Online Learning Platform, NovoEd Acquired by Boston Private Equity Firm
OCTOBER 16, 2018
Boston-based private equity firm Devonshire Investors has acquired NovoEd , a San Francisco-based provider of an online learning platform. NovoEd traces its roots to Stanford University, where engineering professor Amin Saberi and Farnaz Ronaghi, then a PhD student, launched their first online course in 2012. These online courses are easy to sign up for, yet few students actually stick through and finish them.