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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. Both K-12 and higher-ed institutions have begun to use WriteLab’s tools, including the likes of Stanford University, UC Riverside and the charter network, Carpe Diem. Educators have appreciated their work.

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That’s a Rap! Nearpod Buys Educational Hip Hop Creator, Flocabulary

Edsurge

The company also offers reading exercises, quizzes, vocabulary games, and tools that let students write and animate their own videos. Its biggest institutional shareholder is Insight Venture Partners, a private equity firm whose education portfolio also includes Chegg, Instructure and Pluralsight—three companies that have gone public.

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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. But after cutting assets ranging from the company’s stake in The Economist to PowerSchool, a student information system, Pearson finally reported a profit again in 2017.

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

Edsurge

Since then, Reach’s focus has broadened, investing in early-stage companies building tools to support early-childhood education, postsecondary institutions and adult professional development. In 2017, private equity firms including BV Investment Partner and The Rise Fund poured hundreds of millions into acquiring edtech companies.

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Can Technology in the Classroom Replace Expensive Textbooks

Kitaboo on EdTech

The State appropriations per full-time student have fallen from an inflation-adjusted $8,489 in 2007 to $7,642 in 2017. The overall state funding for public two- and four-year colleges in the 2017 school year was nearly $9 billion below its 2008 level, after adjusting for inflation.

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Hack Education Weekly News

Hack Education

Chalkbeat on how a Denver school uses yoga as a disciplinary tool. Via Techcrunch : “ Udacity grew its revenue over 100% year-over-year in 2017.” Via Edsurge : “ Cheating on Chegg ? ” So Chegg’s algorithms declare you’re a cheater, and you don’t get a tutor.

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Hack Education Weekly News

Hack Education

“Researchers say removal of an IRS tool for financial aid applicants may have slowed FAFSA submissions, while college aid groups warn that affected students could already be losing out on aid,” Inside Higher Ed reports. ” Sante Fe University of Art and Design will close at the end of the 2017–2018 school year.