Edsurge
AUGUST 21, 2019
But 2U wasn’t the only edtech player to get Wall Street talking. Here’s how the other edtech companies that went public earlier this decade fared. Chegg The numbers: For the second quarter, ended June 30, Chegg reported an adjusted EBITDA of $31.1 Chegg now has about $1.1 (It has risen slightly to $18.39
Edsurge
APRIL 1, 2022
In the next few days, thousands of edtech entrepreneurs, investors, educators and policymakers will flood a hotel in San Diego to attend the Mecca of Education Innovation Optimism known as ASU GSV. So now is the perfect time to reflect on the state of edtech. A small but mighty movement was building – and it needed time to grow.
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Edsurge
JUNE 11, 2020
Soon, schools would be inundated with sales pitches from edtech companies, and it didn’t take long before they started pushing back against those that seemed predatory. For the edtech industry, the pandemic poses a paradox. Yet this reality seems not to have dampened investor enthusiasm for private edtech companies.
Edsurge
JULY 28, 2021
It’s got an effective mobile app that really changes the context in how people access language, a critical mass in consumer interest in learning applications and since the pandemic hit, it put edtech into the minds of investors as a real investable category,” says Trace Urdan, an edtech analyst and managing director at Tyton Partners.
Edsurge
MAY 12, 2020
Chegg The bottom line: Chegg’s first quarter delighted investors. Fueling that growth is Chegg Services, which brought in just over $100 million in revenue last quarter, a 33 percent increase over Q1 2019. As such, it is difficult to predict how much, if any, of Chegg's first half momentum will continue.”
Edsurge
AUGUST 31, 2020
Capitalizing on increased usage seems to be the formula among edtech companies seeking new money this year. edtech companies raised over $800 million in the first half of 2020. So far there are 45,000 verified educators on the platform, up from 20,000 in August 2019, according to Grauer. According to the EdSurge database, U.S.
Kitaboo on EdTech
APRIL 25, 2019
billion cut in funding for the education department, compared to a 10% decrease in 2019. Companies like Chegg, eFollett, and BookRenter are offering new textbooks on rent for less than the price of a used book. The budget proposal for the 2020 fiscal year requested an approximate $7.1
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