A $157M Fundraise for Guild Education Births Edtech’s Newest Unicorn

edsurge | November 13, 2019

The education technology industry has given birth to its newest unicorn, one that wants to connect employees at Fortune 1000 corporations to educational programs and further their careers—all while helping higher-ed institutions stay in business. Guild Education has raised $157 million in a Series D round led by General Catalyst, and joined by Emerson Collective, Iconiq Capital and Lead Edge. A flock of previous investors also contributed, including Workday Ventures, Salesforce Ventures, Next Play Capital, Silicon Valley Bank, Felicis Ventures, Bessemer Ventures, Redpoint Ventures and Harrison Metal. All said, this single round is more than double the $71.5 million that Guild had previously raised. And the deal gives the company a valuation north of $1 billion, at least according to investors. That’s plenty of cash—and bragging rights. Guild claims that it is one of the few female-led companies to achieve the hallowed “unicorn” status this year. And the company is adding a big name to its board of directors: General Catalyst’s chairman and managing director, Ken Chenault, the former CEO of American Express.

Spotlight

The institution school is well established and recognized as the base of knowledge transfer in our society. The concept of school teacher student hasn’t changed much in the past decades but everything else has. No longer is there only one way of achieving knowledge, no longer have students only one choice. The offers on the market are as diverse as the interests of the students themselves.

Spotlight

The institution school is well established and recognized as the base of knowledge transfer in our society. The concept of school teacher student hasn’t changed much in the past decades but everything else has. No longer is there only one way of achieving knowledge, no longer have students only one choice. The offers on the market are as diverse as the interests of the students themselves.

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EDUCATION TECHNOLOGY

CYPHER LEARNING Personalizes Learning Experiences with Innovative Skills Development Features

CYPHER LEARNING | December 05, 2022

CYPHER LEARNING, a leading provider of learning platforms for schools, universities and organizations around the world, today announced the official launch of its innovative skills development features. This functionality, immediately available to users of both of the company's products, MATRIX LMS for Business and NEO LMS for K-20, helps drive personalized learning journeys, tailored to learners' skills and needs.The advanced features are staples of CYPHER LEARNING's intelligent learning platform (ILP). The company unveiled ILP earlier this year, inviting users to test out the new, intelligent features. STI Education Services Group (STI ESG), one of the largest networks of schools in the Philippines, has helped drive learning success using CYPHER LEARNING's skills development capabilities.As an academic institution, we are dedicated to empowering our teachers with the skills and resources they need to become more effective mentors to their students," said Aisa Q. Hipolito, vice president for academics at STI. "With CYPHER LEARNING's new capabilities, our teachers can improve their own skills and knowledge both of which are essential to supporting students' success. The new functionality benefits students in other ways too, enabling them to explore their interests and create individual learning goals based on their desired careers in the future. Teachers can track the progress of students and provide feedback and intervention, when necessary, to help students achieve their goals. Educational institutions and businesses can take advantage of the following skills development features available in CYPHER LEARNING platforms to drive mastery of skills: The ability to tag content and resources with competencies, so learners can achieve goals mapped to their roles, careers, educational standards and more. Learners receive personalized recommendations, in the form of courses, groups and forums to join, learning paths and more that reflect their goals, background and previous accomplishments. Instructors can automate daily tasks such as enrolling learners in courses or awarding points and badges to save time and make learning personalized. Learners and their instructors can track goal progress from the main overview page. Learners can participate in Q&A forums where they can ask questions and get support on achieving goals. "Skills development features can also help bridge the gap between academics and industry making students better prepared as they enter the job market,Our platform can be populated with different job competencies from across industries, which educational institutions then map with their courses and curricula. When students set learning goals, the goals and related activities can equip them with the skills they'll need in their careers." Jenielyn Padernal, CYPHER LEARNING's global EdTech director. Graham Glass, CEO of CYPHER LEARNING, said: "Whether you're an employee or a student, learning is more useful and enjoyable when it's relevant to you. As we enable learners to set meaningful goals, we're also making it easier for them to achieve them. The learning process should be learner-centric, and at CYPHER LEARNING, we're committed to that approach." About CYPHER LEARNING CYPHER LEARNING provides an intelligent learning platform that is empowering schools, businesses and entrepreneurs worldwide to reimagine online education and deliver the best learning experiences. CYPHER LEARNING has solutions for all major e-learning sectors: NEO LMS for K-20, MATRIX LMS for Business, and INDIE LMS for Entrepreneurs. Relied on by millions of users, CYPHER LEARNING supports 50+ languages and has offices worldwide with global headquarters in Plano, Texas.

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CORPORATE EDUCATION AND TRAINING

Six Flags Entertainment to Provide World-Class Employee Education Benefits Through Workforce Edge

