Pearson announced a $25 million acquisition of an Australian digital learning company, and China-based VIPKid’s raised $80 million in new venture capital funding.
Investors are likely to set a higher bar for financially backing education companies over the next year, even as they look to put their money behind new product areas.
Weld North is expanding from offering supplemental academic resources to core curriculum through the acquisition of LearnZillion. The firm has acquired a number of education companies in recent years.
In K-12 dealmaking news, Pearson’s first investments from its venture capital arm have been announced, and a Nashville-based startup that provides parent feedback to schools raises $1 million.
Our most widely-viewed webinars included a breakdown of the “evidence” standards in the Every Student Succeeds Act, and a look at how companies can improve district’s usage of their ed-tech products.
The most widely read stories of the past year focused on fast-growing companies, trends in investment, and strategic advice for education companies.
Duolingo raised $30 million, while Mentoring Minds, which provides K-12 critical thinking materials, has acquired instructional management platform SchoolSpire. Data management and analytics provider Hoonuit picked up Tembo, a public assessment and accountability reporting company.
Deloitte named its 500 fastest-growing tech companies in North America. Thirty-nine of them touch the world of education in ways big or small.
The Salt Lake City-based company that sells the Canvas learning management system has announced plans to be acquired by Thoma Bravo, a private equity firm.
Recent deals include IXL Learning’s acquisition of Education.com, ASSIST Education’s partnership with Santillana to bring its U.S. high school diplomas to Brazil, a U.K.-based acquisition by Strictly Education, and fundraising by ed-tech startups in Mumbai and Nigeria.