SEMCAP Education | February 25, 2022
Seminal Capital Holdings, LLC announces the formation of SEMCAP Education and a strategic, exclusive partnership with ASU Enterprise Partners, the private nonprofit that creates solutions and generates resources to extend the reach of ASU and advance its charter. The two organizations will collaborate on private investments in education and education technology companies with strong use-cases for the university.
SEMCAP is an impact investment manager founded by Buck Buckley and Cyrus Vandrevala. “Investments in education and skills training are proven pathways to improved social outcomes such as consumer health, wealth, life expectancy and overall happiness. SEMCAP Education is already backing world-class companies such as Noodle Partners and McGraw Hill. We’re so pleased to invest in the seminal trends driving this sector, and partnering with ASU EP strengthens both organizations,” says Buckley.
“Partnering with knowledgeable capital allocators such as SEMCAP Education enables Edtech companies in our portfolio growth opportunities.”
ASU Enterprise Partners CEO Dan Dillon
“The SEMCAP Education team is a unique combination of experienced educators, company founders, administrators, investors and regulators with global networks across the sector,” Buckley continued. Chuck Trafton and Vince Menichelli, Managing Partners of SEMCAP Education, are supported by a team of frontline leaders transforming education worldwide, including Jared Carney of Lightdale, LLC and formerly of the Milken Institute and Knowledge Universe, Chris Nagle of Holmes Education Group, Joe Ferguson of Charter School Growth Fund, and Cindy Morgan of Penn Medicine.
ASU Enterprise Partners’ Samantha Bradley is joining the SEMCAP Education Advisory Board, which is chaired by Jo Johnson, the former UK Minister of State for Universities, Science, Research and Innovation, and includes Harry Keiley-Chairman of CalSTRS, the California State Teachers' Retirement System. “Under the leadership of its President, Dr. Michael Crow, ASU has pioneered the application of technology to learning and the widening of access to world-class education. We’re proud to collaborate with a true education innovator on investments in our collective future,” Johnson commented.
Bradley serves as managing director of RealmSpark, the business unit of ASU Enterprise Partners that facilitates the capital investments necessary to fuel a strategically managed portfolio of EdTech ideas and innovation in support of Arizona State University.
Bradley stated, “ASU Enterprise Partners and SEMCAP Education are teaming up to provide the best-positioned growth companies access to value added capital. Together we can help drive the innovation and growth required for ASU to fulfill its mission.”
About SEMCAP Education
SEMCAP Education identifies and backs entrepreneurs who are transforming the future of education and scaling technologies that improve access, affordability, and quality. We invest growth equity in category-leading and category-making education and education technology companies that drive transformation for students, teachers and taxpayers from Pre-K through adult learning. Led by a highly skilled investment team with deep operating and investing experience in education and education technology, the team provides unique deal insight and support for strategic partnering and enhanced growth.
About ASU Enterprise Partners
ASU Enterprise Partners is a private, nonprofit organization whose mission is to create solutions and generate resources to extend Arizona State University’s reach and advance its charter. ASU Enterprise Partners supports ASU through resource raising, realty development, technology transfer, collaborative research and acceleration of ed tech innovations in support of universal, lifelong learning at ASU. Its business units and strategic alignment partners include the ASU Foundation, ASURE, Enterprise Collaboratory at ASU, RealmSpark, Skysong Innovations and University Realty.
Everspring | March 02, 2022
Everspring, a leading provider of higher education technology solutions and services, announces a new partnership with the Milwaukee School of Engineering (MSOE) to support the strategic expansion of its online educational offerings. Everspring will support MSOE university-wide with market research, supplemental course development, and marketing services to grow program enrollments while preserving the university's unique applied learning methodology.
MSOE offers a range of undergraduate and graduate degrees, as well as certificate programs, primarily in engineering, business and nursing. The university is known for its hands-on, experiential learning methodology that emphasizes practical application. Courses are highly collaborative, and students receive strong personal attention from faculty. In developing its online courses and programs, the university sought a partner who could preserve this highly interactive academic approach.
"We are excited to launch our partnership with Everspring and grow a suite of online programs that align with our institutional mission to provide students engaging, experiential learning. We are building on our foundation of strong enrollment. And with this partnership, we can expand and translate our academic approach into online and hybrid modalities, enabling us to educate in innovative ways."
Eric Baumgartner, executive vice president of academics at MSOE
Everspring's market research will identify the best opportunities for online growth based on workforce trends and other data, helping the university prioritize which online programs to grow and where to focus for new initiatives. With Everspring's marketing support, MSOE will expand its reach and grow online enrollments with highly qualified students.
"MSOE has a great set of high-quality programs and numerous opportunities for growth," said Beth Hollenberg, president and co-founder of Everspring. "Everspring is excited to partner with MSOE to help them set a roadmap for their future growth and thereafter support them to build and scale exceptional online and hybrid programs that embody and reflect the university's academic ethos," said Beth Hollenberg, president and co-founder of Everspring.
About Milwaukee School of Engineering
Milwaukee School of Engineering is the university of choice for those seeking an inclusive community of experiential learners driven to solve the complex challenges of today and tomorrow. The independent, non-profit university has about 2,800 students and was founded in 1903. MSOE offers bachelor's and master's degrees in engineering, business and nursing. Faculty are student-focused experts who bring real-world experience into the classroom. This approach to learning makes students ready now, as well as prepared for the future. Longstanding partnerships with business and industry leaders enable students to learn alongside professional mentors and challenge them to go beyond what's possible. MSOE graduates are leaders of character, responsible professionals, passionate learners and value creators.
