Crowdfunding is one of the strategies that education providers are using to raise money and tap into a new segment of customers — but it has its limitations.
Companies including a text messaging app and a provider of STEM tools for teachers raised funding. Also, educational games provider Jumpstart acquired online math program Sokikom, and Microsoft and PowerSchool unveiled a new partnership.
BoomWriter Media Inc., a collaboration tool for the crowdsourcing of writing content in schools and colleges, has closed a new round of funding worth $4.1 million.
An early childhood programs provider, a startup focused on college loan acquisition, and a company that helps schools monitor online activity all raised new funding.
In this week’s dealmaking news, Amanat Holdings increased its stake in Taaleem Holdings, a provider of K-12 education in the United Arab Emirates, and Copenhagen-based Peergrade raised $1.5 million.
K-12 communication platform provider Edlio acquired Scholantis, a Canadian provider of school district websites and digital portals. Also, CollegeVine and Really Good Stuff announced new partnerships.
Top procurement officials from the Houston and Nashville school systems say companies that lose out on RFPs can gain valuable insights from getting a breakdown of what went wrong.
Digital House, an Argentine company that offers intensive technology courses and executive programs to the Latin American market, has raised $20 million.
Scientific Learning Corp., based in California, will acquire BrainMaps, a Chinese blended learning company.
Professional development platform BetterLesson and China-based English language learning company ALO7 raised funds.