Edtech Business

Y Combinator’s Newest Batch of Education Technology Startups

There were all the usual trappings of a startup demo day. Caffeinated founders paced the lobby in colorful T-shirts splattered with their company logos, polishing their pitches for their on-stage presentation and meetings with potential investors.

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MyON Turns Another New Page With a New Owner: Renaissance Learning

Just a year after it was purchased by a private equity firm, myON is swapping hands again.The latest owner of the digital K-12 literacy platform is Renaissance Learning, a provider of math, literacy and assessment products. Financial terms of the acquisition were not disclosed.

No Kidding: This Pre-Revenue Edtech Startup Just Raised $15M in Series B Funding

The days of raising tens of millions in venture capital before making a cent in revenue are not over for the education technology industry.Kiddom, the developer behind a K-12 content management and collaborative learning platform, has raised $15 million in a Series B round led by Owl Ventures. Khosla Ventures also chipped in to the round. With this latest cash infusion, the San Francisco-based startup has now raised $21.5 million.

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The Newest U.S. Education Technology Venture Fund? Look to Japan

It’s no secret that Asian capital fuels American business. That’s especially true in education technology, where last year EdSurge revealed that Asia-based financiers are increasingly investing in U.S. edtech venture firms as limited partners.

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Discovery Education to Find a New Owner in SF Private Equity Firm

Discovery Education, a large provider of print and digital textbooks and curriculum, is taking a big step away from its parent company Discovery Communications, best known for its broadcast TV channels. San Francisco-based private equity firm Francisco Partners has agreed to acquire a majority stake in the education business in a deal worth $120 million.

Amazon Tries Its Hand in School Procurement

Leigh Hansen says she got her school district an Amazon Business account in 2016 mostly for the curriculum department.“Curriculum was buying used textbooks, and the easiest place to obtain them was Amazon,” says the director of purchasing and warehouse at William S. Hart Union High School District in Santa Clarita, California. “They way we were doing it before the approval process was taking too long, and sometimes the textbooks that they wanted to procure were no longer available.”She thinks the Amazon Business account improves the overall efficiency at the school site.

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After Layoffs and Acquisition, LightSail Education Charts a New, Uncertain Course

As LightSail Education charts a new course, the New York City-based developer of K-12 literacy software has had to make some difficult, unpleasant decisions over the holidays, EdSurge has learned.

Pearson Is Selling Its US K-12 Business—Despite Posting a Profit and Digital Growth

Last May, major textbook publisher Pearson indicated it was mulling a sale of the U.S. portion of its K-12 business, which includes print and digital curriculum and instructional materials. In its latest earnings update, the company confirmed that it is indeed moving ahead with such plans.

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With Eyes on Asia, Kidaptive Raises $19.1M to Grow Its ‘Invisible’ Adaptive Learning Platform

When some kids grow up, they stop gaming and go abroad. That metaphor might describe the journey that Kidaptive took on its way to a major fundraise.Once known for a learning game, the Redwood City, Calif.-based company now touts itself as a provider of adaptive-learning technologies for educational content providers. And to support its work, Kidaptive has raised $19.1 million in a Series C round led by Formation 8 and Woongjin ThinkBig, a Korean publisher.

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Jefferson Education Accelerator Winds Down, Rebrands to Focus on Edtech Reviews and Procurement

For the past three years, Bart Epstein has been busy running the Jefferson Education Accelerator, a “research accelerator” based at the University of Virginia’s Curry School of Education. As a part-investment, part-research firm, the accelerator offered a unique proposition to education technology companies that hoped to marry rigorous research practices into the development of their tools.

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