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

Edsurge

Along the way, Varsity Tutors raised $107 million in venture capital from firms including the Chan Zuckerberg Initiative, Learn Capital and Technology Crossover Ventures. TPG, the private equity firm behind the deal, is an investor in other edtech companies through its social-impact arm, The Rise Fund. In 2020, users logged over 4.7

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

Edsurge

The four focus areas include career credentialing, digital and adaptive learning platforms, STEM and computer science instructional tools and data analytic services for schools. New Markets has supported 43 companies since its launch in 2003; edtech startups make more than 90 percent of its deals in the past five years, Palmer adds.

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

Edsurge

LinkedIn loves to learn. announced an online learning portal with thousands of courses aimed at helping individuals pivot or pick up new skills for their careers. If that offering sounds like what one might find on Lynda.com, which LinkedIn acquired 18 months ago. Today the social media site for professionals.

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

Edsurge

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. Other EdSurge stories about edtech venture capital. 2016 US Edtech Funding Totals $1 Billion.

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

eSchool News

SplashLearn, the US-headquartered learning company began 2021 on a high note raising $18 million in Series C funding round led by Owl Ventures. San Francisco based Owl Ventures is the largest edtech sector-focused venture capital firm in the world. We envision a world where every child would learn, fearlessly. About SplashLearn.

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

Edsurge

That tool is data, and it marks the focus of Microsoft’s first edtech acquisition of 2019: DataSense , a data management platform developed by Brightbytes. It also offers a rostering solution that expedites how student and educator accounts for third-party edtech applications are created and managed.