The investment marks the NBA star-turned-investor’s first foray into the ed-tech market.
Some of the pullback reflects a slowing of private equity deals, which represented just 52 of the deals closed in the first half of the year,
The acquisition of Neverskip, which uses software to help schools automate operations, is part of PowerSchool’s strategy to greatly expand its presence in the South Asian nation.
Discovery Education CEO Jeremy Cowdrey and DreamBox CEO Jessie Woolley-Wilson said the acquisition was driven in part by new trends in the K-12 market.
The acquisition affects resources that are collectively delivered to millions of students in core academic subjects.
ClassWallet is a payments and purchasing platform designed to let school districts and state agencies streamline how they disburse funds.
Preply, which was founded in Ukraine, offers a language learning platform that connects students to live tutors.
EdWeek Market Brief spoke to a technology M&A adviser about the landscape of ed-tech deals and the factors that will continue to shape the market.
In other noteworthy deals, a Mexican ed-tech company company that makes payment software for private schools raised $19 million in GSV-led round.
The transaction, which pairs a provider of student information systems with a communication platform, is expected to close in the third quarter of 2023.