Edtech Business

Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab

Reading, writing and AI—that turned out to be the winning combination for startup, WriteLab.Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. (There’s an additional payment of $5 million to key employees over the next three years, assuming they stay.)

New Markets Venture Partner’s Not-So-New Edtech Fund Finally Closes at $68 Million

When New Markets Venture Partners first began fundraising for its second education technology investment fund, Barack Obama was in office, Brexit for up for debate and iPhones still had headphone jacks.Now, more than two years later, New Markets is finally calling it a wrap. Its latest fund, dubbed “New Markets Education Partners II,” formally and finally closed on April 30, totalling $68 million.

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Why Solving the Teacher Shortage Is Critical for Edtech

School districts nationwide are facing a critical teacher shortage and the situation is only expected to worsen in the next few years. This issue has many implications for student learning, but one that is often overlooked is that a shortage of qualified instructors can have a crippling effect on a school district’s ability to implement technology effectively.

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Why Google Maps—not Netflix or Amazon—Points to the Future of Education

“He who controls the metaphor controls the debate.” – David GergenAmong the many lessons I learned from my time working for David Gergen, an advisor to four U.S presidents and now the director of the Center for Public Leadership at Harvard’s Kennedy School of Government, was that metaphors matter in public life. The prevailing metaphor in a field shapes the contours of a conversation.

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Why Schools Are Superior to Startups When It Comes to Building Edtech

Today’s teachers are expert innovators. They create classrooms designed to maximize student learning, and do everything from fine-tuning lesson plans and homework assignments to organizing the physical layout of their learning spaces. It’s an occupation that requires flexibility, as they accommodate different student needs, and a certain level of ingenuity and responsiveness for when things don’t go according to plan. Not incidentally, these are many of the same skills valued in the founders of startups creating the tools used in edtech.

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Where Edtech and Its Investors Miss the Mark

To Impact Investors, Foundations, and Policy Makers,Education is not the filling of a pail, but the lighting of a fire.
William Butler YeatsI wish you knew deep in your bones why it’s so hard for teachers to light that fire for students.

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Private Equity Firm Buys Renaissance Learning—and Buys Back MyON

In what’s playing out like a game of edtech musical chairs, digital literacy platform myON is changing hands again—for the third time in 15 months—as part of the just-announced acquisition of its parent company, Renaissance Learning, by private-equity firm Francisco Partners.

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Google Assistant and Edwin Want To Be Your Next English Tutor

Google Assistant can remind users about appointments, turn off TVs, and help drivers manage tasks from behind the wheel. But the tech giant has plans to go further than that for its virtual assistant. Part of that next move? English tutoring.

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Study: Why Some Children’s Apps Might Not Be as Safe as You Think

To paraphrase The Bard, what’s in a certification? According to the authors of a study on the privacy protections in children’s apps, perhaps not much.

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Chinese Tutoring Startup VIPKID Could Be On Its Way To A $500 Million Raise

As teacher walkouts continue across the U.S. over low salaries, one edtech startup, VIPKID, is trying to get teachers to supplement their income by virtually tutoring students in China.

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