The Jefferson Education Exchange is being rolled out at the same time that a separate entity that also sought to bridge disconnects between ed-tech providers and schools, the Jefferson Education Accelerator, closes shop.
Turnitin, a provider of tools to prevent plagiarism, engage students in the writing process and facilitate feedback for the K-12 and higher education markets, has acquired VeriCite, a plagiarism detection tool.
In this week’s dealmaking news, Quizlet, a free study app, raised $20 million in new funding. Also, EMC School, a provider of digital and blended language learning solutions, acquired digital programs producer Zulama.
CB Insights did a postmortem on why startup companies fail–a chronicle of missteps that may offer lessons for K-12 companies.
Companies selected as “emerging partners” by the State Educational Technology Directors Association will get access to digital learning leaders and larger companies that work with the nonprofit.
Because ed-tech products may cross the lines of several budget areas, schools can be creative in finding the funds to pay for them.
Ed-tech businesses including LearnPlatform and TeacherGaming raised funds. Also, education management solutions provider ASSIST and Brainly announced acquisitions.
Crowdfunding: A Strategy for K-12 Companies to Build a Customer Base and Stronger Profile
But Education Providers Also Must Pursue Experienced Investors, Sustainable Revenue Models
Crowdfunding is one of the strategies that education providers are using to raise money and tap into a new segment of customers — but it has its limitations.
The benefits of a second round through an ed-tech accelerator are exponential.
Companies including a text messaging app and a provider of STEM tools for teachers raised funding. Also, educational games provider Jumpstart acquired online math program Sokikom, and Microsoft and PowerSchool unveiled a new partnership.