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

Edsurge

Publicly traded education technology companies are rare. That leaves 2U, Chegg and Stride (formerly known as K12 Inc.) 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. public market.

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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. Even so, Ramirez described the edtech environment as “extremely challenging.”

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This Edtech Critic Was Supposed to Become a Bridge Between Educators and Edtech. How Is It Going?

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But if they want to thrive, both groups might need to learn to meet each other’s gaze. To compete, companies will have to “relentlessly” focus on learning outcomes, just as educational institutions will have to focus on the business outcomes of their institution, Chou said. The companies note that they forbid cheating.)

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The Pandemic Is Changing How Colleges Offer Tutoring. Will Students Use It?

Edsurge

During the past two years of the COVID-19 crisis, there has been a spike in student use of so-called homework help websites —including Chegg and Course Hero—which market themselves as providing study aids but which many professors see as designed to aid student cheating. They’re the best advertisement you can ever ask for."

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

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These meetings, she says, inform how they interact with entrepreneurs. 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.

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Course Hero Adds $70 Million to Series B Fundraise

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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.

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How Merger of Two Textbook Giants Could Impact Course Materials

Edsurge

That appears to be the hope of officials at the two companies, which have both been trying for years to shift the focus of their businesses from selling print books to shipping software and other online tools, and have recently been experimenting with subscription models. That’s the way Cengage created its subscription product, says Hansen.

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