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Fueled by Big Rounds, Edtech Funding Surges to $887M in First Half of 2017

Edsurge

2U 2008 2014 $665M (IPO) Archipelago Learning 2000 2012 $302M (acquired by PLATO Learning) Chegg 2005 2013 $830M (IPO) Connections Education 2001 2011 $400M (acquired by Pearson) HigherOne 2000 2012 $260M (acquired by Blackboard) Instructure 2008 2014 $487M (IPO) K12.com

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More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

Edsurge

That feature is a far evolution from the company’s humble beginnings in Washington University, where Cohn started the business as a student in 2007. Currently this feature is available for less than 20 percent of the subjects, but providing “instant liquidity” is a priority, shares Chuck Cohn, CEO of Varsity Tutors, in an interview.

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Can Technology in the Classroom Replace Expensive Textbooks

Kitaboo on EdTech

The State appropriations per full-time student have fallen from an inflation-adjusted $8,489 in 2007 to $7,642 in 2017. Similarly, Pearson has made some of its textbooks available for rent through Chegg. On the other hand, per-student tuition revenue has increased by 96%. but they do get to save money through this model.

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Edtech Industry Magnate Michael Moe Makes a Pivot

Edsurge

So you can look at Chegg, which we’re an investor in, which has a $5.5 We had this as a thesis 10 years ago but it still amazes me: In 2007, 92 percent of all venture capital was in the United States, mostly in Silicon Valley. We’re starting to see companies emerge that are becoming large. Of course, “large” is a relative term.

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Hack Education Weekly News

Hack Education

I missed this news back in February: Chegg acquired RefMe. ” Via Campus Technology : “This academic year, the average cost of college students’ required course materials dropped to $579, down from $602 last year and $701 in 2007–2008, according to a new report from the National Association of College Stores.”

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The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

Kno was headed by Osman Rashid, the co-founder of the textbook rental company Chegg, and the tablet was aimed at the college market. Bridge International Academies was founded in 2007, promising to bring quality education to parts of the Global South. The LMS isn’t the only platform in education to be sure.

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