K-12 Dealmaking: Noodle Companies Raises $5 Million; Macmillan Acquires Intellus
In this week’s dealmaking news, Noodle Companies raised $5 million while Macmillan Learning has acquired ed-tech company Intellus.
Noodle Companies Raise Additional $5 Million: The Noodle Companies, a family of education technology companies, has raised $5 million in a Series A investment from SWaN & Legend Venture Partners. This investment will accelerate the development and adoption of the suite of Noodle products.
The Noodle Companies, based in New York City, offer tools and services for schools from K-12 through higher education. Currently there are four Noodle companies: Noodle.com, an education discovery tool that aims to help parents and students make better decisions about learning choices; Noodle Markets, which provides tools for K-12 purchasing; Noodle Partners, which works with universities to create online degree programs, and Noodle Pros, which connects students to tutors for one-on-one test prep, academic help, and learning-disability assistance.
The Noodle Partners previously announced a seed funding round of $4 million led by Osage Ventures in October 2016 and Noodle Markets announced a $3 million seed round of funding led by Rethink Education in January 2016.
Macmillan Learning Acquires Intellus Learning: Education company Macmillan Learning has purchased Intellus Learning, an educational platform-as-a-service company, according to a statement. Terms of the deal were not disclosed.
Intellus gathers information across institutions to “help faculty and administrators find and evaluate the best, most affordable digital content for each learner while providing actionable data on course engagement and success,” according to the statement.
Edgenuity Completes Compass Learning Acquisition: Edgenuity, a provider of online and blended learning solutions, has completed its acquisition of Compass Learning. The deal, announced in August 2016, “creates the market’s most robust suite of digital curriculum products and extends Edgenuity’s reach from kindergarten through high school,” according to a statement from the company.
Follett Integrates With VitalSource Technologies: Follett Higher Education Group and VitalSource Technologies LLC have merged their technology systems to “[make] it easier for college students to access their digital learning materials, according to a press statement.
As a result of the integration, the companies will eliminate the need for passcodes to access VitalSource content via Follett’s BryteWave digital textbook reader. Students can log in to their learning management system and click a link for access to their needed materials, according to the statement.
Be sure to check back on Marketplace K-12 for updates on mergers, acquisitions, fundraising, and other dealmaking.