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Public Edtech Companies Have Been Rare. These SPACs Will Change That.

Edsurge

Publicly traded education technology companies are rare. That leaves 2U, Chegg and Stride (formerly known as K12 Inc.) as the remaining trio of prominent edtech companies on the U.S. CLAS.U), a special purpose acquisition company headed by CEO Michael Moe, raised $225 million in its IPO. public market.

Company 161
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Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab

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Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. WriteLab was founded in 2013 by Matthew Ramirez, then a PhD candidate at the University of California, Berkeley and Donald McQuade, a long-time English professor at the same school. Ramireze said.

Chegg 70
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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.

Chegg 159
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Platzi Raises $6 Million to Bring More Online Education to Latin America

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Before they founded a company together, Freddy Vega and Christian Van Der Henst were rivals. They had two different companies that provided services to Flash programmers until a combination of the programming language’s decline in popularity with the global recession killed business in the early 2010s. For the U.S.

Chegg 165
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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.

Company 74
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Pearson Is Selling Its US K-12 Business—Despite Posting a Profit and Digital Growth

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In its latest earnings update, the company confirmed that it is indeed moving ahead with such plans. If concluded, the sale would mark yet another major asset that Pearson has shed since John Fallon took over as CEO in 2013. a semester to access all of the company’s digital higher-ed materials. billion loss in 2016.

Pearson 107
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Blackboard Co-Founder: ‘4 Secrets to Building a Tech Company for Higher Ed’

Edsurge

As origin stories go, the founding of Blackboard twenty years ago lacked that single light bulb moment that tech companies like to tell. The winner of the LMS market would be the company with the most widely adopted platform. In recent memory, we launched Blackboard in 1997 and took the company public seven years later in 2004.