K-12 Dealmaking: New York Coding School Acquisition, International Moves
A New York academy’s acquisition of a Chicago coding school, and international transactions in Latin America and India dominate recent dealmaking news.
Fullstack Academy Acquires The Starter League: The New York City-based coding school has acquired The Starter League, a coding school based in Chicago. Terms of the deal were not disclosed.
Fullstack is backed by investment fund Y Combinator, which recently merged with ed-tech accelerator Imagine K12 to form an ed-tech vertical within YC.
PRISA to Acquire Carvajal Education for $19.5 Million: Madrid-based PRISA, a Spanish- and Portuguese-language business group in the fields of education, information and entertainment, has agreed to acquire Carvajal Education, a provider of education products based in nine Latin American countries, for the equivalent of $19.5 million in Colombian pesos. according to a press statement.
PRISA purchased Carvajal Education—a business division of the Carvajal Organization—through its education unit Santillana, a textbook publishing group in Spain and Latin America.
flipClass Raises $1 Million: The Bangalore-based ed-tech startup has raised the capital from education content provider S. Chand and Company Pvt Ltd and seed-stage venture capital firm Blume Venture Advisors, according to press reports.
flipClass, operated by Gyankosh Solutions Pvt Ltd, connects parents with tutors, and has more than 2,000 home tutors for various subjects in Bangalore and Hyderabad, according to the company’s website.
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.