The digital curriculum and learning platform provider expects the new investment to accelerate its efforts to acquire like-minded companies and support expansion efforts, CEO Scott Kinney said in a statement.
Clearlake will have Discovery Education use its “value creation framework” to foster both organic growth and strategic acquisitions, said Behdad Eghbali, co-founder and managing partner.
Discovery Education currently serves around 4.5 million educators and 45 million students across an estimated 100 countries and territories, according to the company.
The transaction is expected to close the second quarter of 2022.
Previous majority shareholder, Francisco Partners, will retain a minority stake in Discovery Education, and the company’s management team and CEO will remain in place.
Rubicon, founded in 1987, is the developer behind MathUP, an inquiry-based math program for K-8 students. The company also offers literacy-focused products, including a catalog of nearly 5,000 titles.
The acquisition will expand Savvas’ product offerings, which span across the areas of assessment, supplemental curriculum, and intervention programs.
“With its hugely popular online math program, MathUP, Rubicon has evolved into a cutting-edge digital learning company that has transformed math education in Canada,” said Savvas CEO Bethlam Forsa in a statement. “I look forward to building upon Rubicon’s successes and becoming the solutions provider of choice for educators on both sides of the border.”
SchoolStatus acquires K-12 data visualization provider. SchoolStatus, a provider of K-12 school and parent communications solutions, has acquired TeachBoost with plans to further leverage data and engagement in its offerings.
TeachBoost, founded in 2012, is a provider of cloud-based platforms and data reporting and visualization tools for teacher observation, evaluation, and professional development.
“It’s an excellent complement to our leading data and communications platform, as it will help strengthen communications between educators, administrators, and coaches, ultimately leading to greater student success,” said SchoolStatus CEO Russ Davis in a statement.
This comes after SchoolStatus acquired the online school forms solution, Operoo, last fall. With these two expansions, the company reports serving educators in 44 states.
K-12 cyber safety provider acquires web filter and firewall for educators. Linewize, a cyber safety management system for schools, acquired a web filter and firewall dedicated to educators, Cipafilter.
The acquisition will expand Linewize and its parent company, Family Zone, to reach more K-12 clients and create a more robust engineering and sales team, according to the announcement.
“By merging our technology offerings and staff with that of Cipafilter, we are determined to further our mission to protect the digital journeys of students globally,” Linewize Executive Vice President Ross Young said in a statement.
Family Zone acquired Cipafilter through the 100 percent acquisition of shares in its holding company, DerbyTech Inc. The agreed consideration is $4.5 million in Family Zone shares plus an estimated $3 million to be paid in cash.
This is the company’s third acquisition in the last year. Linewize now reports serving more than 10 million students globally.
Legends of Learning raises $5 million. The educational game platform for K-12 students, Legends of Learning, raised $5 million in a Series Seed round.
The round was led by Konvoy Ventures, a Denver-based early-stage venture capital firm dedicated to the gaming industry. Participating angel investors included James Park, CEO of Fitbit, and Holly Liu, co-founder of Kabam, among others.
The investment will be used to scale the company’s sales, engineering, and game development teams, Legends of Learning said in an announcement.
Legends of Learning, launched in 2017, offers curriculum-aligned math and science video games for K-8 students. The company reports serving more than 5 percent of elementary and middle school students in the U.S. each month.
The merger will allow EverTrue to integrate The Solas Group’s data insights into its platform to deliver embedded analytics and benchmarking to fundraising teams, the companies announced. The new capabilities will help higher education and independent school customers identify top donors, engage with prospect donors, and measure staff efficacy.
“We are creating an end-to-end solution for fundraisers to harvest critical information, contextualize it, and act on it in a way that truly moves the needle for creating a healthy donor pipeline,” EverTrue Founder and CEO Brent Grinna said in a statement.
EverTrue reports serving more than 2,000 nonprofit customers.
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