Posts filtered by tags: Edtech[x]


 

Duolingo boosts IPO price target in boon to edtech startups

U.S. edtech company Duolingo released a revised IPO price range this morning, boosting its potential per-share value to $100 after initially targeting a range that topped out at $95 per share. Per the unicorn’s SEC filings, Duolingo is now targeting a $95 to $100 per share IPO price range, up from $85 to $95 per share, or a gain of around 12% at the bottom and 5% at the top. TechCrunch previously called the Duolingo debut a bellwether of sorts for the larger U.S. edtech ecosystem; if Duolingo ca...
Tags: Fundings & Exits, Startups, TC, Ipo, Tech, SEC, Edtech, Duolingo, Initial Public Offering, Masterclass, Quizlet, Outschool, Course Hero, Natasha Mascarenhas, EC Edtech


As China shakes up regulations, tech companies suffer

The Exchange spent a little time on Friday ruminating on the impact of then-rumored regulation in China targeting its edtech sector. News that the Chinese government intended to crack down further on the education technology market hit shares of public, China-based edtech companies. It was a mess. Then over the weekend, the rumors became reality, and the impact is still being felt today in the global markets. But there’s more. China is also bringing new regulatory pressure on food-delivery compa...
Tags: Fundings & Exits, Startups, TC, Hong Kong, China, Tech, Xi Jinping, Alibaba, Venture Capital, Tencent, Private Equity, Edtech, Exchange, Meituan, Asia Times, The Exchange


Equity Monday: China boosts pressure on its tech sector as Duolingo’s IPO looks to raise a few more bucks

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here. Ever wake up to just a massive wall of news? That was us this morning, so we had to pick a...
Tags: Apple, Fundings & Exits, Startups, China, Ipo, Bitcoin, Electric Vehicles, Crypto, Equity, Edtech, Duolingo, Meituan, Jam City, Tencent Music, Rivian, Equity Monday


China’s expected edtech clampdown may chill a key startup sector

News that China’s government may force domestic tutoring-focused companies to go non-profit is taking a huge bite out of the value of several technology companies. Bloomberg notes that the value of companies like New Oriental Education & Technology Group and TAL Education are tumbling in light of the news, which would constitute merely the latest salvo against tech companies in the autocratic country. New Oriental’s Hong Kong-listed shares fell 44.22% in after-hours trading after the non-profit ...
Tags: Fundings & Exits, Startups, TC, Asia, Hong Kong, Education, China, Tech, Bloomberg, Zomato, Edtech, Zuoyebang, Nyse, Yahoo Finance, The Exchange, Yuanfudao


Duolingo’s bellwether IPO

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We were smaller team this week, with Natasha and Alex together with Chris to sort through yet another summer frenzy of a week. This time around we actually recorded live on Twitter Spaces, which was a first for the podcast. If you missed it, it’s probably because we didn’t promote the taping since it was just an experiment. Good news, though, is that it went well, ...
Tags: Apple, Fundings & Exits, Startups, Twitter, Europe, Tech, Eu, Venture Capital, Crypto, Bolt, Equity, Alex, Edtech, Duolingo, Clubhouse, Chris


NewCampus wants to train the first-time managers within Southeast Asia’s tech giants

The tech boom in Southeast Asia isn’t just seeding a wave of new entrepreneurs building the next generation of unicorns, it’s also ushering young talent into the roles of first-time managers. And NewCampus, a Singapore-based startup co-founded by Will Fan and Fei Yao, announced today that it has raised millions of dollars to help coming of age companies train their maturing workforce to help them grow into those new, larger roles. NewCampus is an online, live learning platform that hopes to trai...
Tags: TC, Asia, Hong Kong, Education, Indonesia, Stanford, Southeast Asia, Singapore, India, Tech, Harvard, United States, Philippines, Carousell, Edtech, SOSV


