Financing

US Edtech Investments Peak Again With $1.45 Billion Raised in 2018

For many U.S. cities and states, 2018 marked the wettest year on record. There was also plenty of rain in the education technology industry, where venture capitalists and private-equity investors unleashed a deluge of cash.

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Online Coding School Lambda Raises $30M, Looks Toward Medicine and Cybersecurity

Coding bootcamps have been quick to adopt income-share agreements, or ISAs, as they work to figure out funding models amid a fast-changing industry.The model typically entails students paying back a portion of their salary after completing a program and landing a job, rather than paying tuition up front. And even as questions remain about whether or not this unregulated financing model will work in the long run, more alternative education providers schools—and even some universities—are giving ISAs a try.

Kahoot Earns a $376M Valuation After Disney Investment—and Is Looking to Acquire

Kahoot, an Oslo-based developer of a digital quiz tool popular with teachers, just started making money this year. But a recent investment from one of the biggest names in the entertainment business is valuing the company in the hundreds of millions.

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TITAN Raises $5.2M in Series A to Scale Its School Nutrition Solution

Brad Blankenship had been working in edtech for nearly 10 years when he noticed that food services—an essential division in any school district—was being neglected.“There just wasn’t a whole lot of innovation happening” around children’s nutrition services, Blankenship tells EdSurge, especially compared to how rapidly the rest of the education sector was adapting. “I wanted to change that.”

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What You Can Expect from EdSurge in 2019

EdSurge is redefining its mission.Eight years ago, we started EdSurge to bridge the emerging communities of edtech developers and users. Using digital technology to deliver curriculum, support professional development and myriad other uses seemed novel; educators who tried them were pioneers.

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‘Faculty Information System’ Developer, Interfolio Acquired for $110M+

Being a faculty member requires a lot more than just teaching and research. Behind the scenes, there’s accreditation reporting, tracking and organizing work around tenure, plus managing and supporting students while staying on top of new technologies and instructional practices.

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Knack Raises $1.5M to Connect Tutors With Students—and Employers

Students have always looked for ways to access tutoring and course materials from peers, whether that’s through an academic center on campus or a Facebook group around a particular course.A handful of tutoring startups have tried to smoothen out the process for students looking for extra support. One of those companies, Knack, today announced it has raised $1.5 million in seed funding to go beyond helping students study or earn extra cash—by helping the tutors get hired full-time.

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A New $5M Investment Fund for Higher-Ed Startups Launches—With Strings Attached

A new $5 million investment fund launched this month to support startups building tools to scale online learning. But for entrepreneurs seeking to tap into this pot, there’s a catch.Companies that take investment have to agree not to sell their products to a list of colleges that includes Arizona State University, Purdue University Global, Southern New Hampshire University and Western Governors University.

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What’s in a Word? Mrs. Wordsmith Raises $11 Million to Become the ‘Pixar of Literacy.’

If a picture is worth a thousand words, then some investors are betting that pictures of words could be worth millions of dollars. Specifically, $11 million—which is what Mrs. Wordsmith, a London-based education startup, has raised in its Series A round.The deal was led by Trustbridge Partners, and previous investors Reach Capital and Kindred Venture Capital returned to contribute to this round. (Reach Capital is also an investor in EdSurge.) To date, Mrs. Wordsmith has raised $14.5 million.

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Jeff Bezos Adds Preschools to His Resume

Amazon CEO Jeff Bezos has his hands in e-commerce, space expeditions and carbonless energy—and now, he’s adding preschools to that list.

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