EDTECH BUSINESS



Enterprises · Entrepreneurship · Financing · Incubators · Investors · Market Trends · Mergers and Acquisitions · Nonprofits · Startups
Austin Startup Raises $1.25 Million to Connect Students Around the World
PENPAL SCHOOLS, an Austin-based startup, has secured $1.25 million dollars in seed funding. The company connects classrooms around the world through online language exchanges, news discussions and issue-driven debates.
Shanghai Homework Helper App Raises $100 Million Series C
XUEBAJUN: Venture capital doesn’t come easy—unless perhaps your company is Xuebajun. The Shanghai-based developer of a mobile homework help app has raised $100 million in a Series C round led by China Merchants Capital and EasyCapital, according to China Money Network. The company allows students to upload pictures of homework questions and receive answers within three minutes from robot and online tutors...
Pearson Revenues, Stock Tumble—Yet Remains Committed to Digital Transition
FALLON FALLING: Once-mighty publisher Pearson has been struggling financially, and the latest gloomy forecast could cost CEO John Fallon his job. The company issued a profit warning on Jan. 18, saying it “no longer expect[s] to reach our prior operating profit goal for 2018.” Fallon had set a profit target of £800 million for that year...
Report Finds Link Between Business AI Adoption and Revenue
ARTIFICIAL INTELLIGENCE, REAL DOLLARS: There may be a strong link between artificial intelligence adoption and revenue, according to Infosys. In a report published at the World Economic Forum in Davos, Switzerland, organizations that have already or plan to deploy AI say they expect to see a 39 percent average revenue increase by 2020...
Macmillan Acquires Intellus Learning to Optimize How Colleges Use Digital Content
INTELLUS LEARNING, a platform that aims to help higher-ed institutions find, evaluate and align digital content with learning objectives, has been acquired by Macmillan Learning. Terms of the deal were not disclosed. Founded in 2011 (then known as Ace Learning), the Los Altos, Calif...
Faculty Workflow Tech Company Interfolio Acquires DATA180
INTERFOLIO, a workflow product used by higher-ed institutions to hire and manage faculty, has acquired faculty-activity reporting tool DATA180. According to the press release, the move will create a single platform for higher-ed faculty data, and “bring attention to ‘faculty tech’ that will spur growth and long-term investment in the category...
Enterprise Language Learning Startup Lingo Live Raises $5.2 Million
LINGO LIVE, a New York-based startup offering an online marketplace of language instructors, has raised $5.2 million in a Series A round led by Owl Ventures. Founded in 2014, the company tailors its offerings to the corporate world and counts Eventbrite, Holiday Inn and Twitter among its customers...