Edsurge
SEPTEMBER 4, 2019
Chegg , a Santa Clara, Calif.-based The acquisition will cost Chegg about $80 million in cash for Thinkful, with possible additional payments of up to $20 million in cash or stock based on performance, according to a statement Wednesday. Chegg had been holding onto $1.1 Both companies’ boards of directors have approved the deal.
Edsurge
JULY 24, 2017
edtech companies last year, the dollars returned with a fury during the first six months of 2017. This means that halfway through 2017, the funding for U.S. The 2017 number is inflated, however, by three gargantuan fundraises by EverFi ($190 million), Hero K12 ($150 million) and Grammarly ($110 million). Mean round size.
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Edsurge
APRIL 1, 2022
It’s hard to remember now, but many industry colleagues felt edtech was a frothy market in 2017. Chegg (NYSE: CHGG) is down 43.8 We wouldn’t be surprised if 2U or Chegg were taken private in the next year, since both companies have strong fundamentals and exceptional human capital. MOOCs topped the cycle in 2012.
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. But after cutting assets ranging from the company’s stake in The Economist to PowerSchool, a student information system, Pearson finally reported a profit again in 2017.
Edsurge
JULY 30, 2018
The firm traces its roots to 2012, when Jennifer Carolan and Wayee Chu (now both general partners at Reach), started a $12 million “Seed Fund” at NewSchools Venture Fund, an Oakland-based education nonprofit philanthropy. WriteLab (Chegg). -based firm has established itself as a familiar name within the education technology industry.
Edsurge
APRIL 8, 2019
Founded in 2012, Nearpod started as an “interactive lecture” platform for iPads that has since evolved to support all devices. 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.
Edsurge
APRIL 17, 2019
headquarters in June 2017, Planet3 executives laid off the staff. In the agreement with Clark County School District, nine middle schools agreed to the Planet3 pilot program from August 2016 to May 2017. In June 2017, Planet3 laid off its staff. Atari founder Nolan Bushnell started BrainRush in 2012.
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