Financing

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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ACT’s Latest Act: Investing in an Open-Source Assessment Startup

ACT, the nonprofit best known for its college-readiness test, is undergoing a major transformation. Ever since taking the helm as CEO in 2015, Marten Roorda says ACT has closed 10 deals in which it has invested in, acquired or formed strategic partnerships with educational companies.

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Investors Write $3.2 Million Check for Writing Startup That’s All About Peer Feedback

If I were to use Writable to create a rubric for writing and grading funding announcements of the type you might typically see on EdSurge, it might look something like this:

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Knewton’s New Business Attracts New $25M in Funding. But Some Things Don’t Change.

The company that set the bar for hyping adaptive-learning technology has had to adapt to new leadership and a new business model. But some things seem to stay the same—such as its ability to win new investors and capital.

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Andreessen Horowitz Leads $20 Million Investment in Wonderschool, an ‘Airbnb for Preschool’

Early-childhood education is critical to helping children establish a strong foundation for growth.

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Pathrise, a Career Accelerator ‘By Students, For Students’ Raises $1.2 Million

Would you take career advice from a 23-year-old—and pay a chunk of your salary for it?That’s the question that may surface when one first encounters the team behind Pathrise, a startup co-founded by a pair of early twentysomethings (who look even younger in pictures). But what the team may lack in age, it makes up for with a staff whose resumes are padded with stints at some of the most sought-after companies including Yelp, Facebook, Salesforce, GitHub and, of course, Google.

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K-8 Math Program DreamBox Raises $130 Million from The Rise Fund, Adds Arne Duncan to Board

“I’ve been spoiled by the likes of Reed Hastings and John Doerr,” acknowledges Jessie Woolley-Wilson, CEO of DreamBox Learning. Those “patient investors,” she says, helped keep company running when its digital math product was still looking for its footing in the education market.

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RaiseMe Gets $15M to Help Students Cut College Costs If They Do Well in School

Research suggests that simply paying kids for good grades doesn’t always work. But could students be better motivated with a more meaningful kind of monetary reward—say, college scholarships?

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