Posts filtered by tags: Edtech[x]


 

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


A16z doesn’t invest, it manifests

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. In very good Show News, Chris is back! He’s working on the next iteration of the show, something that you will be able to see starting Very Soon. Get hype! Today though, we had a delectable dish of dynamic doings, namely news items of the following persuasion: Bi...
Tags: Apple, Fundings & Exits, Startups, TC, Tech, Bitcoin, Public, Equity, Alex, Edtech, Coinbase, Blockchain, Chris, Zoom, Circle, Danny


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


Ethena, which sends bite-sized nudges for compliance training, shifts its focus amid new capital

Ethena co-founders Roxanne Petraeus and Anne Solmssen began their company with a clear goal: There needs to be a more modern, and effective, way to deploy anti-harassment training to employees. Ethena’s solution is to send employees bite-sized monthly “nudges” or pings with five-minute lessons, replacing the usual one-hour annual workshop with more flexible learning. The startup raised $2 million off of that vision in June, and today has announced it has raised follow-on funding with the same ex...
Tags: Startups, Education, Tech, HR, Edtech, Zendesk, Petraeus, Deborah Quazzo, GSV, Quazzo, Recent Funding, Ethena, GSV Ventures, Netflix Zoom, Anne Solmssen, Roxanne Petraeus


Class adds $30 million to its balance sheet for a Zoom-friendly edtech solution

Class, launched less than a year ago by Blackboard co-founder Michael Chasen, integrates exclusively with Zoom to offer a more customized classroom for students and teachers alike. The inaugural product, Class for Zoom, uses both management and instruction tools to bolster the video conferencing call experience. Formerly named ClassEDU, the startup announced today that it has added $30 million to its balance sheet, upping its total funding secured to $46 million. Raising that much pre-launch giv...
Tags: Startups, TC, Europe, Class, Education, Funding, Tech, Edtech, Sdk, Early Stage, Udemy, Emergence Capital, Zoom, LMS, Chasen, Michael Chasen


Edtech valuations aren’t skyrocketing, but investors see more exit opportunities

Less than a year after we put out an initial temperature check survey, it’s clear that specialist investors are even more bullish on edtech. Bears are hard to find right now: the sector, once undercapitalized, has brought in $10 billion in venture capital funding globally in 2020. As investors told us last week, the biggest consumer opportunity in 2021 and beyond is lifelong learning (and portfolio companies have the profits to prove it). But despite edtech’s noise, the second installment of our...
Tags: Startups, TC, Europe, Education, Tech, Vista, Venture Capital, Silicon Valley, Edtech, Lightspeed Venture Partners, Union Square Ventures, Bessemer Venture Partners, SPAC, Skillsoft, Deborah Quazzo, Owl Ventures


Udemy’s new president discusses the reskilling company’s future

Udemy, which launched more than a decade ago, has sold courses to 50 million students through its digital learning platform. But new president Greg Brown sees “exponential growth” opportunities in doubling down on its enterprise arm, which currently has over 7,000 customers. The shift within Udemy has been brewing for years, but recent tailwinds have shifted the way the business closes contracts. In a phone interview, Brown said Udemy for Business, the company’s corporate lear...
Tags: TC, Education, Tech, Edtech, Coursera, Udemy, Pluralsight, Brown, ARR, Greg Brown


English learning app ELSA lands $15 million Series B for international growth and its B2B platform

Speaking is one of the hardest parts of learning a new language, especially if you don’t have someone to practice with regularly. ELSA is an app that helps by using speech recognition technology to correct pronunciation. Based in San Francisco and Ho Chi Minh City, ELSA announced today it has raised a $15 million Series B, led by VI (Vietnam Investments) Group and SIG. Other participants included returning investors Google’s AI-focused fund Gradient Ventures, SOSV and Monk’s Hill Ventures, along...
Tags: Google, Fundings & Exits, Startups, TC, Apps, Asia, Elsa, Japan, Southeast Asia, San Francisco, Tech, Intel, Speech Recognition, Brazil, Vietnam, Edtech


PRESENTING: 64 edtech startups looking to disrupt Harvard as part of a $9 billion market

Online learning platform Coursera has raised a total of $443.1 million in funding, with $130 million raised July 2020. Coursera When the pandemic forced students of all ages into the remote learning model, the value of an in-person college experience came into question. Education tech startups saw a surge in funding up to $9 billion in 2020 from investors looking to enhance virtual learning in the US and abroad. These companies have figured out how to digitize every part of college life, fr...
Tags: Startups, College, US, Trends, Harvard, Higher Education, Universities, Teaser, Edtech, Coursera, Online Learning, Nordic, Harvard Here, Tech Insider, Remote Learning, Virtual Learning


