K-12 Dealmaking: L Squared Acquires Learners Edge; PikMyKid, Stoodnt Raise Funds

Contributing Writer

In the latest news from the dealmaking front, L Squared Capital has purchased online professional development platform Learners Edge, and PikMyKid, a school dismissal app, raised $980,000 in funding.

L Squared Capital Partners Acquires Learners Edge: Private equity firm L Squared Capital Partners has acquired Learners Edge, a provider of online professional development, continuing education and master’s degree programs for K-12 teachers from Stone-Goff Partners, according to The PE Hub Network. Financial terms of the deal were not disclosed.

Lakeville, Minn.-based Learners Edge is a direct-to-teacher provider of online professional development, continuing education and master’s degree programs for K-12 teachers.

PikMyKid Raises $980,000: Tampa, Fla.-based PikMyKid, a platform that seeks to streamline the end-of-day student dismissal process for parents and schools, has received $980,000 in a funding round co-led by the FAN Fund and Florida Funders, according to a statement on The PE Hub Network.

PikMyKid said it will use the investments for “continued product development, marketing and customer acquisition and the company plans to add several full-time employees,” according to the statement.

Stoodnt Raises $300,000: Stoodnt, a platform that aims to help parents and students connect with U.S. college counselors and colleges, has raised $300,000 in a seed funding round led by Google India managing director Rajan Anandan, according to VCCircle.

Stoodnt, which was founded in 2015 in Palo Alto, Calif., entered the Indian market this year and has an office in Coimbatore, India, noted VCCircle.

DreamIt Unveils Fall 2016 Cohort: Startup accelerator DreamIt has announced its latest ed-tech cohort, according to a posting by DreamIt on Medium.com. The accelerator selected 7 ed-tech startups: Chalk.com, Learnmetrics, MPOWER Financing, PenPal Schools, PikMyKid, t3 interactive and Wrainbo.

Dreamit has launched more than 275 health and ed-tech startups with a collective worth in excess of $1.5 billion.

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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