Numerade lands $100M valuation for short-form STEM videos

Edtech entrepreneurs are using their moment in the sun to rethink the structures and impact of nearly every aspect of modern-day learning, from the art of testing to the reality of information retention. Yet, the most popular product up for grabs may just be a seemingly simple one: the almighty tutoring session. and Numerade, an edtech founded in 2018, just had its take on scalable, high-quality tutoring sessions valued at $100 million. Numerade sells subscriptions to short-form videos that expl...
Tags: Google, TC, Education, Tech, Ai, Numbers, Edtech, Series A, Early Stage, Ma, Wolfram Alpha, Quizlet, Khaled Helioui, Margo Georgiadis, Tiktok, Numerade


Why Investors are Loving Austin as an Innovation Hub!

There’s a reason why Austin has been named the top tech city in the US in 2019 and 2020 by CompTIA. With the sheer number of startups, talent and investment funds within Austin or moving to the city, it is no surprise that the number of individuals relocating to the area continues to increase. To give a high-level snapshot of the activity in just the investment community alone this past June, ATX Venture Partners closed a $150M fund, 8VC filed with the SEC regarding plans to raise an $880M fund ...
Tags: Startups, News, US, San Francisco, Startup, Austin, Chile, SEC, Edtech, Cbre, Ruben, ECMC, Mainsail Partners, Austin Startups, Innovation Hub, Venture-capital


Duolingo’s IPO could cast golden halo on edtech startups

Edtech giant Duolingo set an initial price range for its impending IPO today. The unicorn expects to price in its public debut at $85 to $95 per share, selling 3,700,000 in the deal. Another 1,406,113 shares are being sold by existing shareholders, and 765,916 shares are being offered to underwriting banks as part of the transaction. All told, the company may see 5,872,029 shares trade hands in its IPO, worth some $557,842,755. Duolingo itself can raise as much as $424,262,020 in gross proceeds ...
Tags: Fundings & Exits, TC, Education, Ipo, Tech, S-1, Edtech, Duolingo, EC News Analysis, EC Edtech, IPO Duolingo


The price differential for engineers is declining

Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. The whole crew was here this week, with Danny and Natasha and Alex  together with Grace and Chris to sort through a very, very busy week. Yep, somehow it is Friday again which means it’s time for our weekly news roundup. Here’s what we got to in our short window of time: The Jianzhi Education IPO: We have questions. The Chinese edtech company is looking to list in...
Tags: Apple, TC, China, Ipo, India, Tech, Artificial Intelligence, United States, Venture Capital, Reddit, Ai, Zomato, Equity, Alex, Edtech, Fintech


Indonesian edtech startup Gredu raises $4M Series A to keep teachers, parents and students engaged with one another

Many teachers and parents in Indonesia rely on WhatsApp to keep in touch, creating “multiple groups that often become messy and highly ineffective, and result in confusion or lost threads,” says Rizky Aniez, the co-founder and chief executive officer of Gredu. The Jakarta-based startup was created to give everyone involved in the educational process—school administrators, teachers, parents, guardians and students—apps that let them keep track of everything and communicate with one another. Today...
Tags: Google, Fundings & Exits, Startups, TC, Asia, Students, Education, Indonesia, Southeast Asia, Tech, Edtech, National Curriculum, Vertex Ventures, Intudo Ventures, Patrick Yip, School Management


California has no water and lots of liquidity

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Danny, Natasha, and Alex were on-deck this week, with Grace on the recording and edit. But, if you want to hear more about Robinhood, this is not the episode for you. If you want to learn more about the consumer fintech company’s IPO filing this is the episode you want. Basically, Robinhood filed after we had wrapped taping, so we had to do a special pod for the ne...
Tags: Apple, Fundings & Exits, Startups, TC, California, China, Ipo, Tech, Peanut, Search, Brave, Equity, Alex, Edtech, Robinhood, Fintech


Edtech startup Microverse raises $12.5M to bring income share agreements to the developing world