Nerdy, a tutoring marketplace startup, is going public via SPAC

A gig economy-powered consumer edtech platform is heading to the New York Stock Exchange. Edtech startup Nerdy, which owns the popular tutoring business Varsity Tutors, is seeking to become a public company through a special purpose acquisition vehicle, otherwise known as a SPAC. Nerdy will merge with TPG Pace Tech Opportunities (NYSE: PACE), a publicly traded SPAC since 2015. The transaction is expected to close in the second quarter of this year. The deal will value Nerdy at $1.7 billion. Th...
Tags: Startups, TC, Education, Tech, Edtech, Tutoring, Exit, Varsity Tutors, Nyse, SPAC, Nerdy, Deborah Quazzo, GSV, TPG Pace Tech Opportunities, New York Stock Exchange Edtech, SPAC Nerdy


Inspirit launches to bring Minecraft creativity to biology class

Aditya Vishwanath, the founder of Inspirit, wants to bring the creativity associated with Minecraft to the day-to-day schoolwork of students around the world. “These students are coming from TikTok and playing Roblox games [that are] highly interactive and highly engaging,” he said. “Then, they’re coming to the classroom and watching a 20-minute lecture from a person.” As a solution to this staleness, he and his co-founder, Amrutha Vasan, built a solution. The virtual science platform lets stude...
Tags: TC, Asia, Tech, Virtual Reality, Minecraft, Copenhagen, Edtech, Early Stage, Sierra Ventures, Vishwanath, Labster, Tiktok, Unshackled Ventures, Inspirit, January Ventures, Amrutha Vasan


13 investors say lifelong learning is taking edtech mainstream

The venture potential of a startup that caters to individual students — instead of a slow-moving, small-pocketed institution — has a bullish aura that attracts investors. Add in a pandemic that forced many to embrace remote learning overnight, and it makes sense that we have seen companies like Outschool and ClassDojo turn first profits while startups like Quizlet and ApplyBoard reached $1 billion valuations. Last year brought a flurry of record-breaking venture capital to t...
Tags: Startups, TC, Europe, Education, US, Tech, United States, Venture Capital, Lambda, Edtech, Lightspeed Venture Partners, Union Square Ventures, Cowboy Ventures, Bessemer Venture Partners, Mckinsey, PitchBook


12 investors say lifelong learning is taking edtech mainstream

The venture potential of a startup that caters to individual students — instead of a slow-moving, small-pocketed institution — has a bullish aura that attracts investors. Add in a pandemic that forced many to embrace remote learning overnight, and it makes sense that we have seen companies like Outschool and ClassDojo turn first profits while startups like Quizlet and ApplyBoard reached $1 billion valuations. Last year brought a flurry of record-breaking venture capital to t...
Tags: Startups, TC, Europe, Education, US, Tech, United States, Venture Capital, Lambda, Edtech, Lightspeed Venture Partners, Union Square Ventures, Cowboy Ventures, Bessemer Venture Partners, Mckinsey, PitchBook


ClassDojo’s second act comes with first profits

ClassDojo’s first eight years as an edtech consumer startup could look like failure: zero revenue; no paid users; and a team that hasn’t aggressively grown in years. But the company, which helps parents and teachers communicate about students, has raised tens of millions in venture capital from elite Silicon Valley investors including Y Combinator, GSV, SignalFire and General Catalyst over its life. If you ask co-founder Sam Chaudhary to explain how the startup survived so long without bringing ...
Tags: TC, San Francisco, Tech, Netflix, United States, Silicon Valley, Airbnb, Khan Academy, Edtech, General Catalyst, B2b, Hunt, Buckley, SignalFire, Chaudhary, ClassDojo


Lessons from Top Hat’s acquisition spree

Top Hat, a startup that digitizes textbooks and turns them into an interactive experience for college students, announced on Wednesday that it has acquired yet another business: Fountainhead Press. The acquisition marks Top Hat’s third scoop of a publishing company in the past 12 months. Consolidation is going to be huge in the next few years for edtech, as bigger players raise enough financing (and gain profits) to be able to afford other businesses. Top Hat’s whole business ...
Tags: Startups, TC, Learning, Tech, M&a, Merger, Edtech, Acquisition, Pearson, E-learning, Top Hat, Mike Silagadze


Byju’s is reportedly buying Indian brick-and-mortar institute Aakash for $1 billion

