million in cash, plus some stock, for Fullstack Academy, and Chegg’s Thinkful purchase for $80 million. Still, the deal is less than the estimated $168 million that Galvanize has raised since it started in 2012, according to Crunchbase. MORE

edtech companies last year, the dollars returned with a fury during the first six months of 2017. edtech startups is already at 88 percent of the total in 2016 ( which was $1 billion ). Just three years ago, some of the biggest firms on Sand Hill Road—Kleiner Perkins, Sequoia Capital, Benchmark Capital—were happily putting money into edtech startups with unproven revenue models. Home-run bets and financial windfalls are rare in the edtech industry. MORE

Via eCampus News : “Is higher ed ready for the big edtech explosion ?” ” Via the press release : “ Cengage , McGraw-Hill Education , and Pearson have joined forces with Ingram and Chegg , Inc. Saint Francis High School invested $15,000 in the company back in 2012. Education Politics. President Trump gave a not-the-State-of-the-Union address to Congress on Tuesday. MORE

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. It eyed the edtech industry as early as 2014, says Elizabeth Fisher Marshall, a managing director at Hall Capital, but “our concern at the time was the depth of the opportunity set and the unproven exit market.” WriteLab (Chegg). MORE

You can read the series here: 2010 , 2011 , 2012 , 2013 , 2014 , 2015 , 2016 , 2017 , 2018 , 2019. 3D printing, The Economist pronounced in 2012 , was poised to bring about the third industrial revolution. (I MORE

Kelly met him through Planet3 co-founder Albert Yu-Min Lin when Lin received an award sponsored by Switch, Kelly told EdTech Digest at the time. Atari founder Nolan Bushnell started BrainRush in 2012. When Tim Kelly started Planet3 in 2013, he aimed for the stars. MORE

According to an EdSurge database of publicly announced funding deals, investment in edtech companies reached at least $1.66 edtech industry in 2019 is largely mirrored across the broader venture capital landscape. Two trends have helped to define the U.S. MORE

That’s why we’ve also highlighted a few here that we don’t want you to miss, from complicated community college turnarounds to where IKEA and edtech overlap. 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. What Do Edtech and IKEA Have in Common? And edtech is no stranger to it. MORE

I’m excited for the industry’s future, and I think we can make money investing in publicly-traded edtech companies. I think you’re wrong, so I propose a bet: We’ll both invest in a basket of stocks on January 1, 2012—mine representing the edtech industry, and yours the whole economy. My edtech portfolio was more difficult to assemble. Our Basket of Edtech Stocks: 2U. Chegg. So we created our own basket—or market index—of edtech stocks. MORE