Posts filtered by tags: Tech[x]


Facebook makes education push in India

Facebook, which reaches more users than any other international firm in India, has identified a new area of opportunity to further spread its tentacles in the world’s second largest internet market. On Sunday, the social juggernaut announced it had partnered with the Central Board of Secondary Education, a government body that oversees education in private and public schools in India, to launch a certified curriculum on digital safety and online well-being, and augmented reality for students ...
Tags: Social, Facebook, Asia, Instagram, Education, China, India, Tech, Whatsapp, Virtual Reality, Augmented Reality, New Delhi, CBSE, Tiktok, Central Board of Secondary Education, Reliance Jio Platforms

As Q3 kicks off, four more companies join the $100M ARR club

Welcome back to our $100 million annual recurring revenue (ARR) series, in which we take irregular looks at companies that have reached material scale while still private. The goal of our project is simple: uncovering companies of real worth beyond how they are valued by private investors. The Exchange is a daily look at startups and the private markets for Extra Crunch subscribers; use code EXCHANGE to get full access and take 25% off your subscription. It’s all well and good to get a $1 bill...
Tags: Startups, TC, Cloud, Apps, Education, Tech, Upgrade, SaaS, ARR, Market Analysis, The Exchange, Zeta Global, Extra Crunch, 100M ARR club, Snow Software

Health class is outdated, so Lessonbee wants to fix it

Sex education in the United States is complicated. One example: For decades, the United States invested billions into abstinence-only programs. Eventually, schools rejected government funding for these programs and pushed a more comprehensive and medically accurate agenda. Even with progress, schools across the country continue to reckon with a legacy of inaccuracy. And the government is still funding abstinence-only programs. It’s bad news for students, and for founder of Lessonbee Reva McPollo...
Tags: Startups, TC, Education, Tech, United States, Recent Funding, Lessonbee, Lessonbee Reva McPollom, McPollom, Reva McPollom, National Health Education, Lessonbee State, McPollam

Chinese online learning app Zuoyebang raises $750M

Zuoyebang, a Beijing-headquartered startup that runs an online learning app, said on Monday it has raised $750 million in a new financing round as investors demonstrate their continued trust in — and focus on — Asia’s booming edtech market. U.S. investment firm Tiger Global and Hong Kong-based private equity firm FountainVest Partners led the six-year-old startup’s Series E financing round. Existing investors including SoftBank’s Vision Fund, Sequoia Capital China, Xiang He Capital, Qatar ...
Tags: Apps, Asia, Hong Kong, Education, China, Softbank, Funding, Tech, Beijing, Tencent, Qatar Investment Authority, Baidu, Tiger Global, Mary Meeker, Zuoyebang, Reuters

Indian startups diversify their businesses to offset COVID-19 induced losses

E-commerce giant Flipkart is planning to launch a hyperlocal service that would enable customers to buy items from local stores and have those delivered to them in an hour and a half or less. Yatra, an online travel and hotel ticketing service, is exploring a new business line altogether: Supplying office accessories. Flipkart and Yatra are not the only firms eyeing new business categories. Dozens of firms in the country have branched out by launching new services in recent weeks, in part to ...
Tags: Amazon, Facebook, Ecommerce, Apps, Asia, Instagram, Education, Entertainment, India, Tech, Walmart, Zomato, Logistics, Mumbai, New Delhi, Flipkart

Who really benefits from reskilling?

Nearly 40 million Americans are unemployed, and a recent study that examined more than 66,000 tech job layoffs found that sales and customer success roles are most vulnerable amid COVID-19. In response, some quarters of Silicon Valley are abuzz about a long-standing technology: reskilling, or training individuals to adopt an entirely new skillset or career for employment. As millions look for a way to reenter the workforce, the question arises: Who really benefits from reskilling technology? Tha...
Tags: Google, Work, Startups, TC, Layoffs, Education, Tech, Silicon Valley, Talent, Edtech, Herrera, David Blake, Degreed, The New York Times Now, Extra Crunch, Coronavirus

