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

Edsurge

Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. The acquisition by Chegg is the kind of outcome that entrepreneurs and investors have long hoped to see in the edtech world. Prior to buying WriteLab, in October 2017 Chegg paid €12.5

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Why I'm Still Bullish About the State of Edtech

Edsurge

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. It’s hard to remember now, but many industry colleagues felt edtech was a frothy market in 2017.

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

Edsurge

edtech companies last year, the dollars returned with a fury during the first six months of 2017. This means that halfway through 2017, the funding for U.S. The 2017 number is inflated, however, by three gargantuan fundraises by EverFi ($190 million), Hero K12 ($150 million) and Grammarly ($110 million). Mean round size.

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

Edsurge

based firm has established itself as a familiar name within the education technology industry. Earlier in 2018, Pluralsight, which provides online classes for technology and business professionals, went public. WriteLab (Chegg). Jennifer Carolan, co-founder and managing partner at Reach Capital The Palo Alto, Calif.-based

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Byju’s Becomes an Edtech ‘Decacorn’ After Fundraise from Mary Meeker’s Bond Capital

Edsurge

Byju’s is the newest member—thanks to an investment from technology investment firm Bond, which values the company at $10.5 Bond was founded by Mary Meeker, a former partner at Kleiner Perkins whose annual “Internet Trends” reports have become a must-read for the technology industry. billion , according to The Economic Times.

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Can Technology in the Classroom Replace Expensive Textbooks

Kitaboo on EdTech

Smartphones, tablets, and laptops had become a permanent requirement along with using technology in the classrooms by this time. The State appropriations per full-time student have fallen from an inflation-adjusted $8,489 in 2007 to $7,642 in 2017. Similarly, Pearson has made some of its textbooks available for rent through Chegg.