K-12 Dealmaking: Girls Who Code Expands to Canada; Catapult Learning Makes Acquisition

In recent dealmaking news, nonprofit Girls Who Code is expanding to its first international market, while Catapult Learning, provider of special education and instructional intervention solutions, acquired Capital Education Group.

Girls Who Code Expands to Canada: The nonprofit working to close the gender gap in technology has announced its expansion into Canada. It will be Girls Who Code’s first international market, according to a news release. The expansion is thanks to funding from and partnership with global financial services firm Morgan Stanley.

Girls Who Code, headquartered in New York City, teaches girls the basics of computer science through after school clubs and summer camps. According to the nonprofit, they have reached 90,000 girls in the U.S., and hope to expand to 100 clubs across Canada in the first year.

In Canada, women make up 47 percent of the overall workforce, but ony 23 percent of the STEM workforce, according to a 2017 McKinsey Global Institute report.

“We’re looking forward to complementing existing efforts to tackle gender gap in technology in Canada–where the landscape is very similar to the U.S.,” saud Reshma Saujani, founder and CEO of Girls Who Code.”

Catapult Learning Acquires Capital Education Group: Catapult Learning, a provider of special education and instructional intervention solutions, has acquired Capital Education Group, a provider of behavioral health services for children with specialized learning needs, according to a press release. Financial terms were not disclosed.

Along with behavioral health services, Capital Education Group also provides private school programs for children with autism and other specialized learning needs.

With the acquisition, Catapult will be able to accelerate their mission of integrating educational and Applied Behavior Analysis services, specifically with improving outcomes for children diagnosed with autism spectrum disorders.

Jeffrey Cohen, CEO of Catapult Learning, said in the press release that the acquisition enables them to blend education and behavioral healthcare in a way that “drives better outcomes” for their students and families.

Kinvolved Raises $1.54 Million: Kinvolved, a social enterprise that aims to increase student achievement by minimizing absenteeism, has raised $1.54 million in a Seed-2 investment round, according to a statement.

The Draper Richards Kaplan Foundation, a global venture philanthropy firm, led the fundraising round. Other investors include Twilio.org Impact Fund, New York Ventures, Excell Technology Ventures, GingerBread Capital, and U2I.

Kinvolved will use the funds to support sales growth, deepen product research and development, and expand its client services offerings.

The New York-based startup combines technology tools and human interventions to change behaviors that affect student attendance. According to Kinvolved, their partner high schools have seen a 13-fold increase in average daily attendance, while those using their software saw a 3 percent dip in chronic absence rates.

Photomath Raises $6 Million: Photomath, a math-solving app, has raised $6 million in a funding round led by Goodwater Capital, according to TechCrunch. Learn Capital also participated in the funding round.

The mobile app, which launched in 2014 by Croatia-based Microblink, is a camera calculator. Just point the phone camera at a math problem–whether it’s in a book or handwritten–and the app gives the user a step-by-step explanation to solve the problem.

Yuanfudao Raises $250 Million: Beijing-based online tutoring platform Yuanfudao has raised $250 million in a private equity funding round led by Chinese internet conglomerate Tencent. According to CrunchBase, IDG Capital, Matrix Partners China and Warburg Pincus also participated.

The company, which launched in 2012, offers live tutoring services that cover K-12 school subjects and courses for adult learners.

Edves Raises $120,000: Nigerian-based ed-tech startup Edves has secured $120,000 in a seed funding round from Chinook Capital and Co-creation Hub’s Growth Capital, according to a tweet posted by the startup.

The company, founded in 2016, develops school management software that helps schools deal with admissions, payments, report cards, online learning and parent-teacher communication.

Kukua Raises $2.5 Million: Kenya-based ed-tech startup Kukua has raised $2.5 million in a seed funding road led by Echo VC, according to TechRound.

Launched in 2014, Kukua uses technology and entertainment to teach African children basic literacy and mathematics. The company is building games-based apps, and plans to expand into television and books.

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