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Earnings Roundup: How Public Edtech Companies Fared Following the Outbreak

Edsurge

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 106
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Codecademy, an Early (and Now Profitable) Pioneer of Coding Education, Raises $40M in New Funding

Edsurge

Codecademy has been on our radar for a long time, as one of the early, long-standing leaders in online learning,” said Amit Patel, Owl Ventures’ managing director. “We Learning at work is just an absolutely massive trend that we intend to tap into over the next couple of years,” Sims said. “I Chegg went public in 2013.

Chegg 149
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Byju’s Becomes an Edtech ‘Decacorn’ After Fundraise from Mary Meeker’s Bond Capital

Edsurge

Byju’s claims its online learning app, which offers instructional videos, live classes and practice questions, is now used by more than 57 million students. Its co-founder, Divya Gokulnath, told Business Insider that its revenue surpassed $370 million for the year ending in March 2020. The highest-valued private U.S.

EdTech 124
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The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

Kno was headed by Osman Rashid, the co-founder of the textbook rental company Chegg, and the tablet was aimed at the college market. Although Rocketship founder John Danner hoped that the charter school chain would serve one million students by 2020, his goal has since been significantly revised. Common Core State Standards.

Pearson 145