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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. Educators have appreciated their work. The company has also begun partnering with other companies such as Pearson and Microsoft. Even so, Ramirez described the edtech environment as “extremely challenging.”

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Edtech Industry Magnate Michael Moe Makes a Pivot

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Over the past decade, Michael Moe and his business partner, Deborah Quazzo, have been central players in building the education technology economy. Together they have run the ASU GSV Summit , the annual must-go-to event for business leaders and investors in edtech.

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. This week, Varsity Tutors raised $50 million in a Series C round led by Learn Capital, an education-focused venture firm. 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. Education Technology Financing Edtech Business

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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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. Here are some lessons I learned about what makes the higher education market unique.

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 ). put $150 million in Hero K12 , and Bain Capital, whose Double Impact Fund is on the hunt for promising (and lucrative) education teams. Company. Several private-equity-backed companies have invested heavily in the “platform” approach. Company.

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Why Your Financial Advisor Doesn’t Recommend Edtech Stocks

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Now pretend that it’s late 2011, and we get into a debate about education technology. 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. Chegg.

Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

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If you go to startup pitch events, you’ve seen it happen: An entrepreneur says something—something so naïve, egregious and hackneyed—that it makes the investors, along with educators who are now increasingly in the audience, physically cringe. 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. Do you know what company is “Facebook for country X?”

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

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And now that Reach Capital is done fundraising, it will return its focus to evaluating pitches from education entrepreneurs, all vying for a piece of Reach’s new $82 million fund. Investing is humbling because we inevitably miss out on or pass on companies that go on to achieve great success in realizing their mission. based firm has established itself as a familiar name within the education technology industry. Engrade (acquired by McGraw-Hill Education).

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

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While not quite the “Year of the MOOC,” 2018 saw a resurgence in interest around the ways these massive open online courses are delivering free (and more often these days, not free) online education around the world, and how these providers are increasingly turning to traditional institutions of learning. 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?

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

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He envisioned a game-based educational platform used by teachers and students to learn about science and the environment. And he had interest from educators who wanted to try Planet3 in schools that included the Las Vegas area. The company’s primary backer also had a change of heart.

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Education Technology’s Machine Learning Problem—and Responsibility

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But how is machine learning playing out in education—and how does it impact not just students, educators and parents, but also the businesses building technology tools to support teaching and learning? 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. Ming recommended that companies hire domain experts who can build the machine learning system.

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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.

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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Hack Education Weekly News

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Each week, I gather a wide variety of links to education and education technology articles. All this feeds the massive review I write each December on the stories we are told about the future of education. National) Education Politics. ” (State and Local) Education Politics. ” Immigration and Education. ” Education in the Courts. It’s not directly education related. The language learning company has raised $12.5

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. All this feeds the review I write each December on the stories we are told about the future of education. National) Education Politics. Via Forbes : “The Startup President: How France ’s Macron Nearly Built An EdTech Company.” Mick Zais has been confirmed as the Deputy Secretary of Education. State and Local) Education Politics.

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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 higher-education courseware and in-school assessment in the U.S.

Hack Education Weekly News

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Education Politics. Details about the education-related elements of his speech from NPR , The New York Times , Education Week , and The Washington Post. ” More on changing her tune from The Chronicle of Higher Education. Via The Chronicle of Higher Education : “ Executive Order Falls Short of Some HBCU Leaders’ Hopes.” ” Here it is: the worst education “take” of the year. Immigration and Education.

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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. WeWork’s interest appears to focus on bringing him onboard to run its WeGrow education program (which, at least for now, focuses squarely on K-12 learners.)

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Hack Education Weekly News

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Education Politics. From the Department of Education’s press release : “U.S. Secretary of Education Announces Chief of Staff and Additional Staff Hires.” ” Also on the list of new hires: Robert Eitel , “who had been criticized for his dual role as a top for-profit college official and Education Department adviser, has resigned from his position at Bridgepoint Education.” ” Immigration and Education.

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