Indian edtech giant Byju’s in talks to acquire Doubtnut for more than $125M

Byju’s is in advanced stages of talks to acquire Doubtnut, a two-year-old education learning app, as the Indian edtech giant looks to expand its reach in smaller cities and towns in the world’s second largest internet market. Three sources familiar with the matter told TechCrunch that the acquisition offer from nine-year-old Byju’s values the younger startup between $125 million to $150 million. The talks haven’t finalized yet and its terms could change or the deal could fall apart, the sources ...
Tags: Fundings & Exits, Facebook, Apps, Asia, Education, India, Funding, Tech, New Delhi, Mary Meeker, TechCrunch, Byju, Sequoia Capital India, Byju's, Unacademy, India Byju

Mary Meeker’s Bond backs Indian online learning startup Byju’s

Indian online learning startup Byju’s has added one more high-profile name to the list of its backers: Bond. In a statement on Friday, Bangalore-based Byju’s said it had raised an undisclosed amount from the VC fund co-founded by Mary Meeker. The first-female founded VC firm’s check valued the nine-year-old Indian startup at $10.5 billion, according to a person familiar with the matter. TechCrunch reported early last month that Byju’s was in talks with some investors to raise as much as $400 mil...
Tags: Facebook, Apps, Asia, Education, India, Funding, Tech, Atlantic, Qatar Investment Authority, New Delhi, Bond, Mary Meeker, Oyo, Byju, Byju's, Raveendran Byju

Degreed lands new cash for upskilling in a down market

While the pace of layoffs might be slowing down, an extended recession is forcing companies to get smarter about the way they grow. One way to stay lean and stealthy? Have a team that is constantly learning and equally flexible. Degreed helps employers do exactly that by connecting employees to learning resources to master new skills. The edtech startup today announced it has raised $32 million in venture capital in a round led by Owl Ventures, bringing its total known raised to $182 million....
Tags: Startups, TC, Education, Tech, Nasa, Mccarthy, David Blake, Owl Ventures, Degreed, Chris McCarthy, Recent Funding, Ethena, Adepto Degreed

Kahoot raises $28M for its user-generated educational gaming platform, now valued at $1.4B

As schools stay closed and summer camp seems more like a germscape than an escape, students are staying at home for the foreseeable future and shifted learning to their living rooms. Now, Norwegian educational gaming company Kahoot — the popular platform with 1.3 billion active users and over 100 million games, most of which have been created by users themselves — has raised a new round of funding of $28 million to keep up with demand. The Oslo-based startup, which started to list some of its sh...
Tags: Startups, TC, Gaming, Europe, Education, Microsoft, Ipo, Disney, Tech, Northzone, Oslo, Kahoot, Recent Funding, DragonBox, Merkur Market, Eiler Hanoa

Edtech is surging, and parents have some notes

Unlike most sectors, edtech has been booming over the last few months. Flashcards startup Quizlet is now a unicorn, digital textbook company Top Hat is finding unprecedented surges in usage and student success business Edsights raised nearly $2 million from high-profile investors, all from inbound interest. Investors are so confident that homeschooling might become a trend that they just invested $3.7 million in Primer, which creates a “full-stack infrastructure” to help parents get started. ...
Tags: Google, TC, School, Education, Rihanna, Boston, Los Angeles, Tech, Atlanta, Ariana Grande, Pwc, Edtech, King, Vermont, Sara Mauskopf, Winnie

ClassTag raises $5M for parent-teacher communication

Like many working parents, Vlada Lotkina, the founder and CEO of ClassTag, wanted to be more involved in her daughter’s preschool education. A paper notice about an upcoming field trip, squeezed between messy folders in a backpack, begged for smart technology around parent-teacher communication, she recalls. Lotkina turned to other parents in the preschool class and found similar stresses. So, she teamed up with a fellow parent, Jason Olim, and launched ClassTag, a free parent-teacher communicat...
Tags: Startups, TC, Education, Tech, Ukraine, United States, University of Pennsylvania, Western Europe, Wharton School of Business, Early Childhood, Founder Collective, Education tech, Recent Funding, Alleycorp, Vlada Lotkina, ClassTag

