K-12 Dealmaking: Permission Click, Eupheus Learning Raise Funds
Education companies including Canada-based Permission Click and Eupheus, an Indian ed-tech startup, raised funds from the investment community.
Permission Click Raises Funds: Permission Click, a Canadian provider of K-12 school form automation solutions, has closed a multimillion-dollar deal led by an international strategic investor, according to a statement published on the website District Automation.
Financial terms of the transaction were not disclosed. In the statement, the Winnipeg, Manitoba-based company noted that the new investment will allow Permission Click “to significantly expand its school-facing organization across North America, while turning an eye to new markets overseas.” The company also noted that it is working to make more than a dozen new hires in sales, marketing and product development.
The company aims to help K-12 systems manage risk and reduce liability by demonstrating that forms and processes have been consistently applied, that any required approvals (either internal or from parents) have been collected, and that documents have been securely archived.
Chris Johnson, co-founder and CEO of Permission Click, noted that while his company is not disclosing the identity of its new investment partner yet, “they share our vision to free schools from manual, paper-based processes and have invested in our company as a first step in our partnership.” Johnson indicated that the investor has “deep education market expertise in their region.”
Eupheus Learning Receives Investment: India-based startup Eupheus Learning has received a “significant” minority stake investment from Sixth Sense Ventures, an Indian consumer-centric domestic venture fund, according to an email to EdWeek Market Brief from a Eupheus spokesperson.
Sixth Sense has emphasized investments based on “three core aspects—sponsor, space and opportunity,” said Nikhil Vora, the founder and CEO of Sixth Sense Ventures, who also joined the board of Eupheus. “We like the edu-tech space as it offers perpetual demand,” and a “very high perceived value” is associated with it, he said.
Eupheus has established a handful of partnerships over the past year. Last July, World Book, an educational publishing and e-learning company that provides content for children, partnered with Eupheus to cater to the K-12 curriculum market in India.
Allovue To Raise Additional Funding: Allovue, a Baltimore-based ed-tech startup, is looking to raise $5.5 million, according to Technical.ly Baltimore, which cited a recent Securities and Exchange Commission filing.
Allovue provides a software platform that integrates with districts’ existing accounting systems and other data systems to help educators budget, manage and evaluate spending, according to the company website.
In 2015, the company raised a $5.1 million Series A financing round led by Rethink Education.
Edgenuity, Clever Form Partnership: Edgenuity, a provider of online curriculum and instructional services for the K-12 market, has formed a partnership with data integration tool Clever aimed at simplifying online learning for students, according to a statement.
The new partnership will enable set-up of new Edgenuity applications, giving students one-click access to their personalized resources. “We want districts who choose Clever to have the option of easily incorporating Edgenuity into their existing technological ecosystem,” said Sari Factor, CEO of Edgenuity.
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