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Public Edtech Companies Have Been Rare. These SPACs Will Change That.

Edsurge

Publicly traded education technology companies are rare. as the remaining trio of prominent edtech companies on the U.S. CLAS.U), a special purpose acquisition company headed by CEO Michael Moe, raised $225 million in its IPO. He was an early investor in Chegg, which went public in 2013 and whose stock more than doubled in 2020.

Company 164
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Course Hero Adds $70 Million to Series B Fundraise

Edsurge

As it turns out, the company wasn’t done fundraising. Capitalizing on increased usage seems to be the formula among edtech companies seeking new money this year. Companies like Coursera, which helps universities build and access online courses, have ridden the momentum from new registrations to secure a $130 million investment in July.

Course 131
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European Edtech Investor Brighteye Ventures Raises $54 Million for Second Fund

Edsurge

companies like Coursera are raising hundreds of millions at billion-dollar valuations. It proves that there is appetite among investors for helping education companies serving the European market.” Source: Brighteye Ventures: “ The European EdTech Funding Report 2020.” In the U.S., As in the U.S.,

EdTech 124
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When universities slap their names on for-profit coding boot camps

The Hechinger Report

Make School, a San Francisco-based gaming company turned for-profit educational institution, was already offering a short-term tech boot camp, designed to meet that same goal. At least 75 such partnerships exist between colleges and three of the country’s top boot camp provider companies: edX, ThriveDX and Fullstack Academy.

Company 96
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COLUMN: Changes to come should be ‘music to your ears,’ higher education innovators say

The Hechinger Report

Digital alternatives at residential colleges and other new ways of delivering education have exploded since the pandemic forced schools to shut down in March 2020, forcing a reckoning in a sector already reeling from enrollment declines, rising tuition and unmanageable, often hidden student debt.

Education 124
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Why I’m Optimistic About the Next Wave of Education Technology

Edsurge

The first online class we launched in 1998 was little more than flat text on webpages, and we closely followed the birth of learning management systems, meeting with both Blackboard and WebCT before they achieved their first $1 million in revenue. 2011-2020: From Early Adopters To Mainstream Adoption. 2004-2011: Washington Leans In.

Kaplan 163
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It’s the Dawning of a New Day in the Job Market. Here’s What That Means for Higher Ed

Edsurge

As 2020 kicked off, the U.S. Early reports indicate that many blue-chip companies have begun to freeze or rescind hiring offers to graduating students. Consistent with past recessions, many companies are being forced to cut or freeze benefits such as 401(k) contributions. Across industries, demand for talent was booming.

Coursera 126