Marketplace K-12

DECEMBER 6, 2021

Textbook and tutoring company Chegg is acquiring a leading language learning platform to expand its offerings into different languages. The company announced it will acquire Busuu, a UK company, for approximately $436 million in an all-cash transaction.

Chegg 52

Chegg Company Learning Course 52

Edsurge

DECEMBER 28, 2018

Cheating on Chegg? It’s no surprise that students would ask for help on platforms like Chegg, which offer digital textbooks as well as tutoring and homework help. Graduation rates tripped between 2008 and 2016, and the school boasts one of the highest four-year graduation rates among community colleges in the state.

MOOC 122

MOOC Coursera Chegg Pearson 122

Edsurge

JULY 24, 2017

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 Six of the deals took at least 10 years to materialize.

EdTech 102

EdTech Chegg Kaplan Coursera 102

Kitaboo on EdTech

JUNE 13, 2019

Decrease in State Funding: The government has been scaling back on the funding on college education since the great recession of 2008. Post the recession, states cut inflation-adjusted spending on K–12 education by approximately 4% between 2008 and 2013. Now post-secondary tuition fee provides more revenue than public appropriations.

Technology 80

Technology eBook Classroom OER 80

Edsurge

APRIL 8, 2019

Its biggest institutional shareholder is Insight Venture Partners, a private equity firm whose education portfolio also includes Chegg, Instructure and Pluralsight—three companies that have gone public. It has been modestly profitable since 2008, and at the time of the deal was generating a little more than $10 million in revenue.

Chegg 139

Chegg Education Company Libraries 139

Edsurge

MAY 2, 2017

Chegg was founded in 2005 and went public eight years later in 2013. 2U was launched in 2008 and became a public company six years later in 2014. Instructure was also launched in 2008, and went public seven years later in 2015.Sure,

Blackboard 107

Blackboard Company Pearson LMS 107

Hack Education

DECEMBER 30, 2019

Kno was headed by Osman Rashid, the co-founder of the textbook rental company Chegg, and the tablet was aimed at the college market. Founded by two educators in 2008, Edmodo experienced a number of leadership changes this decade. Aaron Swartz, 2008. Can Edmodo Turn Virality into Profitability?” Edsurge ’s Tony Wan asked in 2016.

Pearson 145

Pearson MOOC Company Software 145