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Varsity Tutors to Go Public at $1.7B Valuation Through SPAC Acquisition

Edsurge

Being nerdy pays off, and soon there will be another education technology company on the public market. Like many other online education providers, Varsity Tutors saw a surge of usage and spending during the pandemic. These include Adit EdTech Acquisition Corp. The deal will give Nerdy a valuation of $1.7 billion in 2017.

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New Markets Venture Partners Adds $30 Million, Former Gates Foundation Executive to Edtech Fund

Edsurge

New Markets is bringing back a familiar face to steer its next education investment fund. His newest role—as general partner at New Market Venture Partners—coincides with the first closing on a new education fund. He expects to see media companies play a bigger role in snapping up promising edtech startups. The Fulton, Md.-based

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Rethink Education Re-Ups Commitment to Edtech With $107.5 Million Fund

Edsurge

education technology startups ebbed in 2016, dipping roughly 30 percent in deal volume and value from the previous year. billion purchase of Lynda.com and Instructure’s initial public offering, both of which took place in 2015. These statistics offer a somber reminder that the edtech industry does not produce quick, home run hits.

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Microsoft Takes a Bite Out of BrightBytes, Acquiring Its DataSense Platform and Team

Edsurge

From launching new tablets to virtual-reality curriculum , Microsoft has added plenty to its educational offerings through a series of new product updates and acquisitions over the past few years. It also offers a rostering solution that expedites how student and educator accounts for third-party edtech applications are created and managed.

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SplashLearn Raises $18 Million in Series C Funding Round From Owl Ventures & Accel

eSchool News

San Francisco based Owl Ventures is the largest edtech sector-focused venture capital firm in the world. With the onset of Covid-19, SplashLearn saw a surge of almost 3x in adoption, as more students turned online and families began seeking educational support. SplashLearn was incorporated in 2010. billion in assets under management.

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What to Ask When Choosing Tech for Schools

Edsurge

Everything that we do at EdSurge—covering the news, building out research reports, developing the edtech Index and, most recently, building out our Concierge program —is aimed at helping schools figure out what the right technology is for their students and teachers. Check it out!

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LinkedIn’s New Learning Platform to Recommend Lynda Courses for Professionals

Edsurge

If that offering sounds like what one might find on Lynda.com, which LinkedIn acquired 18 months ago. The new product, LinkedIn Learning , includes all 5,000 courses published on Lynda.com, and any new courses created will be published on both platforms. targeting higher-education institutions with the new offering.