Edtech startup Microverse has tapped new venture funding in its quest to help train students across the globe to code through its online school which requires zero upfront cost, instead relying on an income-share agreement which kicks in when students find a job. The startup tells TechCrunch it has closed a $12.5 million Series A led by Northzone with additional participation from General Catalyst, All Iron Ventures and a host of angel investors. We last covered the company after it had closed a...
Tags: Startups, TC, Y Combinator, Education, Microsoft, Entrepreneurship, Finance, Articles, Tech, Ceo, Economy, Venture Capital, Private Equity, Isa, Huawei, Edtech


The 2021 edtech avalanche has just begun

Rhys Spence Contributor Share on Twitter Rhys Spence is head of research at Brighteye Ventures, a European edtech-focused fund, where he works with portfolio companies to help address priorities, with a focus on internationalization. Last week was a good one for edtech in Europe. GoStudent became Europe’s first edtech unicorn (IPO’d companies aside), raising its third round in 12 months and the biggest ever in the sector in Eu...
Tags: Startups, Column, Europe, Education, Funding, Tech, United Kingdom, Venture Capital, Edtech, Brighteye Ventures, EC Europe, EC Column, EC Edtech, GoStudent, Rhys Spence, Europe Brighteye Ventures


Paper gets $100M worth of venture-backed paper for B2B edtech

For edtech startups, it’s always been easier to go direct-to-consumer than it is to sell into school districts. The latter has stodgy and strict sales cycles, while the former has a bit more flexibility when it comes to opening up that wallet. The pandemic added validation to this dynamic by supercharging consumer companies like Quizlet and Outschool, bringing them into the unicorn club. Despite this growth, many startups still think that going B2B, directly into schools, will have the biggest i...
Tags: TC, Education, Tech, Canada, United States, Paper, Montreal, Edtech, IVP, Cutler, Series C, Quizlet, ETW, Outschool, Philip Cutler, Quizlet Course Hero


Duolingo’s S-1 depicts heady growth, monetization, new focus on English certification

Duolingo filed to go public yesterday, giving the world a deep look inside its business results and how the pandemic impacted the edtech unicorn’s performance. TechCrunch’s initial read of the company’s filing was generally positive, noting that its growth was impressive and its losses modest; Duolingo recently began making money on an adjusted basis. While the company’s top-level numbers are impressive, we want to go one level deeper to grow our understanding of the company beyond our EC-1. ...
Tags: Fundings & Exits, Startups, Education, Tech, EC, Edtech, Duolingo, Mau, EC News Analysis, EC Edtech, EC United States


Duolingo filed to go public

Duolingo, a Pittsburgh-based language learning business last valued at $2.4 billion, has officially filed to go public. The 400-person company, which we explored in great detail in our EC-1, was co-founded by Luis von Ahn, the inventor of CAPTCHA and reCAPTCHA, and Severin Hacker. One of the most revealing bits of its story? It’s a route to monetization as a then rare edtech consumer business based outside of Silicon Valley. The company has had a somewhat circuitous journey — full of trial and e...
Tags: Apple, TC, Ipo, Tech, Atlantic, Silicon Valley, EC, Nasdaq, Edtech, Duolingo, Pittsburgh, GAAP, Luis Von Ahn, Severin, Ahn


Loom spins up a pregnancy and postpartum education program

Erica Chidi, the co-founder of Loom and a first-generation Nigerian-American, learned how to wrap the language of self-care around her body from an early age. She spent the early part of her life in South Africa, then the epicenter of the HIV and AIDS pandemic, watching her father work as an endocrinologist and infectious disease specialist. That exposure was supplemented by Chidi’s mother, a registered nurse, who made “talking about the body something that was pretty commonplace in our house.” ...
Tags: TC, Stanford, Tech, Diversity, South Africa, Motherhood, Edtech, Health Tech, LOOM, Chidi, Expectful, Nathalie Walton, Erica Chidi, Quinn Lundberg, Reproductive Justice Framework


