The total dollar value of dealmaking in the pre-college, higher education and professional training sectors soared from just $5 billion in 2016 to $16.79 billion in 2017, according to a report by investment bank Berkery Noyes.
In this week’s dealmaking news, on-demand software and e-commerce services provider Ebix purchased a stake in Smartclass Educational Services. Also, NewSchools Venture Fund will invest $5 million in 23 teams of educators who are planning to launch new schools.
After a two-month hiatus, Stuart Udell takes another leadership role at a K-12 company–this time a leadership change that marks the departure of Saki Dodelson, the longtime CEO and co-founder of Achieve3000.
PowerSchool said it will acquire talent management solutions company PeopleAdmin. A joint investment from two private equity firms will fund the purchase.
Kahoot! and Code.org team up in an effort to advance K-12 computer science education. A handful of ed-tech firms including web-based teaching learning solutions provider Edmentum and instructional technology company BookNook raised funds from investors.
Edmodo, a social learning network for teachers and students, is just the latest U.S.-based education provider to be acquired by the Chinese company.
In this week’s dealmaking news, ed-tech companies unveiled new partnerships. Houghton Mifflin Harcourt and Renaissance integrated their products as part of a new strategic partnership. Also, Chinese internet company Tencent partnered with Age of Learning, the creator of children’s learning platform ABCmouse.com.
In this week’s dealmaking news, New Mountain Learning, a provider of digital and blended learning solutions, raised funds from CIP Capital. Also, Really Good Stuff purchased Steve Spangler Science.
In this week’s dealmaking news, Oslo-based startup Kahoot! closed a $17 million funding round. Also, GameMine, a mobile game publisher, is partnering with a Prague-based childhood learning app company.
Renaissance, a major provider of classroom and assessment products, is acquiring digital resource provider myON.