Online Course Provider, HotChalk Rumored to Raise $75M

HOTCHALK: Reuters reports that HotChalk is in talks with anonymous investors to raise at least $75M, a round which would value the company between $500M and $800M. The Campbell, CA-based company works with universities to create and manage online degree programs. On its website, HotChalk boasts a 90% graduation rate for universities using its solutions.

If the deal closes it will continue Q2’s strong run for post-secondary edtech financing. MOOC creator CourseraQuad LearningAdmitSee and others have all raised money over the summer. Expect more money to follow.

STAY UP TO DATE ON EDTECH.
News, research, and opportunities - sent weekly.