Online learning platform Preply has announced that it has raised an extra $10 million in funding to finance its expansion, doubling its previous fundraising total.
Preply plans to invest the $10 million funding into: the growth of its network of 10,000 tutors; scaling its marketplace; introducing new tools, assessment and homework functions; and developing their mobile applications.
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In the wake of the Coronavirus crisis, Estonia has offered to support the educational systems of other countries with digital education services delivered at no cost.
Startup Estonia along with the Ministry of Education and Research and a few other entities have collaborated to roll out a new initiative which will allow other countries access to their digital education tools.
This step has been taken by the government of Estonia as most countries are facing school closures due to the Coronavirus (Covid-19) pandemic.
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International education provider Study Group has announced that it has acquired edtech platform Insendi.
A Study Group statement said that it believes the acquisition of Insendi will be an opportunity for the business to increasing its market share in blended, online and international education.
Following the acquisition, Insendi will still operate as a separate entity within Study Group, in order to maintain its focus on innovation.
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Aarhus University has announced that it has chosen D2L Brightspace as its new learning platform. A statement from Aarhus University stated D2L Brightspace platform was chosen for its ‘usability and broad range of features’. Alongside the features Brightspace brings to the table, Aarhus says it made its decision based on the opportunities the platform provides […]
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NEOMA Business School has formalised a partnership with the professional association EdTech France to jointly drive innovation of educational technologies.
NEOMA believes this partnership will strengthen its mission to provide quality education and specialised training to its students.
It is hoped that the partnership between NEOMA and EdTech France will allow them to reflect on various innovative educational technologies to better learning experiences for students.
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In a $2 billion deal, Thoma Bravo has acquired Utah-based educational software maker Instructure, with the acquisition is expected to come in to effect in the next few months.
In December last year, private equity investment firm Thoma Bravo purchased Instructure in a cash transaction worth approximately $2 billion.
The firm predominately focuses on software and technology service sectors, and aims to assist in edtech innovation and international expansion of Instructure into its future.
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Nexford University has announced that it will be offering scholarships to women for their MBA and BBA degree courses as part of its support for Equal Pay Day.
The Office of National Statistics reported on 29 October 29 that the gender pay gap currently stands at 17.3%, based on a median average, with this data leading to the derivation of this year’s date.
Equal Pay Day is a symbolic day dedicated to raising awareness of the gender pay gap, which stands to represent the day upon which a woman’s salary is no longer equal to a man’s. This year, Equal Pay Day was marked on 14 November.
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Chinese online education platform Codemao has announced this week that 400 million yuan ($57 million) has been secured in a Series C round of financing led by the Russia-China Investment Fund.
Codemao specialises in offering online coding classes to children and young adults.
Also joining this round of funding were Hillhouse Capital; Asia-focused private equity firm SAIF Partners; Everbright New Economy USD Fund, a $483-million investment platform of Hong Kong-based financial services company China Everbright Limited; and Chinese state-owned Guangdong Technology Financial Group.
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