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With Eyes on Asia, Kidaptive Raises $19.1M to Grow Its ‘Invisible’ Adaptive Learning Platform

Edsurge

Once known for a learning game, the Redwood City, Calif.-based based company now touts itself as a provider of adaptive-learning technologies for educational content providers. The company has refocused its business and research around what it calls its “Adaptive Learning Platform.” Back in the U.S.,

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Who is the Theranos of Education?

Edsurge

Over the last few months, biotech company Theranos has re-entered the conversation due to a slew of newsworthy happenings—the Elizabeth Holmes trial finally came to an end with four of 11 charges of fraud, and Hulu announced The Dropout’s debut while Apple Original Films’s Bad Blood is currently in production. Money came flowing.

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Cengage, McGraw-Hill Agree to Merge to Become 2nd Biggest US Textbook Publisher

Edsurge

The new company will retain the McGraw Hill name, but will be led by Michael Hansen, currently the CEO of Cengage. Like other established textbook publishers, both companies have reoriented their businesses around digital offerings. McGraw-Hill Education filed for an IPO in 2015 but withdrew three years later. billion in 2013.

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US Edtech Funding Already Nears $1 Billion in First Half of 2019

Edsurge

For the first half of 2019, the industry saw $962 million raised across 65 deals, the highest amount of funding at the halfway mark since at least 2015. By comparison, in the first six months of 2018, companies raised $750 million across 62 deals. Some companies count their accelerator funding into their subsequent seed rounds.

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Lexia Celebrates 40th Anniversary 

eSchool News

BOSTON – Lexia , a Cambium Learning Group brand , is celebrating its 40th anniversary as a leader in science of reading-based solutions. Since its founding in 1984, Lexia has grown from a small home-based business in Lincoln, Massachusetts, to a company with nearly 1,000 employees currently serving more than 6.8

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New Markets Venture Partners Adds $30 Million, Former Gates Foundation Executive to Edtech Fund

Edsurge

The four focus areas include career credentialing, digital and adaptive learning platforms, STEM and computer science instructional tools and data analytic services for schools. New Markets has supported 43 companies since its launch in 2003; edtech startups make more than 90 percent of its deals in the past five years, Palmer adds.

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Korean Publisher Acquires Adaptive Math Program, KnowRe

Edsurge

A few days earlier, that company’s competitor Reasoning Mind was acquired by Imagine Learning, a private equity-backed curriculum company. The Seoul, South Korea-based education company was purchased by Daekyo , an operator of after-school learning centers and academic enrichment programs in the country.

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