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

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Founded in 2011, the New York-based company has built a hugely popular training platform that has helped millions of students learn to code over the last decade. But the New York-based company had already served 45 million students in more than 190 countries before the pandemic hit. “We A sample project in Codecademy.

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Duolingo IPO Shows Investors Think Edtech Is Still Growing.

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billion—which is a good moment to reflect on how mobile learning has entered classrooms and how the company has expanded from just an app. In 2011, Pittsburgh-based Duolingo was founded by Luis von Ahn and Severin Hacker. The company also noted that “in 2019 and 2020, we had net losses of $13.6 million and $15.8 million and $13.5

EdTech 161
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Byju’s Becomes an Edtech ‘Decacorn’ After Fundraise from Mary Meeker’s Bond Capital

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That’s the industry lingo for companies valued at $10 billion or more. It’s an ultra-exclusive club of two dozen companies across the world, according to CB Insights. Byju’s is the newest member—thanks to an investment from technology investment firm Bond, which values the company at $10.5

EdTech 126
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More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

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In the heartland of America, one company is raising big bucks in a bid to capture this lucrative market. Louis-based company’s $50 million Series B round, which closed in November 2015. Already boasting 4,000 tutors covering 1,000 subjects, the company is on the hunt for more teachers.

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Predictions of Print Textbooks’ Death Remain Greatly Exaggerated

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From 2011 to 2014, U.S. higher education courseware in 2015, down from 50 percent the year before, according to a 2018 report from Macquarie, an investment bank and financial services company. The company has invested in a partner rental program that should reach 400 titles in the second half of this year. billion to $3.3

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EdSurge HigherEd Year in Review: Our Top Higher Education Stories of 2018

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Cheating on Chegg? How the Company Aims to Catch Tutoring Requests That Go Too Far. 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. Here’s a look at how the education company is responding. Are You Still There?

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

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edtech companies last year, the dollars returned with a fury during the first six months of 2017. Several private-equity-backed companies have invested heavily in the “platform” approach. PowerSchool, owned by Vista Equity Partners, has acquired eight companies since June 2015. The bull is back—or is it? Round Size.

EdTech 93