EVERFI makes its first international acquisition, picking up a London-based business, and Nearpod takes lessons learned from K-12 and moves into post-secondary education.
Todd Brekhus, the chief product officer at Renaissance, has been on both sides of major acquisitions in the education field and reveals his top pieces of advice.
U.K.-based school staffing company Zen Educate and California science and coding company CodeCombat both raise funds. South African education company Snapplify eyes international expansion.
WhiteHat Jr. raised $10 million in funding, while Classcraft received a $7.5 million investment. Trilogy Mentors, a startup, raised funding in a pre-seed round. And Renaissance has added William H. Sadlier, Inc., as a strategic partner.
K-12 ed-tech businesses and low-tech companies are among those selected to the 2019 Inc. 5000 list of fastest-growing private companies in education.
In recent dealmaking news, the robotics company Sphero has acquired littleBits, while online education company Coursera acquired startup Rhyme Softworks.
Hoonuit acquires DecisionInsite; NWEA received two grants worth a total of $4.5 million; and Spotify company Soundtrap partners with listening-skills company Listenwise.
Schools in Latin America’s most populous country are likely to have an increased demand for STEM materials, English-language instruction, and resources that align with new national education standards in the years ahead.
The merger will pull together companies with combined revenues of nearly $3.2 billion and a broad portfolio of learning materials.
Renaissance has acquired Early Learning Labs, while Nearpod will acquire Flocabulary and Instructure is purchasing MasteryConnect.