Equity Live: This is what leadership smells like

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we did something fun and different and good: a live show! A good number of people came, and asked questions, and altogether, it was a blast. Danny, Natasha, and Alex had a lovely time with the regular work, while Grace and Chris and Kevin made the whole operation function. We’ll likely post a bonus episode of the Q&A on Saturday if people are interested i...
Tags: Apple, Fundings & Exits, Startups, Buzzfeed, Tech, Diversity, Military, United States, Crypto, Fund, Vietnam, Majority, Equity, Alex, Edtech, Fintech


#643 The Future of Edtech in Schools After 14+ Months of Remote Learning

Listen to “#643 The Future of Edtech in Schools After 14+ Months of Remote Learning” on Spreaker.       On‌ ‌this‌ ‌episode‌ ‌of‌ ‌The‌ ‌Small‌ ‌Business‌ ‌Radio‌ ‌Show…‌ ‌ SEGMENT‌ ‌1 with Al Kingsley,‌ ‌‌starting‌ ‌at‌ ‌0:00‌:‌ If there is one area that changed during the pandemic it was how we educate our children. Education technology, or Edtech, accelerated rapidly and we experienced both the advantages and the challenges on a large scale in real-time. What were the lessons learned and wh...
Tags: Education, Small Business, Advertising, Marketing, Sales, Mindfulness, Mental Health, Waze, Edtech, Journaling, Radio Show, Kenny, Matt Phillips, Waze Local, Small Business Radio Show, Al Kingsley


Edtech startups and VCs rally around a memo of their own

Outschool founder Amir Nathoo has a message to the edtech sector, which recently found itself under a spotlight thanks to the pandemic: Add your voice, and don’t try to always appear neutral. The founder of the unicorn business penned a statement, co-signed by other edtech leaders, promoting the continuance of teachers being allowed to teach critical race theory in classrooms across the country. The learning framework, which has been the subject of recent legislative debate, covers the acknowl...
Tags: TC, Tech, Racism, United States, Silicon Valley, Ev Williams, Edtech, Jim Crow, Coinbase, Medium, Sara Mauskopf, Basecamp, Joanna Smith, Black America, Brian Armstrong, Quizlet


Merlyn Mind emerges from stealth with $29M and a hardware and software solution to help teachers with tech

We’ve chronicled, in great detail, the many layers of technology, services and solutions, that have been wrapped around the world of education in recent years — and especially in the last year, which became a high watermark for digital learning tools because of Covid-19. Today, a startup called Merlyn Mind is coming out of stealth with a proposition that it believes helps tie a lot of this together in the K-12 classroom — a “digital assistant” that comes in the form of a piece of custom hardware...
Tags: Google, Education, Funding, Tech, Teachers, Roku, Ibm, Watson, Edtech, Alexa, McKinsey Co, Classrooms, Merlyn, Learn Capital, Nitta, Rob Hutter


Vienna’s GoStudent raises $244M at a $1.7B valuation for its online tutor marketplace

Online teaching came into the spotlight for many students and parents in the last year, and today one of the companies that saw a big lift during that rush of activity is announcing a big round of funding to carry it into what has emerged as a more permanent change of habits for many learners. GoStudent, a marketplace where K-12 students (and their parents) can find and engage with one-to-one video-based tutors in a variety of subjects, has raised €205 million ($244 million), in a Series C round...
Tags: Europe, Education, Mexico, Softbank, Funding, Tech, Vienna, Canada, Edtech, Tutoring, DST Global, Online Education, Vienna Austria, DN Capital, Tutors, Vision Fund


Extra Crunch roundup: influencer marketing 101, spotting future unicorns, Apple AirTags teardown

With the right message, even a small startup can connect with established and emerging stars on TikTok, Instagram and YouTube who will promote your products and services — as long as your marketing team understands the influencer marketplace. Creators have a wide variety of brands and revenue channels to choose from, but marketers who understand how to court these influencers can make inroads no matter the size of their budget. Although brand partnerships are still the top source of revenue for ...
Tags: Apple, Startups, TC, Transportation, Education, California, Entrepreneurship, US, Tech, Diversity, Joe Biden, Iran, Artificial Intelligence, Rebecca, United States, Venture Capital


