Last week, a handful of ed-tech startups including digital framework developer Apptegy and BookNook, an instructional technology company. In addition, the State Educational Technology Directors Association (SETDA) announced its latest cohort.
Chinese online tutoring company Yuanfudao has raised $120 million, and Yogome, a digital education platform, closed a Series A round with an investment of $6.6 million from Spanish fund Seaya Ventures.
Genext Students, a tutoring platform, has raised $580,000; and Cerego, a company that tries to provide tech-based personalized learning, announced it will partner with Cengage on interoperability standards.
Jonathan Knee, an investment banker and Columbia Business School professor, has studied education business failures and why some companies’ grand ambitions often result in failure.
Pearson is preparing to sell off parts of TutorVista, while Gauge Capital has invested in eDynamic Learning, which publishes online career and elective courses for middle and high school.
In this week’s dealmaking news, education startup AltSchool has raised $40 million; also, tutoring and test prep platform Revolution Prep raised $4 million.
Securing funding is part of the startup process, but ed-tech companies can look for investors who value social impact as well as the bottom line.
Vietnam’s Rapid Economic Growth, High Regard for Education Open Doors for U.S. Companies
The Country Is Among the Fastest-Growing Economies in Southeast Asia, on a Trajectory Comparable to China's
With 92 million people, an economic growth rate of 6.5 percent, and a high regard for education, Vietnam is among the fastest-growing economies in Southeast Asia.
Being part of an education innovation cluster can bring connections, mentorships and a blueprint for navigating future growth and funding.
The number of ed-tech deals rose from 100 late last year to 131 in the first quarter of 2017, with a value of $545 million, a new analysis shows.