We may finally have an answer to why Byju’s, the , spent the last year raising hundreds of millions of dollars. Bloomberg reports that the Bangalore-based startup has agreed to buy Aakash Educational Services, which owns and operates more than 200 physical tutoring centres across the country aimed at students preparing to qualify for top engineering and medical colleges. According to the publication, Byju’s will pay $1 billion to buy Aakash Educational Services, which serves more than 250,000 s...
Tags: Asia, Education, India, Tech, Bloomberg, New Delhi, Edtech, Bangalore, Byju, Byju Raveendran, Byju's, Unacademy, Aakash Educational Services, Mary Meeker Bond


The tech-powered wave of smart, not slow, tutoring sessions

While starting a tutoring marketplace is easy, scaling is often where the troubles begin. Tutoring marketplaces require a base of tutors that have the bandwidth and empathy to work with students across different learning styles, goals and comprehension levels. The nuance means that fast scale isn’t foolproof and can lead edtech startups into a classic marketplace downfall: the inability to grow consistently while also providing definite outcomes. But, as 2020 showed edtech, the demand for quick ...
Tags: Google, TC, Education, Tech, Edtech, Chegg, Dan Rosensweig, Live Tutoring, Quizlet Chegg Course Hero


Tappity raises $1.3M for its interactive and educational video library for kids

When kids today want to learn about a new topic they’re interested in, they’ll often turn to YouTube. But the quality of the educational content on the platform can be hit or miss, depending on what specific videos kids happen to come across. Tappity, a digital educational startup now backed by $1.3 million in seed funding, aims to offer an alternative. Its video library offers entertaining and interactive live-action videos kids enjoy, while also ensuring the content itself is aligned with curr...
Tags: Amazon, Startups, Apps, Y Combinator, Family, Science, Kids, Education, Parents, Stem, Tech, Chad, Bill, Edtech, PANGEA, Cto


Chinese online education app Zuoyebang raises $1.6 billion from investors including Alibaba

The rivalry between China’s top online learning apps has become even more intense this year because of the COVID-19 pandemic. The latest company to score a significant funding round is Zuoyebang, which announced today (link in Chinese) that it has raised a $1.6 billion Series E+ from investors including Alibaba Group. Other participants included returning investors Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China and FountainVest Partners. Zuoyebang’s latest announcement c...
Tags: Fundings & Exits, Startups, TC, Apps, Asia, China, Singapore, Alibaba, Tencent, Alibaba Group, Edtech, Online Education, Zuoyebang, Reuters, Ministry of Education, Byju


Video: TechCrunch editors share their top stories of 2020

As the year draws to a close, a few members of our edit staff shared stories that defined the last 12 months for their beat.   Devin Coldewey: Technology played a pivotal role in the coverage of protests against police violence over the summer. Disinformation and discord spread like wildfire on social media, but so did important information and documentation of brutality, often via the newly popular medium of live streaming.  Kirsten Korosec: Uber evolved from a company trying to cover e...
Tags: Startups, Gadgets, Mobile, Apps, Spacex, Tech, Remove From TC River, Edtech, ATG, Darrell Etherington, StarLink, Devin Coldewey, Brian Heater, Kirsten Korosec, Natasha Mascarenhas


Video: TechCrunch editors choose their top stories of 2020

As the year draws to a close, we asked members of our edit staff to choose a story or two that defined the last 12 months for their beat. Kirsten Korosec: Uber evolved from a company trying to cover everything in transportation to one focused on ride hailing and delivery as it aims for profitability in 2021. To get there, , its self driving subsidiary Uber ATG and air taxi moonshot Uber Elevate. Devin Coldewey: Technology played a pivotal role in the coverage of protests against poli...
Tags: Startups, Gadgets, Mobile, Apps, Tech, Remove From TC River, Edtech, ATG, Devin Coldewey, Brian Heater, Kirsten Korosec, Natasha Mascarenhas


TechCrunch editors choose their top stories of 2020

As the year draws to a close, a few members of our edit staff shared stories that defined the last 12 months for their beat.   Devin Coldewey: Technology played a pivotal role in the coverage of protests against police violence over the summer. Disinformation and discord spread like wildfire on social media, but so did important information and documentation of brutality, often via the newly popular medium of live streaming.  Kirsten Korosec: Uber evolved from a company trying to cover e...
Tags: Startups, Gadgets, Mobile, Apps, Spacex, Tech, Remove From TC River, Edtech, ATG, Darrell Etherington, StarLink, Devin Coldewey, Brian Heater, Kirsten Korosec, Natasha Mascarenhas