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GSV Ventures, co-founded by Deborah Quazzo and Michael Cohn, has raised $180 million in its second fund, exclusively focused on backing edtech startups across the globe. The startup now manages $277 million in cumulative assets, inclusive of its debut fund that was closed in 2016. The new fund will let GSV invest in 13 core […]
ZAGREB (Croatia), February 18 (SeeNews) - Croatian software company Photomath, known for its math learning app of the same name, said on Thursday it has se
Photomath, the popular mobile app that helps you solve equations, has raised a $23 million Series B funding round led by Menlo Ventures. The app is a massive consumer success, and chances are you might already know about it if you have a teenager in your household. The app lets you point your phone’s camera […]
Goldman Sachs and Sesame Workshop pour money into this edtech firm’s newest fund Reach Capital III is a $165 million investment vehicle Shauntel Garvey and Jennifer Carolan liked edtech before the sector was cool, so the duo co-founded Reach Capital in 2015 with a $53 million debut fund. The San Francisco-based venture firm has since put checks into education startups including Newsela, Sketchy, ClassDojo and Outschool, landing six exits so far. Now, after seeing its portfolio accelerate in the wake of the coronavirus, Reach is announcing its third fund aimed at backing edtech startups. Rea...
Being nerdy pays off, and soon there will be another education technology company on the public market. Nerdy, the parent company of Varsity Tutors, an online tutoring platform, will be acquired by TPG Pace Tech Opportunities, a special purpose acquisition company. The deal will give Nerdy a valuation of $1.7 billion, making it the first billion-dollar technology company based in St. Louis, according to the St. Louis Post-Dispatch. The transaction includes $450 million that TPG Pace Tech Opportunities raised from its IPO last October, along with another $300 million from forward purchase agre...