Everspring is a leading provider of education technology and services solutions for higher education. Our advanced technology, proven marketing approach, and robust faculty support and instructional design services deliver outstanding outcomes for our university partners, powering their success online. Everspring offers a range of full-service turnkey solutions, as well as standalone fee-for-service offerings, and innovative self-service products that enable universities to establish themselves as leaders in the digital delivery of higher education. Based in Chicago, Everspring serves a growing number of colleges and universities, nationwide.
Riiid | October 23, 2021
Riiid, a leading AI for education (AIEd) solution company, and BasicFirst Learning, a personalized e-learning platform based in India, signed a partnership agreement to deliver AI-driven education. By integrating Riiid's AI solutions into BasicFirst Learning's online tutoring platform, the partnership will offer a new level of personalized learning experiences for students in the region. Riiid has been a member of Born2Global Centre since 2016.
Under the terms of the agreement, two parties will develop an AI-powered test-prep solution for JEE (Joint Entrance Examination) and NEET (National Eligibility Entrance Test), an admissions exam for various technical and medical undergraduate programs across India with over three million test-takers annually. The solution will be accessible through the web, iOS, and Android. In the process, BasicFirst Learning will provide contents, key features, and specifications for the product, while Riiid will provide Al modeling components, such as score prediction and content recommendation, as well as AI algorithm pre-training capabilities. When combined, those components are expected to exert a vast amount of synergy, generating high learning efficacy and personalized learning paths for the users.
According to HolonIQ, a global education intelligence platform, India is "an education giant to watch" and is expected to dethrone China as the most populous country on earth by 2022 with more than 1.5 billion residents. Since India's economic growth and development are expected to rely heavily on the education sector, this partnership can serve as a catalyst for capturing enormous opportunities in the Indian education market.
"We are thrilled to enter into a partnership with BasicFirst Learning because when AI meets the right platforms, powerful things happen. Because BasicFirst Learning is well aligned with us on the mission of democratizing education for everyone and its learning platform has a strong reputation among local users, we expect our collective efforts to make a major leap in providing personalized learning experiences. We believe this partnership also has a potential to generate a great deal of market opportunities in India."
David Yi, CEO of Riiid Labs
Elaborating on the partnership, Randhir Kumar, Founder & CEO, BasicFirst Learning said, "We are excited to be entering into an innovative and industry-first partnership with Riiid Labs to provide AI-enabled test assessment solutions to students. Every year over three million students appear for JEE, NEET exams in the country, therefore we are focusing on bringing solution that is student-centric and bring innovation to the current education system. Aligned with our commitment to offering a holistic learning experience, this partnership aims to offer students a one-of-a-kind personalized, focused, and result-driven experience. Our AI-powered learning mechanism is a step towards improved future of students and brings competitiveness among the industry peers".
BasicFirst Learning is a personalized e-learning platform in India started by the country's top education professionals and experts in 2017. The company has made quick penetrations in a number of markets including US, UAE, Singapore as well as its home turf in India.
Riiid's proprietary AI technology analyzes student data and content, predicts scores and user behavior, and recommends personalized study plans in real-time to help students optimize their learning potential. The company provides solutions for K-12 education, postsecondary education, and corporate training in more than 10 countries across the globe.
Headquartered in Korea, Riiid is a global leader in AI solutions for education, backed by more than $250 million (USD) in funding and named to the 2021 CB Insights AI 100 list of the most innovative AI startups. Leveraging the power of AI, the company is driving a paradigm shift in education with technology that personalizes instruction for all students, with the aim of democratizing quality education anywhere in the world. The company provides solutions for K-12 education, postsecondary education, and corporate training. As a leading force in AI technology, Riiid has published research papers at top AI conferences including NeurIPS, CSEDU, and LAK. The company has applied for more than 103 patents, 27 of which are registered. In 2020, Riiid established the company's global arm based in Silicon Valley, California, to expand its business across the U.S., South America, Middle East and beyond.
About BasicFirst Learning
BasicFirst Learning, founded in 2017, is a personalized live e-learning platform enabled with Artificial Intelligence (AI), Machine Learning (ML), and Data Analytics for enhanced adaptive learning. Started by the country's top education professionals and experts, BasicFirst provides personalized academic support and high-quality mentor-based content to the students situated at the remotest locations across India. To empower students with the confidence, BasicFirst helps them build a strong scholastic foundation through live one-on-one & one-to-many interactive learning modules, online doubt clearing sessions, and multiple revision rounds. The affordable e-learning platform offers targeted courses for JEE, AIIMS, NTSE, NEET, and Olympiads along with courses for students of classes 6th to 12th. BasicFirst consists of over 150+ experienced teachers/instructors from India's top institutions/ schools that are available for all education boards across the country in all languages including local languages, providing quality education to more than 20,000 students spread across tier 1, 2 & 3 cities in India.
About Born2Global Centre
Born2Global Centre is a full-cycle service platform for global expansion. Since its inception in 2013, Born2Global has been setting the standard for successful startup ecosystem as the main Korean government agency under the Ministry of Science and ICT. Born2Global has expanded and transformed startups to be engaged, equipped and connected with the global market.