The administration’s plans call for new funding for charter schools and school choice, but a potentially critical source of ed-tech funding would be zeroed out.
Pearson is preparing to sell off parts of TutorVista, while Gauge Capital has invested in eDynamic Learning, which publishes online career and elective courses for middle and high school.
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The action, which would reverse a two-year-old policy by the agency, has angered a number of school and consumer groups, who worry it would slow the flow of valuable content to students and other internet users.
Between 20 percent and 40 percent of U.S. students are projected to be in charter schools by 2035, a growth in the market that creates new opportunities for K-12 companies, but also big challenges.
Going forward, Pearson “is developing its own in-house adaptive learning capability,” said a representative for the company.
In this week’s dealmaking news, education startup AltSchool has raised $40 million; also, tutoring and test prep platform Revolution Prep raised $4 million.
School choice advocate and tennis legend Andre Agassi has created funds to help provide facilities and infrastructure to charter schools.
Potentially big policy changes at the federal level are creating major questions for ed-tech companies and others, panelists at the ASU/GSV Summit said.
The Secretary of Education revisited themes about school choice while talking about the importance of innovation to a conference attended by education companies, investors, and educators.