Workforce Edge | October 10, 2022

This week, Workforce Edge, a complete employee education management platform within Strategic Education, Inc.’s family of educational services, announced a partnership with Six Flags Entertainment Corporation to provide all team members, including full-time, part-time, and seasonal employees, with access to a network of degree and certificate programs.These include tuition discounts at both Capella University and Strayer University, as well as no-cost access to Sophia Learning available to Capella or Strayer undergraduate students. Six Flags employees will be able to take advantage of the benefits offered to them as a result of the Workforce Edge partnership which began on October 3, 2022. “We’re excited to support a household name brand like Six Flags with their investment into continuing education opportunities for their team members,Through this partnership, Six Flags has secured a spot as a market leader in employee benefits, positioning it as an attractive employer in the amusement park entertainment space and helping ensure it maintains a skilled workforce.” Karl McDonnell, President and CEO, Strategic Education. We’re eager to roll out the Workforce Edge platform to all of our 35,000+ full-time, part-time, and seasonal employees so that they can have access to affordable, continuing education opportunities,” said Selim Bassoul, President & CEO at Six Flags Entertainment Corporation. “We’re proud to support our team members as they work to achieve their professional and personal success. Strategic Education supports more than 1,000 employer partners in their efforts to upskill and retain their workforce and provides a suite of groundbreaking education solutions to help employers stay one step ahead of their competition. Workforce Edge serves as a solution to help employers offer their workforce higher education options that are relevant, innovative and affordable. Since launching, Workforce Edge has partnered with 45 industry-leading employers to help administer education benefits. About Strategic Education, Inc. Strategic Education, Inc. is dedicated to helping advance economic mobility through higher education. We primarily serve working adult students globally through our core focus areas: 1) U.S. Higher Education, including Strayer University and Capella University, each institutionally accredited, and collectively offer flexible and affordable associate, bachelor’s, master’s, and doctoral programs including the Jack Welch Management Institute at Strayer University, and non-degree web and mobile application development courses through Strayer University’s Hackbright Academy and Devmountain; 2) Education Technology Services, developing and maintaining relationships with employers to build education benefits programs providing employees access to affordable and industry-relevant training, certificate, and degree programs, including through Workforce Edge, a full-service education benefits administration solution for employers, and Sophia Learning, enabling education benefits programs through low-cost online general education-level courses that are ACE-recommended for college credit; and 3) Australia/New Zealand, comprised of Torrens University, Think Education, and Media Design School that collectively offer certificate and degree programs in Australia and New Zealand. This portfolio of high quality, innovative, relevant, and affordable programs and institutions helps our students prepare for success in today’s workforce and find a path to bettering their lives. About Six Flags Entertainment Corporation Six Flags Entertainment Corporation is the world’s largest regional theme park company with 27 parks across the United States, Mexico and Canada. For 60 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling waterparks and unique attractions. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests

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ONLINE EDUCATION

Surgent Accounting & Financial Education Presents Two New Online CPE Courses

Surgent | October 14, 2022

Surgent Accounting & Financial Education, a division of KnowFully Learning Group, today announced two new online continuing professional education (CPE) courses created to educate participants about the tax implications of matters recently enacted by President Joe Biden. One course examines how the Inflation Reduction Act (IRA) impacts auto- and energy-related tax credits, and the other covers the effects of the new Student Debt Relief Plan on individuals and employers"The Inflation Reduction Act's Changes to Auto and Energy-Related Tax Credits (AEC2)" will air on Oct. 19 from 2 p.m. to 4 p.m. ET, while "Student Loan Repayment and Forgiveness: Analysis and Impact on Individuals and Employers (SLR2)" will air on Oct. 25 from 10 a.m. to noon ET. Each course will also be available on subsequent dates. Self-study will also be available. "Whether for individuals or businesses, tax planning requires an ever-evolving body of knowledge. Our goal at Surgent is to make that education as seamless and up-to-date as possible for tax professionals,These CPE courses address the tax implications of recent pronouncements that affect millions of Americans and U.S. businesses, and we know each will be extremely useful to our clientele." Nick Spoltore, Surgent's vice president of strategic content development. Surgent released a course addressing the initial impacts of the IRA immediately after it was passed in August 2022. This second course is distinct in that it addresses new details about tax credits that have largely emerged in the months following the IRA's passage.The IRA contains several changes to auto and energy-related tax credits, including some that are new and others that have been renamed. Many, if not most, of these credits reduce the cost of individual and business-related expenses. Surgent's AEC2 course covers the mechanics of the new and revised energy-related credits, such as for energy-efficient commercial vehicles, household-related utilities and improvements, and electric cars.The second course, based on the Student Debt Relief Plan, will help industry professionals to serve as critical resources for a large segment of the U.S. population. It is estimated that 70 percent of the educated workforce will have student loans in the coming years.The SLR2 course will thoroughly examine the Student Debt Relief Plan. Course discussion will also include the importance of year-end tax advice, especially for 2022, due to the Jan. 1, 2023, repayment restart and the income certification requirement; action plans for each student debt relief process; automation of IRS data into the various Department of Education systems; and much more.There is a growing need for tax professionals to better understand the intricacies of student loan debt relief as the IRS and Department of Education are automating this information process starting in mid-2023," said Spoltore. "This course will help practitioners digest the vital tax implications of student loan repayment and college funding, for both employers and employees. Each two-hour course is worth two CPE credits. Learn more about AEC2 and SLR2 and register today. About Surgent Surgent Accounting & Financial Education, a division of KnowFully Learning Group, is a provider of the high-impact education experiences that accounting, tax and financial professionals need throughout their careers. For most of the company's 35-year history, Surgent has been a trusted provider of the continuing professional education (CPE), continuing education (CE) and skill-based training that professionals need to maintain their credentials and stay current on industry changes. More recently, Surgent became one of the fastest-growing certification exam review providers, offering adaptive learning-based courses that help learners pass accounting and finance credentialing exams faster. About KnowFully KnowFully Learning Group provides continuing professional education, exam preparation courses and education resources to the accounting, finance and healthcare sectors. KnowFully's suite of learning solutions helps learners become credentialed, satisfy required credit hours to maintain credentials, and stay informed on the latest trends and critical changes in their industries over the course of their careers. The company provides exam preparation and continuing education for accounting, finance, and tax professionals under the Surgent Accounting & Financial Education brand. KnowFully's healthcare education brands include CME Outfitters, CE Concepts, PharmCon, The Rx Consultant, ChiroCredit, IA Med, EMT & Fire Training Inc., Psychotherapy.net and American Fitness Professionals & Associates.

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