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Duolingo IPO Shows Investors Think Edtech Is Still Growing.

Edsurge

In 2011, Pittsburgh-based Duolingo was founded by Luis von Ahn and Severin Hacker. And it turns out that online language learning is the fastest-growing market segment within the edtech industry. By the end of 2020, about 344,000 individual Duolingo English Tests were purchased, mostly by prospective international students.

EdTech 162
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The Edtech Revolution: 2010 – 2017

Securly

Now, we know that edtech has been proven to improve test scores and overall classroom engagement. But, how does the 2010 vision for edTech match what’s actually happening today? However, it was the Chromebook (2011) that truly revolutionized 1:1. Globally, edtech spending is predicted to reach $252 Billion by 2020.

EdTech 176
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Varsity Tutors to Go Public at $1.7B Valuation Through SPAC Acquisition

Edsurge

He rejoined in 2011 and became its full-time CEO. In 2020, users logged over 4.7 According to its SEC filing , revenue for the fourth quarter of 2020 grew 87 percent over the same period in 2019, and its numbers of paying active learners and paid online sessions also grew, by 59 percent and 169 percent, respectively.

lynda.com 214
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Byju’s Becomes an Edtech ‘Decacorn’ After Fundraise from Mary Meeker’s Bond Capital

Edsurge

Its co-founder, Divya Gokulnath, told Business Insider that its revenue surpassed $370 million for the year ending in March 2020. Founded in 2011, the company is named after its founder Byju Ravvendran, who previously worked as a private tutor. Perhaps more, the company says it is profitable, with over 3.5

EdTech 126
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Clearlake Capital-Backed Discovery Education Acquires DoodleLearning

eSchool News

Silver Spring, MD (Tuesday, August 17, 2022) — Discovery Education —the worldwide edtech leader backed by Clearlake Capital Group, L.P. In October of 2020, Discovery Education acquired Mystery Science and in July of 2020, Discovery Education purchased Spiral. DoodleLearning is Discovery Education’s latest acquisition.

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Codecademy, an Early (and Now Profitable) Pioneer of Coding Education, Raises $40M in New Funding

Edsurge

Money has flowed into the edtech sector over the last twelve months. Unlike other edtech startups seemingly on the fast track to big checks, Codecademy has been in the business for over a decade. The deal with Owl Ventures, one of the largest edtech-focused venture funds , appears to tick all of these boxes.

Chegg 150
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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. There are so many players out there—and a few emerging winners” in edtech, says Niesner, 40. “We Verbling was founded in 2011 by two Swedes who met while studying at Stanford University and graduated from startup accelerator Y Combinator that year.

Company 85