Financing

More Big Bucks for Tutoring Companies: Varsity Tutors Raises $50M in Series C Funding

Tutoring is big business. Wealthy families fork out more than $1,000 an hour for top teachers. The industry has spawned celebrity millionaires in South Korea.

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?Almost Four Years After Creating a For-Profit, Kuali Raises $10m From Owl Ventures

Open-source campus management software provider Kuali surprised users in 2014 when it announced that the former nonprofit would establish a corporate enterprise. Nearly four years later, the Utah-based company is taking another business leap, with a $10 million investment from edtech venture capital firm Owl Ventures.

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Quizlet Raises $20 Million to Bring More Artificial Intelligence to Its Study Tools

Big numbers are nothing new to Quizlet, one of the most widely-used digital study tools in the United States. The San Francisco-based developer behind the platform claims more than 30 million monthly users, including 1 in 2 high schoolers, and 1 in 3 college students, in the United States. And according to one website tracker, it is among the most visited sites in the country (besting LinkedIn and Spotify).

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ACT Bets Big on Analytics, Adaptive Learning With $7.5M Investment in Smart Sparrow

When most people hear the letters ACT, they likely think of the test that helps determine which colleges they get into. But the organization’s chief executive, Marten Roorda, wants to provide more than a score.

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Thinkful Raises $9.6M to Grow In-Person Hubs for Its Online Coding Bootcamp

Darrell Silver is a unlikely critic of coding bootcamps, the 9- to 12-week intensive courses in computer science and programming skills. “Bootcamps as an entity aren’t working,” he tells EdSurge.His stance isn’t uncommon. In 2017, two of the earliest and most established coding bootcamps, Dev Bootcamp and The Iron Yard, shut down, leaving advocates of the model with questions and critics with fuel for their case.

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Fewer Deals, More Money: U.S. Edtech Funding Rebounds With $1.2 Billion in 2017

Is education technology investing back on track? Are investors still eager to put their money in education startups? The answers depend on who you ask.
After a lull in 2016, venture activity for U.S.-based edtech startups in 2017 saw a resurgence of investment capital. So far this year, these companies raised over $1.2 billion across 126 deals. By contrast, in 2016, investors put $1 billion into 138 deals.

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Panorama Education Raises $16M to Connect Emotional, Academic Wellbeing With Data

Panorama Education’s first product was a survey tool that let students speak up about their learning environment. Kids could let teachers and administrators know how they really felt about things like safety and school climate.

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This Company Wants to Gather Student Brainwave Data to Measure ‘Engagement’

If Blade Runner had a classroom scene, it might look something like the promotional video by BrainCo, Inc. Students sit at desks wearing electronic headbands that report EEG data back to a teacher’s dashboard, and that information purports to measure students’ attention levels. The video’s narrator explains: “School administrators can use big data analysis to determine when students are better able to concentrate.”

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ThinkCERCA Raises $10.1 Million to Build Critical Thinkers, Readers and Writers

“Everyone’s worried about people having to learn how to code,” notes Eileen Murphy. But “there’s an even more basic level of literacy that people need to pick up,” notes the former English teacher and administrator. “Like how to write an email.”

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As Bootcamps Look for Novel Ways for Students to Pay For Their Studies, Many Try ‘Deferred Tuition’

Coding bootcamp App Academy was an early adopter of the student-financing option known as an income share agreement, or ISA. But after nearly five years using the model—where a student doesn’t pay tuition up front, but owes their school or lender some percentage of their income for a set period of time after landing a job—the school had to alter its plan.

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