K-12 Dealmaking: PowerSchool Acquires Chalkable; Edlio Raises $40 Million

Contributing Writer

In this week’s dealmaking news, PowerSchool acquired Chalkable; also, content management software provider Edlio raised $40 million and chemistry kit company MEL Science gained $2.5 million.

PowerSchool Acquires Chalkable: K-12 education technology solutions provider PowerSchool has acquired Chalkable, a provider of a student achievement and regional education data management solution. Terms of the acquisition were not disclosed.

The acquisition provides PowerSchool with additional capabilities to track student behavior, an area of increasing need for educators, according to a statement from PowerSchool.

PowerSchool also noted that Chalkable “enhances PowerSchool’s strong federal and regional student information system compliance coverage in a number of states, such as Alabama, Illinois, Missouri, Mississippi, Tennessee, Oklahoma, and more.”

Edlio Raises $40 Million: Edlio, a Los Angeles-based provider of content management software for school and district websites, has raised $40 million from L Squared Capital Partners, according to a statement.

The investment by L Squared “will enable the company to further invest in sales and marketing, international growth and new product development, and support strategic acquisitions across the education technology landscape,” L Squared said in the statement.

Edlio is seeking to acquire complementary ed-tech companies across the K-12 administrative software landscape such as CRM, athletic department modules, data management and payments, according to the statement.

MEL Science Raises $2.5 Million: MEL Science, a provider of chemistry sets, has raised $2.5 million in Series A funding from Moscow-based Sistema Venture Capital, according to press reports, to grow their subscription commerce and VR content business. The ed-tech startup is located in London and St. Petersburg.

The subscription-based service recently launched a new version of its app that enables kids to “simply hold a bottle up to your smartphone camera and see 3D molecule structures of the substance inside the bottle,” according to September 26 blog posting on MEL Science website.

Eneza Education Receives Funding: Nairobi, Kenya-based ed-tech startup Eneza Education has received an undisclosed amount of funding from Safaricom’s $1 million Spark Venture Fund, according to a statement on Eneza’s website.

“We believe in the power of the mobile phone in extending access to learners so they can realize their full potential,” said Kago Kagichiri, CEO, Eneza Education. “The additional investment will go a long way in enabling us reach more learners in countries where we already operate in, and in expanding to more countries.”

Eneza Education provides mobile-based education tools for primary students. The company says it has more than 1.1 million learners across 11 countries, including Kenya, Tanzania, Rwanda, Ghana, Zambia, South Africa, Liberia, Malawi, Nigeria, Benin. and Iraq.

Safaricom, also based in Nairobi, provides voice, data, financial services and enterprise solutions.

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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