Marketplace K-12

K-12 Dealmaking: Online Tutoring Startup Vedantu Raises $11 Million; Sandbox & Co. Makes Acquisition

Lauraine Genota

In the latest dealmaking news, online tutoring startup Vedantu has raised $11 million, while London-based investor Sandbox & Co. has acquired Constructive Media, a provider of educational games.

Vedantu Raises $11 Million: Online tutoring startup Vedantu has raised $11 million in its Series B round of funding led by Omidyar Network, with its existing investor Accel Partners also participating in the round.

The funds will be used to expand in tier II and tier III cities in India, as well as adding more content to its platform. Currently, the India-based startup Vedantu provides tutoring to students in 6th through 12th grade. It plans to start tutoring for graduate admission exams like GMAT and GRE.

The company says the money will also give it the ability to use machine learning and facial recognition techniques to track student’s attention span and understanding, making the platform more personalized.

Founded in 2014, Vedantu is an online tutoring company where students can learn live with curated teachers.

Sandbox & Co. Acquires Constructive Media LLC: London-based investing firm Sandbox has acquired a provider of math games, Constructive Media, according to a press release. Financial terms were not disclosed.

Established in the early 1990s, Constructive Media is a digital media platform that works in both education and casual gaming. Some of its products include coolmathgames.com, coolmath4kids.com and coolmath.com.

Sandbox works with businesses at the intersection of digital, learning and media industries. Some of their brands include Poptropica, an adventure- and learning-based game for kids age 6 to 12; Hopster, a preschool learning app; and TinyBop, STEM toys for kids age 4 to 12.

Garbutt + Elliot Invests $575,000 In Edtech Platform: U.K.-based accounting firm Garbutt + Elliot has invested £450,000 (about $575,000) in ed-tech entrepreneur Michael Forshaw, according to a news release.

The funds will be used toward the launch of Edtech Impact, a platform that matches schools with ed-tech solutions using evidence of impact. Forshaw claims it will save schools money and help them make more informed decisions on ed-tech investments.

Genius Corner Raises $278,000: Indian-based ed tech company Genius Corner has raised $278,000 from five angel investors who invest in equities and startups in Indian and international markets, according to a press statement.

Genius Corner, launched in 2014, provides personalized learning solutions to students with the help of combining web technology with artificial intelligence. The startup currently works with schools and institutions across India.

The angel funding is expected to be used to expand the company’s footprint in India, implement machine learning and boost product development.

Wellspring International Acquires Quad Learning: Wellspring International, which recruits students globally to high schools and colleges, has acquired Quad Learning, an enrollment management services provider, in an equity and cash transaction, according to a press release. Financial terms were not disclosed.

With the acquisition, Wellspring International expands its reach, adding Quad Learning’s American Success community college partnerships to its program offerings.

Wellspring International Education, based in Illinois, provides a link between students who want to study in the United States and American colleges and universities that seek to enroll those students. The company recruits students from 35 countries to more than 200 high schools, language schools, colleges and universities in the U.S., U.K., Canada, Australia and New Zealand.

Quad Learning provides international enrollment management services to support institution-wide global learning and international student success.

Cornerstone Acquires Grovo: Cornerstone OnDemand, which offers cloud-based learning and human capital management software, has acquired Grovo, a provider of micro-learning content, for $24 million in an all-cash deal, according to a press release.

Cornerstone, which is used by multiple K-12 schools and colleges in the U.S., said the acquisition of Grovo will improve access to education on a global basis.

Cornerstone also announced the expansion of its Content Anytime subscription offerings, enabling organizations to provide their employees with content that puts them in control of their own career development.

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