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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. billion, making it the first billion-dollar technology company based in St. TPG, the private equity firm behind the deal, is an investor in other edtech companies through its social-impact arm, The Rise Fund.

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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.

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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.

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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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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

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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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. Users will see courses in business, technology, creative and leadership skills.