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 -based company tumbling to historic lows.

Chegg 90

Chegg EdTech Blackboard Company 90

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.

EdTech 164

EdTech Chegg Mobility Company 164

Edsurge

JANUARY 27, 2021

That leaves 2U, Chegg and Stride (formerly known as K12 Inc.) as the remaining trio of prominent edtech companies on the U.S. In 2020, 248 SPACs raised more than $83 billion —more than four times the companies, and six times the funding, over the previous year. edtech startups raised $2.2 Adit EdTech Acquisition Corp.,

Company 159

Company EdTech Chegg Coursera 159

Edsurge

NOVEMBER 12, 2019

Back in 2014, more competition from Amazon had led the Santa Clara, Calif-based Chegg to a deal with book distributor Ingram Content Group. Ingram bought Chegg’s textbook inventory to sell and distribute, and the companies shared the revenues. The Ingram deal was framed as part of Chegg’s strategy to 100 percent digital revenue.

Chegg 65

Chegg Company Training Data 65

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.

EdTech 188

EdTech Khan Academy Chegg Coursera 188

Edsurge

MAY 12, 2020

While COVID-19 hit at the tail end of the first quarter, some publicly traded education companies already reported an impact on their Q1 2020 earnings. Chegg The bottom line: Chegg’s first quarter delighted investors. Its Q1 2020 revenue hit $132 million, a 35 percent increase from the same period last year. What’s ahead?

Company 112

Company Chegg EdTech Pearson 112

Edsurge

FEBRUARY 23, 2021

Money has flowed into the edtech sector over the last twelve months. Unlike other edtech startups seemingly on the fast track to big checks, Codecademy has been in the business for over a decade. The deal with Owl Ventures, one of the largest edtech-focused venture funds , appears to tick all of these boxes.

Chegg 156

Chegg Company EdTech Education 156