University entrepreneurship — without the university

Eric Tarczynski Contributor Share on Twitter Eric Tarczynski is the Managing Partner at Contrary, a network-driven venture firm backed by founders from Facebook, Tesla, and many others. Across the country, university campuses are in limbo. The California State University system has committed to online classes in Fall 2020. Northeastern University is reopening as normal. UT Austin is taking a hybrid approach: in-person classes ...
Tags: Facebook, Column, Y Combinator, Education, Microsoft, Opinion, Entrepreneurship, Stanford, Tech, Harvard, Higher Education, Dartmouth, Reddit, Edtech, Malwarebytes, Steve Huffman

Zigazoo launches to be a ‘TikTok’ for kids, surpasses 100,000 uploads and downloads

Like many parents, Zigazoo founder Zak Ringelstein worries about his children’s screen time. His worries only grew when COVID-19 led to school shutdowns and kids came home to a world of remote learning. Now, as lockdowns extend, Ringelstein is learning to embrace screen time as a way to sneak education and entertainment into his kids’ digital diet. Ringelstein, the former founder of UClass (acquired in 2015), launched Zigazoo, which he describes as a “TikTok for kids.” Zigazoo is a free app wher...
Tags: Google, Startups, TC, Facebook, Apps, Education, Youtube, Tech, New York Times, Michelle Obama, Vox, Edtech, American Federation Of Teachers, Zak Ringelstein, Ringelstein, Tiktok

3 bearish takes on the current edtech boom

Edtech is booming, but a short while ago, many companies in the category were struggling to break through as mainstream offerings. Now, it seems like everyone is clamoring to get into the next seed-stage startup that has the phrase “remote learning” on its About page. And so begins the normal cycle that occurs when a sector gets overheated — boom, bust and a reckoning. While we’re still in the early days of edtech’s revitalization, it isn’t a gold mine all around the world. Today, in the spirit...
Tags: Startups, TC, Education, Tech, Venture Capital, Edtech, Market Analysis, Quizlet, Matthew Glotzbach, Recent Funding, Extra Crunch, Coronavirus, COVID-19, Remote Learning, Edsights

3 views on the life and death of college towns, remote work and the future of startup hubs

The global pandemic has halted travel, shunted schools online and shut down many cities, but the future of college-town America is an area of deep concern for the startup world. College towns have done exceedingly well with the rise of the knowledge economy and concentrating students and talent in dense social webs. That confluence of ideas and skill fueled the rise of a whole set of startup clusters outside major geos like the Bay Area, but with COVID-19 bearing down on these ecosystems and man...
Tags: Startups, TC, London, Education, Minneapolis, America, Tech, Higher Education, Venture Capital, Alex Wilhelm, Bay Area, Noah Smith, Danny Crichton, Market Analysis, Extra Crunch, Natasha Mascarenhas

EdSights raises money to help schools reduce their drop-out rates

While the idea of baring your soul to a chatbot might seem uncomfortable, sisters Claudia and Carolina Recchi think that might be exactly what college students across the United States need right now. The duo co-founded EdSights in 2017 to support high and medium-risk students to stay in school, and increase university retention rates. EdSights uses a chatbot, branded under a school’s mascot, to send personalized questions and messages to students to understand their biggest stresses. It then...
Tags: Startups, TC, Education, Tech, United States, Immigrants, Student, Edtech, Claudia, The Fund, ARR, Westminster College, Recent Funding, Warby Parker Harry, Carolina Recchi, Edsights

GO1, an enterprise learning platform, picks up $40M from Microsoft, Salesforce and more

With a large proportion of knowledge workers doing now doing their jobs from home, the need for tools to help them feel connected to their profession can be as important as tools to, more practically, keep them connected. Today, a company whose platform helps do precisely that is announcing a growth round of funding after seeing engagement on the platform triple in the last month., an online learning platform focused specifically on professional training courses (both those to enhance a ...
Tags: Startups, TC, Europe, Enterprise, Learning, Education, Microsoft, San Francisco, Training, Tech, Development, Salesforce, North America, Coursera, Salesforce Ventures, Madrona Venture Group

