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

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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.”

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

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Cengage and McGraw-Hill Education plan to join forces in an all-stock merger. The new company will retain the McGraw Hill name, but will be led by Michael Hansen, currently the CEO of Cengage. Nana Banerjee, who holds that title for McGraw-Hill Education, is expected to depart after the deal goes through. billion in 2013.

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

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education technology industry appears on track to surpass the amount of investor funding tallied in recent years. 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. edtech companies in the first half of 2019.

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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

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New Markets is bringing back a familiar face to steer its next education investment fund. His newest role—as general partner at New Market Venture Partners—coincides with the first closing on a new education fund. Part of the new fund will also be used for what Palmer calls “recapitalization,” a scenario that companies want to avoid.

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Korean Publisher Acquires Adaptive Math Program, KnowRe

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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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