K-12 Dealmaking: Brainly Acquires OpenStudy; Knowledgemotion Raises Funds

Contributing Writer

In recent dealmaking news, the social learning organization Brainly acquired the platform OpenStudy, while ed-tech companies Knowledgemtion and Flocubulary gained investments.

Brainly Acquires OpenStudy: The Krakow, Poland-based social learning community for students has acquired OpenStudy, a peer-to-peer study help platform. Terms of the deal were not disclosed.

“Together as one community, the Brainly and OpenStudy platforms will offer students the most comprehensive, collaborative online learning tool available to encourage academic exploration,” Brainly said in a statement.

Brainly noted that “both platforms will continue as separately branded entities with their own respective websites and apps, while sharing knowledge and data to improve the learning experience for users of both platforms.”

Last month, Brainly raised $15 million in a Series B funding round led by Naspers, an Internet and entertainment group based in Cape Town, South Africa.

Knowledgemotion Gains Investment: UK-based Knowledgemotion has raised an undisclosed sum from ICG Ventures Inc., part of Ingram Content Group, according to a press statement.

Knowledgemotion is the creator of boclips – a platform that enables education providers to find, license and use video clips that can be embedded into their teaching services. The company has partnerships with international content owners including Getty Images, Bloomberg, BBC Worldwide Learning, and Associated Press Television News.

Also last week, Knowledgemotion said it has entered a multi-year supply and services agreement with Pearson.

David Bainbridge, CEO and founder of Knowledgemotion said in a statement that Ingram’s investment will “help us realize our goal of becoming the global marketplace for education video. Its worldwide reach with a variety of different customers provides boclips with unparalleled distribution opportunities and we look forward to having Ingram with us on this journey.”

As part of the investment, David Roland, Investment Director for ICG Ventures, will join Knowledgemotion’s Advisory Board, which includes Sir David Arculus, former non-executive Director of Pearson Education and chairman of UK-based digital communications company O2.

IO Education Merges with EADMS: Atlanta-based ed-tech company IO Education has merged with Educator’s Assessment Data Management System, a provider of K-12 assessment and data management software. Terms of the deal were not disclosed.

With EADMS’ assessment and data management capabilities, IO Education “will continue to strengthen its ability to utilize all student data to drive educator insight and improve educational outcomes,” IO Education said in a statement. IO provides a K-12 data platform that aims to aggregate data from existing classroom, district and state systems.

“The EADMS platform will deliver instantaneous, invaluable data to IO Education users, so they can leverage the information to most effectively drive instructional practices,” said Anthony Tooley, founder of EADMS. “EADMS customers will now benefit from a robust data analytics solution from IO Education that further empowers educators and administrators to personalize learning and improve outcomes.”

Flocabulary Raises $1.5 Million: New York-based Flocabulary, a maker of educational hip-hop music videos, has raised $1.5 million in convertible debt from Rethink Education, according to The PE Hub Network.

Flocabulary is a web-based learning program for all grades and subjects; more than 50,000 schools have used Flocabulary’s standards-based videos, instructional activities and formative assessments to develop core literacy skills and supplement instruction across the curriculum, according to the company website.

SETDA Unveils Emerging Private Sector Partners Cohort: The State Educational Technology Directors Association (SETDA), the principal membership association representing U.S. state and territorial digital learning leaders, announced its fourth annual cohort of Emerging Private Sector Partners.

The 10 companies were selected from “a large, highly competitive pool of applicants based on their status as an emerging company, capacity to leverage technology to serve a need in pre-K-12 or pre-service education, and their potential to scale on a state-wide and multi-state basis,” according to a press statement. The Emerging Partners program is designed to foster opportunities for startups to be seen and heard by state and national digital learning leaders.

Be sure to check back on
Marketplace K-12 for updates on mergers, acquisitions, fundraising, and other dealmaking. Also see EdWeek Market Brief, a service that gives companies operating in the market insights on the needs and priorities of school officials.

 

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