K-12 Dealmaking: Stand-Out Deals and Dealmakers of 2016

Contributing Writer

As 2016 comes to a close, we’re highlighting some of the noteworthy deals in the ed-tech sector this year. Several major players expanded their offerings with multiple acquisitions. In the venture capital world, some startups—both here, in the U.S., and abroad—raised significant amounts of cash.

This year, the industry saw some M&A deals that changed the landscape in particular niches of the ed-tech world. There were also impressive funding rounds that demonstrated exactly where investors expect to see future growth when it comes to new products and services for schools.

  • Age of Learning: The producer of ABCMouse.com, an online early learning tool for children ages 2-7, raised $150 million at a $1 billion valuation from Iconiq Capital.
  • K12 Inc.: The online education provider acquired ed-tech company LTS Education Systems for $20 million. CEO Stuart Udell said in an earnings call that the company had been looking to make multiple strategic acquisitions and partnerships that expand its distribution, enhance its product set and improve K12’s technology platform.
  • Chegg: The learning platform provider has acquired Imagine Easy Solutions, the provider of EasyBib.com and other writing tools, for approximately $42 million in an all-cash transaction.
  • BYJU’S: India’s ed-tech sector also saw some significant activity this year, raising a total of $140 million. The Bengaluru, India-based educational app provider raised $75 million in March. It was reportedly the largest ed-tech investment ever in India. Several months later, the company raised $50 million from investors including the Chan Zukerberg Initiative. Just last week, the company announced it had received an additional $15 million from the International Finance Corporation, the investment arm of the World Bank.

19 thoughts on “K-12 Dealmaking: Stand-Out Deals and Dealmakers of 2016

  1. global cross-border M&A report, carried out in association with. FT Remark, the Q1 2016, cross-border M&A deal values have risen by 14% insights for dealmakers across four key areas Significantly reduced appetite for M&A over next 12 months enable them to stand out from their region.

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