Edtech Earnings Roundup: How 2U, Chegg, Instructure and Pluralsight Fared in Q2 2019

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The latest quarterly earnings for publicly traded education technology companies was especially rough for 2U , which revised its loss guidance for the year and stated that it expected enrollment challenges to its core business of running online graduate programs with universities.

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Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab

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Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. They started the company to solve a challenge that they both knew well: how to provide fast and actionable feedback to writing students. The company has also begun partnering with other companies such as Pearson and Microsoft. Even so, Ramirez described the edtech environment as “extremely challenging.” His advice to other edtech entrepreneurs?

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Edtech Industry Magnate Michael Moe Makes a Pivot

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Together they have run the ASU GSV Summit , the annual must-go-to event for business leaders and investors in edtech. DeVry University was another very successful company, delivering important skills for the untypical college student, as was Education Management Corp.

More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

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In the heartland of America, one company is raising big bucks in a bid to capture this lucrative market. Louis-based company’s $50 million Series B round, which closed in November 2015. Already boasting 4,000 tutors covering 1,000 subjects, the company is on the hunt for more teachers. That feature is a far evolution from the company’s humble beginnings in Washington University, where Cohn started the business as a student in 2007. Tutoring is big business.

Blackboard Co-Founder: ‘4 Secrets to Building a Tech Company for Higher Ed’

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To mark the 20th anniversary of Blackboard, one of the first LMSes, the company’s co-founder, Matthew Pittinsky, wrote an epic blog post about the company’s history, which includes his advice for today’s edtech leaders. As origin stories go, the founding of Blackboard twenty years ago lacked that single light bulb moment that tech companies like to tell. The winner of the LMS market would be the company with the most widely adopted platform.

Fueled by Big Rounds, Edtech Funding Surges to $887M in First Half of 2017

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edtech companies last year, the dollars returned with a fury during the first six months of 2017. edtech startups is already at 88 percent of the total in 2016 ( which was $1 billion ). Company. Several private-equity-backed companies have invested heavily in the “platform” approach. PowerSchool, owned by Vista Equity Partners, has acquired eight companies since June 2015. Home-run bets and financial windfalls are rare in the edtech industry.

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Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

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Dreamit Edtech network to get their “lemon lists” of concepts, statements, and business models that edtech entrepreneurs may want to think twice—or thrice—about. Bloomz , ClassDojo , Remind ), established companies ( SchoolMessenger ), and other deep pocket players from learning management system providers that already boast significant traction here. Do you know what company is “Facebook for country X?” Chegg (or Amazon for that matter)?

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Why Your Financial Advisor Doesn’t Recommend Edtech Stocks

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I’m excited for the industry’s future, and I think we can make money investing in publicly-traded edtech companies. I think you’re wrong, so I propose a bet: We’ll both invest in a basket of stocks on January 1, 2012—mine representing the edtech industry, and yours the whole economy. Vanguard index fund which tracks the biggest companies on the NYSE and NASDAQ exchanges. My edtech portfolio was more difficult to assemble. Our Basket of Edtech Stocks: 2U.

Platzi Raises $6 Million to Bring More Online Education to Latin America

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Before they founded a company together, Freddy Vega and Christian Van Der Henst were rivals. The two men joined together for a new company focused on an underserved market in tech training: Latin America. The company also boasts a sizable headcount of 117 full-time employees.

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In Move to ‘Unlimited’ Pricing Model, Cengage Hopes for a Comeback

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The company reemerged a year later intent on growing its digital offerings and making more strategic acquisitions and partnerships. At the recent ASU+GSV Summit in San Diego, EdSurge caught up with Cengage CEO Michael Hansen to capture his thoughts about the (un)affordability of course materials, faculty concerns about digital texts and what the company is looking for in its next acquisition. Tell me a little bit about some of your recent partnerships with companies such as Chegg.

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Gig’s Up: CreatorUp Raises $1 Million to Train and Match Creative Professionals for Work

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To support that effort, the startup has raised $1 million in a seed round from a group of investors that include Metallavon VC, an early-stage investment fund based in Greece, and LearnStart, the seed fund affiliated with edtech investment firm Learn Capital.