Owning the paycheck is the key to fintech success

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week, Natasha and Danny, otherwise known as your two new favorite Book influencers (inside joke, you’ll get if you listen to the show), hopped on the mics to take everyone threw the news, with Grace and Chris in the background. Here’s what we got into: Wise announced plans to go public via direct listing, making it the biggest company to use this route to d...
Tags: Apple, TC, London, Future, Tech, Community, Andreessen Horowitz, Equity, Edtech, Fintech, Grace, Chris, Transferwise, Gusto, Danny, Natasha


Daily Crunch: iOS 15 is latest milestone on Apple Health’s evolutionary path

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Thanks to a twist of fate, two large cups of coffee and help from editor Annie Saunders, the Extra Crunch team is taking over today’s edition of Daily Crunch. Don’t worry, we’ll hand it back as soon as Henry Pickavet returns or Alex Wilhelm is back from vacation, whichever occurs first. Since I’ve been handed the mic: We’re trying to identify the most effective gro...
Tags: Apple, Google, TC, Facebook, Spotify, Tech, Browserstack, Denmark, Cupertino, Edtech, Sarah, Accel, Eric Eldon, Alex Wilhelm, PHOENIX Arizona, Lynch


Edtech investors are flocking to SaaS guidance counselors

ApplyBoard, a startup that helps international students find opportunities to study abroad, announced today that it has nearly doubled its valuation in a little over a year. The Ontario-based company is now worth around $3.2 billion after raising a $300 million Series D round led by the Ontario Teachers’ Pension Plan Board. ApplyBoard makes money from revenue-sharing agreements with colleges and universities. If a student attends a college after using their services, ApplyBoard receives a cut o...
Tags: Startups, TC, Education, Tech, Edtech, Ontario, Higher Ed, ETS, Ontario Teachers, GRE, Martin Basiri, Career Karma, ApplyBoard, Basiri, EC Edtech, Ontario Teachers ' Pension Plan Board ApplyBoard


BookClub checks out a shiny new $20 million Series A

Serial edtech entrepreneur David Blake, who co-founded Degreed and launched LearnIn, is living the dream of any book worm. He reads at least one book a week, talks to the authors behind it and unpacks his biggest questions around the subtlest of passages. And it’s all thanks to his latest startup, BookClub, which first launched in September to bring author-led book clubs to readers. “With Degreed, it’s big, it’s enterprise and it’s structural. It brought a deep sense of fulfillment, it felt rigo...
Tags: Startups, TC, America, Tech, New York Times, Oprah, Edtech, Emily Chang, Blake, Barbara Corcoran, David Blake, Signal Peak Ventures, Aaron Rasmussen, Degreed, Otis Chandler, Bookclub


What does Uber and birth control have in common?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our morning coffee chat with you that is all about the weekend, what to expect this week, and some funding rounds you may have missed. I’m subbing in for Alex Wilhelm today, who is deservedly out on vacation. You can find me on Twitter @nmasc_, and Equity on Twitter (turn on those notifications!) @equitypod.  Biden and world leaders are cong...
Tags: Apple, TC, Uber, Space, Elon Musk, India, Tech, Tesla, Bitcoin, Nato, Ubs, Jeff Bezos, Biden, Equity, Edtech, Health Tech


Course Hero acquires LitCharts, founded by the creators of Sparknotes

I’ll admit it: I was the student that tipped the teacher off that half of our English class, including me, was using Sparknotes to “read” Twelfth Night by Shakespeare, instead of actually reading the text itself. The site, which offered cliff notes and summary of books on a chapter by chapter basis, was the best way to review novels before a quiz — or, was the best last-minute savior if you procrastinated too much and never got around to opening the book in the first place. History in mind, it m...
Tags: TC, Tech, Shakespeare, Edtech, Grauer, Course Hero, Andrew Grauer, Ben Florman, Justin Kestler