In K-12 dealmaking news, K12 Inc. has acquired Galvanize Inc., a learning community for technology. A U.K.-based specialist education recruitment company acquired another ed recruitment company. An India-based firm has raised $4.3 million in Series A funding, and an Indonesia-based startup has raised pre-series A venture capital.
K12 acquires Galvanize. K12 Inc., which offers online and blended education solutions, curriculum, and programs, has acquired Galvanize, Inc., which develops talent and capabilities for individuals and corporations in technical fields such as software engineering and data science, K12 Inc. announced.
K12, a public company, is expected to acquire Galvanize for $165 million in an all-cash transaction.
“The Galvanize management team, brand recognition, network of alumni, campuses, and industry-leading software engineering and data science programs will allow K12 to accelerate its entry into this important and growing market,” K12 Inc. said in its press release.
K12 said it has had over 13,000 students nationwide in its career academies, which combine traditional high school academics with career technical education.
“I am proud to join K12 in our shared goal to bridge the gap between industry demands and education,” Galvanize CEO Harsh Patel said in a statement. “The K12 team believes in Galvanize’s mission to teach industry-relevant skills and lifelong learning techniques.”
U.K.-based specialist education recruitment company acquires a similar firm. The Classroom Partnership has acquired Concord Education, another U.K.-based education specialist recruitment company, Staffing Industry Analysts reported.
Concord specializes in relocating candidates for temporary to permanent and direct employment.
“This acquisition is a major step forward for The Classroom Partnership group in continuing to adapt to the ever-changing face of school’s recruitment,” Classroom Partnership CEO Paul Broderick said in a statement to SIA. “Incorporating a leading permanent education staffing brand into one of the U.K.’s largest supply staffing brands seemed an obvious move for us and brings together the best in day-to-day and long-term supply and expert permanent solutions.”
U.K.-based Bluestones Investment Group financially backs The Classroom Partnership, and has provided acquisition funding for other education brands.
Financial terms weren’t disclosed.
India-based ed-tech firm raises $4.3 million in Series A funding. Eupheus has raised $4.3 million in Series A funding via equity and venture debt, TechStory reported. The India-based company aims to integrate in-class and at-home learning, and to help children learn in a fun and interactive manner, according to the company website.
Singapore-based Yuj Ventures led the funding round, and existing investor Sixth Sense Ventures also participated.
Eupheus will use the new capital to start Middle East operations and drive other international expansion, according to the article.
“By leveraging the power of technology, we’ve been able to bridge the divide between in-school and at-home learning and offer a seamless, end-to-end learning experience,” Eupheus Managing Director Sarvesh Shrivastava said in a statement. “With this infusion of capital, we have the opportunity to expand our presence across India and into neighboring nations and showcase the benefits of our unique offering to an ever-larger audience.”
Madhav Soi of Yuj Ventures in a statement to TechStory said he and his colleagues are impressed by the Eupheus founders’ experience, and the manner in which they profitably scaled Eupheus the last two years in a competitive market.
Indonesian ed-tech startup raises pre-series A venture capital. Gredu has raised an undisclosed amount of pre-series A funding from Vertex Ventures, a venture capital unit of Singapore state-owned Temasek Holdings, according to an article in TechInAsia.
The Indonesian startup is building a centralized management system to digitize the school environment, supported by separate apps for teachers, parents, and students, and the company provides technical assistance before, during, and after the onboarding process, according to the article.
Gredu said in a statement that it will use the new funds to further develop its app and complete its features, according to the article.
“The awareness on the improvement of Indonesian education has made Gredu realize its commitment by presenting a solution to digitalize the school environment that can handle holistic schooling administrative tasks,” Gredo CEO Mohammad Rizky Anies said in a statement to TechInAsia. “Hopefully, this can create a more efficient, effective, transparent and measurable learning and teaching process within the ideal ecosystem.”
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