COVID-19 shows we need Universal Basic Internet now

Kevin Frazier Contributor Share on Twitter Kevin Frazier, a Masters of Public Policy student at the Harvard Kennedy School and JD candidate at the UC Berkeley School of Law, uses his spare time to advocate for better government. There’s a lot of chatter around what kind of stimulus is needed to save the economy and ensure financially vulnerable Americans can retain some degree of stability. Talks have included everything from...
Tags: Column, Education, Congress, Opinion, Government, America, Tech, Diversity, Broadband, Policy, Internet Access, Digital Divide, House, Electricity, Lincoln, Fdr

Homeschooling startup Primer raises $3.7 million seed round led by Founders Fund

As parents across the country are tasked with managing their children’s schooling amid a pandemic, investors are betting on a homeschooling startup that’s aiming to provide parents with services that can simplify the process of giving their kids a tailored education at home. Founder Ryan Delk says his startup Primer is building the “full-stack infrastructure” that parents need to homeschool their kids, an interactive suite of products that he hopes can “make homeschooling a mainstream option for...
Tags: Startups, TC, Education, Tech, United States, Founders Fund, Homeschool, Delk, Ryan Delk, Recent Funding, Naval Ravikant Cyan Banister

4 edtech CEOs peer into the industry’s future

When Zach Sims first started pitching his coding startup, Codecademy , he framed it to investors as a corporate tutoring company. That was intentional, despite the fact that edtech is a $5 trillion business. “It was much easier for investors to understand instead of an education company,” he said, noting that the industry has long been defined by tight budgets and slow sales cycles. But, as millions adopt remote learning overnight, edtech’s reputation is changing — and investors are scramblin...
Tags: Startups, TC, Codecademy, Education, Tech, Edtech, Udemy, Zach Sims, Market Analysis, Quizlet, DreamBox Learning, Darren Shimkus, Matthew Glotzbach, Extra Crunch, Coronavirus, COVID-19

Should Colleges Preserve the Idea of Meritocracy?

"Is Meritocracy an Idea Worth Saving?" asks The Chronicle of Higher Education, reporting on a special forum held recently at the University of North Carolina's Program for Public Discourse. "This discussion took place before Covid-19 changed everything. But the topics — the definition of meritocracy, the role of universities in a just society, the composition of socioeconomic class, and the real purpose of education — are as relevant as ever." Moral philosopher Anastasia Berg, a junior resear...
Tags: College, Tech, United States, New York Times, University of Cambridge, Ross Douthat, Chronicle of Higher Education, Berg, Thomas Chatterton Williams, University of North Carolina s Program, Anastasia Berg

Edtech’s newest unicorn, ApplyBoard, lands $1.4B valuation with fresh funding

Brothers Martin, Meti and Massi Basiri all left Iran to study abroad in Canada. After struggling with every aspect from the visa process to grade conversions, the brothers saw an opportunity to make the transition to study internationally more seamless. So, they started Applyboard in 2015 at University of Waterloo’s Velocity Garage. ApplyBoard has two main parts of its business. First, the company helps international students search and apply from a single platform to universities and co...
Tags: TC, Education, Tech, Iran, Canada, Edtech, Velocity, TechCrunch, Duolingo, Online Education, Startup Company, Udemy, Ontario, Meti, University of Waterloo, Drive Capital

Classplus raises $9M to grow its Shopify-like platform for teachers and coaching centers in India

An India-based startup that has built a Shopify -like platform for coaching centers to accept fees digitally from students, and deliver classes and study material online has received the nod — and capital — from a number of high-profile investors. The business-to-business startup, called Classplus, said on Monday that it has raised $9 million in its Series A financing round led by RTP Global, a prolific investor in early stage startups. Existing investors Blume Ventures, Sequoia Capital India’...
Tags: Apps, Asia, Education, India, Funding, Narendra Modi, Tech, Sequoia Capital, Shopify, Blume Ventures, Kirill Kozhevnikov, RTP Global, Classplus, Mukul Rustagi, Rustagi

