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Chegg to Buy Coding Bootcamp Thinkful for $80 Million

Edsurge

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 It is expected to close in the fourth quarter.

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

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“We’ve been cashflow positive for more than 18 months at this point … I think that's a rarity in the world of technology startups and in the world of fast-growth, education-technology startups.” The company last raised $30 million in a Series C round led by Naspers in 2016, and a $10 million Series B back in 2012.

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Why I'm Still Bullish About the State of Edtech

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Five years ago I wrote a piece for EdSurge entitled “ Why I’m Optimistic About The Next Wave of Education Technology,” and at the time I wanted to counteract the feelings many were expressing that the edtech bubble was about to burst. Chegg (NYSE: CHGG) is down 43.8 But as a point of reference: Google did not yet exist.

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Reach Capital’s Newest Education Technology Investment Fund Closes at $82 Million

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based firm has established itself as a familiar name within the education technology industry. 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).

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

Edsurge

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. Technology shapes our behavior everyday. This kind of persuasive technology, which intends to push and pull us in different directions, is intentional.

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

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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.

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Why Your Financial Advisor Doesn’t Recommend Edtech Stocks

Edsurge

Now pretend that it’s late 2011, and we get into a debate about education technology. 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. SMART Technologies. Our Basket of Edtech Stocks: 2U. Graham Holdings.

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