Amsterdam-based student-to-student knowledge exchange platform StuDocu has raised $50 million from Partech. The funding is expected to be used to further its exponential growth and expand the team significantly with the goal of reaching all 200 million college and university students around the world. “When we met the team at StuDocu, we were wildly impressed […]
Not often that a European tech company buys a US-based company for half a billion dollars, but here we are: Norway’s Kahoot this morning announced that it is acquiring California-based Clever, a K-12 EdTech learning platform. The combination of two of the world’s leading digital learning platforms will set Kahoot back up to $500 million, […]
Munich’s edtech startup StudySmarter has raised $15 million in a Series A round with ambitions to become the world’s central hub for learning. The investment arrives via Owl Ventures and Left Lane Capital, as well as individual investors Lars Fjelsoe-Nielsen and existing investor Dieter von Holtzbrinck Ventures. The capital is expected to accelerate StudySmarter’s scale-up […]
Paris-based edtech OpenClassrooms has raised $80 million in their third round and saw participation from the Chan Zuckerberg Initiative, a project Facebook founder Mark Zuckerberg established with his wife Priscilla Chan in 2015. The round also saw participation from Lumos Capital, GSV Ventures, and Salesforce Ventures. Founded in 2012, OpenClassrooms is an edtech platform that […]
Stockholm-based edtech Lexplore has raised €5 million in a round led by education sector champion Sparkmind.vc. The funding is slated to be used to accelerate Lexplore’s growth, with a particular focus on sales and marketing hires that can turn their sights on Western Europe, the U.S., and Oceania. “We were impressed by their solutions’ ability […]
Berlin’s online language learning school Lingoda has raised €57 million in a round led by Summit Partners and saw participation from existing investor Conny Boersch, founder of Mountain Partners, an early investor in Lingoda. As part of the deal, Summit Partners’ managing director Matthias Allgaier will join the Lingoda board of directors. The capital is […]
In and Oslo-to-Oslo transaction, learning platform Kahoot! has acquired cross-town employee engagement and learning app provider Motimate. Kahoot! has acquired 100% of the shares of Motimate at an enterprise value of $25 – $27 million on a cash and debt-free basis, including a 2021 performance-based element, reflecting an approximate 5x multiple on an ARR target […]