K-12 Dealmaking: Udemy, Tynker Raise Funds; PeopleAdmin Acquires TeacherMatch

Marketplace K-12

A number of ed-tech companies, including Udemy and Tynker, have raked in funds from investors over the past week. Udemy Raises $60 Million: Udemy , a San Francisco-based online provider of courses, received a $60 million strategic investment from Internet and entertainment group Naspers through its Naspers Ventures division. In addition, Larry Illg, CEO of Naspers Ventures, is joining Udemy’s Board of Directors.

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K-12 Dealmaking: Kaplan Launches New Practice in U.S.; BoomStartup Taking Ed Tech Accelerator Applications

Marketplace K-12

million to Ellevation , a company focused on building the skills of English-language learners. Here’s a roundup of the past week’s activity: Udemy Acquires Talentbuddy. Udemy, a San Francisco-based online provider of courses, acquired Talentbuddy , a platform for programmers and others to acquire skills. Udemy boasts that it offers 40,000 courses in 190 countries, with more than 10 million students enrolled.

?Filling the Other Skills Gap

Edsurge

And in the market of companies tackling the infamous employment gap between willing workers and open jobs, this maxim appears correct. The collection of edtech companies aimed at prepping educated, but still underprepared workers represents a virtual stampede of unicorns. The likes of Coursera, Udacity, Udemy, MasterClass, Lynda, and Pluralsight have together raised more than $1 billion and represent combined enterprise value of more than $5 billion.

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The Business of Education Technology

Hack Education

Bust or not, companies across the tech sector, particularly those with high “burn rates” , faced tough choices in 2016: “cut costs drastically to become self-sustaining, or seek additional capital on ever-more-onerous terms,” as The WSJ put it – that is, if they were able to raise additional capital at all. The CEO of Safari Books left the company “ amidst massive layoffs.” These companies almost all share the same investors too.

Hack Education Weekly News

Hack Education

Via Edsurge : “As LinkedIn ’s Video Library Grows, Company Says It Has No Plans to Compete With Colleges.” Via The New York Times : “ Climate Science Meets a Stubborn Obstacle: Students.” Udemy has a new CEO : “Kevin Johnson, former CEO of EBates, a marketplace for coupons and shopping discount deals.” That’s despite privacy concerns about the company. The “personalized learning” company has raised $6.8

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