Indian education startup Byju’s is fundraising at a $10B valuation

Byju’s, an education learning startup in India that has seen a surge in its popularity in recent weeks amid the coronavirus outbreak, is in talks to raise as much as $400 million at a $10 billion valuation, said three people familiar with the matter. The additional capital would be part of the Bangalore-based startup’s ongoing financing round that has already seen Tiger Global and General Atlantic invest between $300 million to $350 million into the firm. That investment by the two firms thou...
Tags: Facebook, Asia, Education, India, Funding, Tech, Atlantic, Qatar Investment Authority, Sequoia Capital, Tiger Global, New Delhi, General Atlantic, Bangalore, Paytm, Chennai, Oyo

As lockdowns stretch on, is edtech passing or failing?

Back in January, Georgia Tech professor David Joyner got a cryptic email from a student based in Wuhan, China. “I’m under quarantine, but my internet access is okay so I have more time to spend on classwork, I wanted to let you know,” the message read. Unsure why Wuhan would be under quarantine, Joyner did a quick Google search and saw the beginnings of the coronavirus pandemic. “I thought, there’s something going on in Wuhan so maybe we’ll have some students affected by it,” Joyner said. Fast-f...
Tags: Google, Startups, TC, Education, Tech, Edtech, Teacher, Wuhan, Online Learning, Online Education, Piazza, Joyner, Georgia Tech, Online Classes, Wuhan China, Market Analysis

Johns Hopkins launches COVID-19 Testing hub to provide public access to testing data

The COVID-19 testing picture in the U.S. is far from easy to understand, given the disparate agencies and public and private health organizations involved. Johns Hopkins, building on its excellent work developing COVID-19 case tracking and basic information resources, has developed a new hub called the COVID-19 Testing Insights Initiative that breaks down what kinds of tests are available, as well as where they’re being administered in the U.S., and in what volume. The new hub offers answers to ...
Tags: Health, TC, Education, White House, Articles, Tech, United States, Testing, Johns Hopkins, Coronavirus, COVID-19

Hackers hit Chegg for the third time since 2018

Chegg has confirmed its third data breach in the past three years. The education tech giant, which last year was acquired by Thinkful for $80 million, said hackers stole 700 current and former employee records, including their names and Social Security numbers. The company had over 1,400 full-time employees at the start of the year. Chegg said it enlisted an outside forensic firm — without naming the firm — and notified law enforcement of the breach. A spokesperson for Chegg did not respond to a...
Tags: Security, Education, Tech, Social Security, Baltimore, Chegg, Thinkful, New York Thinkful

In conversation with Sasha Astafyeva, Atomico’s new consumer-focused investment partner

European VC firm Atomico announced this week that it has hired Sasha Astafyeva as a new investment partner. Astafyeva previously spent three years as a principal at Felix Capital . In her new role, she’ll lead “sourcing, due diligence, and management” of consumer tech companies, according to a company statement. Originally from Ukraine, Astafyeva was previously head of business intelligence and strategy at Lyst, a London-based online fashion marketplace. She has also worked at online rea...
Tags: Health, Startups, TC, Ecommerce, Europe, London, Education, Entertainment, Tech, Ukraine, Venture Capital, Consumer Products, Streaming Services, Felix Capital, Dafiti, Atomico

Understanding Duolingo’s quiet $10M raise

Earlier this month, edtech unicorn Duolingo raised $10 million in new venture capital from General Atlantic, per an SEC filing . With the raise, the online language learning platform accepted its first outside investor in almost three years. General Atlantic will take a board seat at the company, per Duolingo. The company, which was last valued at $1.5 billion, says the round has increased its valuation, but it declined to share by how much. General Atlantic has invested in a number of edtec...
Tags: Startups, TC, Asia, Education, Tech, Atlantic, SEC, Edtech, General Atlantic, Duolingo, Unicorn, Recent Funding, Unacademy Duolingo, TechCrunch Tanzeen Syed

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