Financing

ChalkTalk Reemerges to Find Scale in Schools—and More Funders

A couple of years ago, Mohannad Arbaji had a problem, one he could only solve by going back to school. Not enough students were completing lessons on his digital platform ChalkTalk, aimed at helping students grades 9-12 understand English and math concepts and improve their scores on tests like the ACT and SAT.

Allovue Acquires Equiday to Make K-12 Budgeting More Transparent and Equitable

“You can’t talk about closing the student achievement gap without talking about the resource gap,” says Jess Gartner. In other words, how schools allocate funds for educational services play a major role in shaping student outcomes. Yet deciding how that money is distributed and tracking how it is spent, across state agencies, districts and schools, can be a morass.

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Read This: Newsela Lands $50 Million From Spotify Investor

Woody Marshall had seen this business strategy before. Attract users with a free product. Dazzle with quality content, an intuitive interface and whet the appetite for a paid upgrade. That approach worked for Spotify, a company in the portfolio of growth equity firm TCV, where Marshall is a general partner.

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Investment in Early Learners Is on the Rise

As venture capitalists and private-equity firms continue to invest billions of dollars in education, they’re increasingly directing their funds to early childhood development, a long-neglected subset of the education population, according to a panel of impact investors this week at SXSW EDU.

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Now With Revenue, ClassDojo Raises $35 Million to Expand to Homes Across the World

Sam Chaudhary doesn’t like to talk about money. But he’s certainly good at raising it—which may seem odd given that the 8-year-old company only recently started generating revenue.In describing ClassDojo’s latest fundraise—a $35 million Series C round—Chaudhary, its co-founder and CEO, says “it wasn’t a very long process,” which wrapped up in late 2017. The entire process, he claims, closed in a mere two months.Even more, he adds: “The best way to raise money is when you don’t need it.”

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Another Investment, Another Round of Layoffs For Civitas Learning

Private equity firm Francisco Partners quietly announced last week that it led an investment round in Civitas Learning, an Austin, Texas-based education company best known for its predictive analytics software used in higher-ed institutions.

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So You Want to Offer an Income-Share Agreement? Here’s How 5 Colleges Are Doing It.

As the cost of college continues to feel out of reach for many students, schools and startups are beginning to think of new ways to finance the cost of tuition. Income-share agreements, or ISAs, are one method winning the attention of investors and education providers alike.

How to Get VC Funding by Being a ‘Missionary, Not a Mercenary’

Evaluating the team running an edtech startup is the most critical step when considering investments, say two venture capitalists who will be coaches at the EdSurge Immersion Conference.Esteban Sosnik, a General Partner at Reach Capital, looks for early employees who are unified.“The most important thing about any company is the team: their talent, their passion, their mission alignment, their ability to hire and to become leaders of the organization. It takes a village to build these companies.”

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Google’s AI Assistant Fund Invests in GradeSlam to Make Online Tutoring More Equitable

Online tutoring services are a dime a dozen, and in recent times they’ve raised many dimes. Since 2016, these companies have raised more than $1.2 billion in venture capital, according to EdSurge data—most notably Chinese startups that connect local students with English tutors.

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ETS Tests the Waters of Investing in Education Technology Startups

The world’s biggest private nonprofit test maker is dipping its toes into the world of education technology investments.

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