article thumbnail

The Next Edtech IPO Might Be This London-Based Language Learning Company

Edsurge

Niesner claims the company is on track to hit $40 million in revenue in 2020. The company is still shy of the $100 million revenue threshold commonly associated with IPO-ready companies. How They Work Busuu has grown considerably since its 2008 founding. Busuu CEO Bernhard Niesner on his company's origins.

Company 86
article thumbnail

How Will Coronavirus Impact Education Technology Investments in 2020?

Edsurge

Companies should be thinking about their cash runway, watching their burn and making sure they are comfortable with where they are at right now,” says Carolan. This is a good time for companies to build goodwill. School budgets may well soon dip too, as they did following the last recession in 2008. A Boost in Demand.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

COVID-19’s Long-Term Impacts on Education in 2020 and Beyond

Edsurge

In the workforce-learning arena, Matthew Daniel, a partner at Entangled, believes that in addition to canceling face-to-face training sessions, companies are growing concerned about talent pipelines from colleges and universities as their recruiters will be unable to attend on-campus recruiting events. Mark Warner (D-Va.),

Education 176
article thumbnail

COVID-19 Has Widened the Skills Gap. But It Also Presents an Opportunity to Close It.

Edsurge

When the unemployment rate spiked during the spring of 2020, jobs that required a college degree declined more than those that didn’t, and new college graduates were hit the hardest. In 2008, it was global experience. Surveys suggest that employees stay longer at companies that offer formal training pathways.

Training 189
article thumbnail

Knewton Was Acquired For Less Than $17M, and Former CEO Brian Kibby Has Left

Edsurge

When Wiley announced back in May that it had acquired Knewton, both companies kept mum on how much the deal was worth. That’s a hard hit for investors in the New York-based company, which had raised more than $180 million since its founding in 2008. For fiscal Q1 2020, ending July 31, 2019, Wiley reported $423.5

Knewton 100
article thumbnail

Remember This Year

Hack Education

Tomorrow is the last day of this year, and I don't anticipate anything will change so I am going to try to type a few, very generic thoughts about what happened in ed-tech in 2020. " In 2008, Clayton Christensen and Michael Horn gleefully predicted that, by 2019, half of all high school classes would be on the Internet.

Company 123
article thumbnail

OPINION: Studying humanities can prepare the next generation of social justice leaders

The Hechinger Report

During the decade following the Great Recession of 2008, the number of humanities bachelor’s degree recipients fell by a whopping 14 percent — from a peak of about 236,000. The number of students expressing interest in fields associated with social justice has seen a monumental increase since the beginning of the pandemic in early 2020.

Study 120