Edsurge
MAY 13, 2021
Amidst the hype, two competing entities were formed within a few weeks of each other: One of them was Coursera, a for-profit startup backed by the biggest-name investors in Silicon Valley, who argued that they were building a billion-dollar company, a rare “unicorn,” as venture capitalists say. Downsides of Openness?
Edsurge
DECEMBER 30, 2020
In fact, many capitalized on it in 2020. Here is a recap of the biggest and most popular edtech business stories of 2020. That set off a chain of lawsuits, layoffs and revolt from investors unhappy with the terms, which carried into 2020. It may not be the only publicly traded edtech company to be taken private.
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Edsurge
JULY 29, 2020
“With COVID-19 jeopardizing in-school learning, we expect the widespread adoption of edtech software to continue, and this is not a short-term trend,” says Jeff Lieberman, a managing director at Insight Partners, a private equity firm that has backed nearly two dozen education companies. In the first half of 2020, U.S. In the U.S.,
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
JANUARY 27, 2021
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. He was an early investor in Chegg, which went public in 2013 and whose stock more than doubled in 2020. edtech startups raised $2.2
Edsurge
DECEMBER 28, 2021
Coursera went public , while edX was acquired by the public company 2U for $800 million and lost its non-profit status. In March, Coursera went public on the NYSE, raising $519 million. million) and how much Coursera paid its university partners ($281 million). It led me to call 2020 the “Second Year of the MOOC.”
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.
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