Swing Education’s funding round comes as schools have been relying heavily on substitutes to help fill open teaching positions.
Byju’s disputed the allegations, and said they “are related to an inconsequential technical matter” and that all payment obligations have been met.
Ash Kaluarachchi, who helps ed-tech companies find sources of capital that fit their needs, talks about the decline in VC funding and alternatives for businesses.
Vietnam-based EQuest Education Group said it raised $120 million in debt and equity financing as it aims to grow its network of schools in the country.
The ed-tech industry will likely see about $3.5 billion in venture investments in 2023, a 67 percent drop from 2022, a new report predicts.
Entrepreneurs and investors will badly miss the financial terms and other support the institution offered to early-stage companies.
The new fund will be aimed, in part, at backing education companies that provide personalized learning and data-driven academic support.
After rising to record highs during the pandemic, venture capital investment into ed-tech companies is coming back down to Earth.
Newly announced plans to liquidate Class Acceleration Corp. are one sign of how market conditions have turned against special purpose acquisition companies, or SPACs.
A University of Southern California program that supports ed-tech companies led by women and minorities has seen rapid growth in applicants addressing learning loss and other needs.