Reach Capital’s Newest Education Technology Investment Fund Closes at $82 Million

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Investing is humbling because we inevitably miss out on or pass on companies that go on to achieve great success in realizing their mission. It brought over the companies from the Seed Fund into its portfolio as well, and re-invested in 14 of them.) Since then, Reach’s focus has broadened, investing in early-stage companies building tools to support early-childhood education, postsecondary institutions and adult professional development. WriteLab (Chegg).

Pearson Is Selling Its US K-12 Business—Despite Posting a Profit and Digital Growth

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In its latest earnings update, the company confirmed that it is indeed moving ahead with such plans. Under his tenure, Pearson has embarked on a rocky transition to refocus Pearson as a digital-focused education company. But those moves may finally be bearing fruit, as the company reported a 2017 adjusted operating profit of £576 million (approximately US $804 million), one year after posting a $3.3 The company’s revenue from U.S.

Acquisition Autopsy: Details—and Questions—Behind MissionU’s $4M Sale to WeWork

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Two years ago, the “college-alternative” company launched to glowing coverage on TV shows, raised $11.5 A company’s closure naturally raises question about the viability of its ideas and business model. Fast Company, which broke the story , reported that the acquisition was an all-stock deal. Reactions from the company’s investors have included surprise, disappointment and a desire to forget the deal ever happened.

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EdSurge HigherEd Year in Review: Our Top Higher Education Stories of 2018

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That’s why we’ve also highlighted a few here that we don’t want you to miss, from complicated community college turnarounds to where IKEA and edtech overlap. Cheating on Chegg? How the Company Aims to Catch Tutoring Requests That Go Too Far. It’s no surprise that students would ask for help on platforms like Chegg, which offer digital textbooks as well as tutoring and homework help. Here’s a look at how the education company is responding.

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Where in the World Is Planet3? An Educational Gaming CEO Seeks His Second Act

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But at an all-hands meeting at the company’s Washington, D.C. Some employees hoped the company could turn around and stayed on without pay. “We Esther Wojcicki, the esteemed journalism teacher at Palo Alto High School, joined in 2016 as the company’s chief learning officer.

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Education Technology’s Machine Learning Problem—and Responsibility

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At the SF Edtech Meetup, hosted by EdSurge on July 10, four panelists gathered to discuss the challenges around deploying machine learning in the classroom and the boardroom. The speakers were Carlos Escapa (Senior Principal, AI/ML Business Development, Amazon Web Services), Vivienne Ming (Founder and CEO, Socos Labs), Matthew Ramirez (Director of Product Management, AI Writing Tools, Chegg) and Andrew Sutherland (CTO and co-founder, Quizlet).

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Hack Education Weekly News

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” Via Education Week : “Security Companies Sell School ‘Hardening’ as Mass-Shooting Solution.” ” Via MyNDNow.com : “ Iowa company donates AR–15s to be placed in Bismarck schools.” “Online education unicorn Udacity has quietly laid off 5% of staff – at least 25 people – since August,” says Techcrunch , proving that “ unicorn ” is really a meaningless label for tech companies.

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Hack Education Weekly News

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Via Forbes : “The Startup President: How France ’s Macron Nearly Built An EdTech Company.” ” Ed-tech: where you don’t need an actual product idea for a company, and you can incubate your neoliberalism anyway. But they’re connected to the new Woz U and a web of for-profit companies – raising questions of conflict of interest and legal compliance.” So many people predicting this company would disrupt higher ed.

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Hack Education Weekly News

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” Reminder: here are the education companies Palantir founder Peter Thiel has invested in. Via Edsurge : “What Colleges Should Know About A Growing ‘ Talent Strategy ’ Push By Companies.” Via eCampus News : “Is higher ed ready for the big edtech explosion ?” Amazon Web Services suffered a major outage this week, knocking many education companies who use AWS offline. The student loan company has raised $1.88

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Hack Education Weekly News

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“Is Your Edtech Product a Refrigerator or Washing Machine?” ” Pearson and Chegg are partnering for textbook rentals. “Why Fixing the Pipeline Alone Won’t End Edtech’s Diversity Problem ,” says Edsurge. The private student loan company has raised $50 million total, but I’m told “fintech” doesn’t “count” as ed-tech so let’s just ignore this trend, right? Education Politics.

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