Edtech Business

Lingokids Lands $4 Million—and a Partnership With Oxford University Press

If there’s one market that continues to attract entrepreneurial interest and venture capital, it’s the demand for language acquisition. The latest beneficiary is Lingokids, the developer of an app that aims to help young children pick up a new tongue.

Based in Madrid and San Francisco, the startup has raised $4 million in a seed round from Holtzbrinck Ventures and JME Capital, with Bessemer Venture Partners also participating. On top of an earlier $1.5 million fundraise, the company now boasts $5.5 million in institutional backing.

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With $150 Million to Spend, Hero K12 Goes Shopping for Education Technology Companies

Unless you’re Jeff Bezos, people with money typically do not solicit the public for ideas on how to spend their dollars. Yet that’s not the case for Hero K12, which is announcing, rather bluntly, that it is going on a shopping spree to buy education technology companies.

Why I’m Optimistic About the Next Wave of Education Technology

Over the past 25 years, multiple waves of education technology and innovation have slowly washed into America’s schools and colleges. Along the way, innovators have often over-promised and under-delivered, causing many smart people to wonder if we’re now in a frothy bubble of irrational exuberance, most eloquently summarized by Audrey Watters in Hack Education, who worries that “education technology [merely] serves as a ’Trojan Horse’ of sorts, carrying... the ideology of Silicon Valley [into public schools].”

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Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

If you go to startup pitch events, you’ve seen it happen:

An entrepreneur says something—something so naïve, egregious and hackneyed—that it makes the investors, along with educators who are now increasingly in the audience, physically cringe. As funders wince and squirm uncomfortably, some are thinking along the lines of: “How do I respond to this pitch genuinely without coming off like a jerk?”

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With $7.5M Funding Boost, Top Hat Launches Marketplace to Challenge Textbook Publishers

As a medium, print is incompatible with the blistering pace of change and new discoveries. Textbooks are outdated as soon as they go to press. So why should students fork out hundreds of dollars for them?

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Kahoot Toots 50 Million Monthly Active Users—and a Timeline to Revenue

As he was strolling down the hallways of John F. Kennedy High School in Winston-Salem, N.C., principal Sean Gaillard heard thumping beats reverberating from a Spanish teacher’s classroom. It wasn’t Spanish music, but rather what he described as a “groovy” electronic jam. “I went in and thought there was going to be a party—and there was. It was a learning party.”

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BookNook Raises $1.2M Seed Round to Facilitate Small Group Literacy Instruction

Reading at an early age is best taught in small groups. That instructional approach is supported by research—and it’s how a new literacy app from BookNook is meant to be used. “We’re all about human-to-human learning,” Michael Lombardo, the company’s founder and CEO, tells EdSurge. “Working with kids one-on-one, or in small groups, is the most effective way to help students acquire literacy skills.”

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?Trilogy Education Raises $30M to Give Universities a Bootcamp in Skills-Based Training

Coding bootcamp providers may have found their niche by targeting needs that traditional four-year institutions do not always offer: short, skill-based learning programs. But education startup Trilogy Education Services is trying to knock the disruptors by helping universities set up their own “bootcamp” services.

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Salesforce Ventures Invests in Viridis to Connect Students, Community Colleges and Jobs

If students are truly “customers,” as some developers of higher-ed tools services have argued, then it’s no surprise that the biggest customer relationship management (CRM) provider is throwing its hat—and money—into the education industry.

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BrightBytes Tried to Buy Hapara. Then a Better Offer—and a Legal Complaint—Emerged

Financial details in transactions between private companies rarely see the public light. Yet a recently settled legal complaint between two education technology startups offers a glimpse at the numbers and terms involved in the negotiation process—and what happens when a deal goes awry.

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