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Interplay Raises $18M to Build a Lynda.com for Essential Skilled Trades

Edsurge

There’s been a lot of great edtech serving the knowledge worker, such as tools like Pluralsight. His company has set out to create a digital education platform similar to Lynda.com, but focused on hands-on trades. But there’s a vacuum in the digital marketplace for skills for hands-on workers.”

lynda.com 159
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Varsity Tutors to Go Public at $1.7B Valuation Through SPAC Acquisition

Edsurge

TPG, the private equity firm behind the deal, is an investor in other edtech companies through its social-impact arm, The Rise Fund. TPG was also a backer of Lynda.com, an early pioneer in online video instruction, which was acquired by LinkedIn for $1.5 These include Adit EdTech Acquisition Corp. billion in 2017.

lynda.com 216
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New Markets Venture Partners Adds $30 Million, Former Gates Foundation Executive to Edtech Fund

Edsurge

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. Investments in edtech companies in 2016 totalled $945 million, according to estimates from GSV Capital, less than half of the $2 billion tally last year.

EdTech 139
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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.

EdTech 60
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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.

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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. SplashLearn fits into our objective of supporting innovative companies in the edtech space, helping drive a paradigm shift in the way education is imparted, bringing it to scale” said Amit A. SplashLearn was incorporated in 2010.