Google today introduced a suite of updates for its online education tools whose adoption and further development have been accelerated by the pandemic, including Google Classroom, Google Meet and the next generation of G Suite for Education, now rebranded as Google Workspace for Education. In total, Google is promising more than 50 new features across its education products, with a focus on meeting educators’ and admins’ needs, in particular, in addition to those of the students. When Google fir...
Tags: Google, TC, Education, India, Tech, Chromebooks, Edtech, Classroom, Maharashtra, ChromeVox, Google Meet, G Suite for Education, Security Center, Google Classroom Google, Google Workspace for Education, Google Workspace for Education Fundamentals


Goldman Sachs and Sesame Workshop pour money into this edtech firm’s newest fund

Shauntel Garvey and Jennifer Carolan liked edtech before the sector was cool, so the duo co-founded Reach Capital in 2015 with a $53 million debut fund. The San Francisco-based venture firm has since put checks into education startups including Newsela, Sketchy, ClassDojo and Outschool, landing six exits so far. Now, after seeing its portfolio accelerate in the wake of the coronavirus, Reach is announcing its third fund aimed at backing edtech startups. Reach Capital III is a $165 million fund, ...
Tags: TC, Education, Sesame Street, San Francisco, Tech, Chicago, Venture Capital, Fund, Goldman Sachs, Edtech, Early Stage, Reach Capital, Owl Ventures, Quizlet, Carolan, Outschool


Labster gets millions from a16z to bring virtual science lab software to the world

Andreessen Horowitz, a venture capital firm with $16.5 billion in assets under management, has poured millions into an edtech startup that sells virtual STEM lab simulations to institutions. Copenhagen-based Labster, which sells virtual science laboratory simulations to schools, announced today that it has raised $60 million in a Series C round led by the prominent Silicon Valley firm, including participation from existing investors GGV Capital, Owl Ventures and Balderton Capital. Labster has no...
Tags: Startups, TC, Asia, Education, Africa, Tech, Vr, Virtual Reality, Denmark, Silicon Valley, Andreessen Horowitz, Copenhagen, Edtech, Latin America, Jensen, California Community College


SplashLearn raises $18 million for its game-based edtech platform

SplashLearn, a 10-year-old U.S.-headquartered edtech startup that teaches children through a game-based curriculum, has raised $18 million in a new financing round as it looks to expand to more markets. San Francisco-based Owl Ventures led the Series C funding round in SplashLearn, and Accel, which had earlier invested $7 million in the startup’s Series B, also participated in the new round. In an interview with TechCrunch, SplashLearn co-founder and chief executive Arpit Jain said one of the bi...
Tags: Apps, Education, India, Funding, San Francisco, Tech, United States, Edtech, Coursera, Accel, Jain, Patel, UK Australia Canada, Owl Ventures, Arpit Jain, Amit A Patel



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