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.
7 Keys to Making an Education Company Acquisition Work for Both Sides
Top Executive at Renaissance Shares Lessons Gleaned From Multiple Ed-Tech Deals
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.
Inside Brazil’s Huge, Complex K-12 Market
Demand for English-Language Instruction, STEM, and Resources to Meet New Academic Standards Is Poised to Rise
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.
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