Guild Education Closes $157 Million Series D Round, Becomes Latest Edtech Startup to Hit $1 Billion Valuation

edtechreview | November 14, 2019

Denver-based Guild Education, a B Corporation certified company that focuses on creating opportunity for America’s workforce through education, has raised $157 million in a Series D funding round led by venture capital firm General Catalyst with its Chairman and Managing Director, Ken Chenault, leading the investment and joining Guild’s Board of Directors, the company has announced in a press release. Others who participated in the round include Emerson Collective, Iconiq Capital and Lead Edge, as well as existing investors including Workday Ventures, Salesforce Ventures, Next Play Capital, Silicon Valley Bank, Felicis Ventures, Bessemer Venture Partners, Redpoint Ventures, and Harrison Metal. The latest funding has made Guild, now valued at $1 billion, becomes the latest female-led as well as edtech company to hit $1 billion valuation.

Spotlight

Open education is offered by a multitude of different providers within Higher Education, and can take main forms, often blending formal, non-formal and informal education, as well as a variety of modes of provision. Credentials may take the form of certificates of participation, certificates which are valid for transfer credit in certain specific situations, ECTS and microdegrees to mention but a few options. Since different credentials may have different value in the workplace and in academia for purposes of recognition, transfer and portability, the report will introduce the concept of quality assurance of credentials whereby a high-quality credential would need to meet a set of a minimum criteria in these areas.

Spotlight

Open education is offered by a multitude of different providers within Higher Education, and can take main forms, often blending formal, non-formal and informal education, as well as a variety of modes of provision. Credentials may take the form of certificates of participation, certificates which are valid for transfer credit in certain specific situations, ECTS and microdegrees to mention but a few options. Since different credentials may have different value in the workplace and in academia for purposes of recognition, transfer and portability, the report will introduce the concept of quality assurance of credentials whereby a high-quality credential would need to meet a set of a minimum criteria in these areas.

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EDUCATION TECHNOLOGY

GenXys Partners with Manchester University for Pharmacogenomics Education

Manchester University | November 03, 2022

GenXys, the global leader in precision prescribing software with embedded pharmacogenetic (PGx) data, is teaming up with Manchester University (MU) for pharmacogenomics education. Together, GenXys and MU will help drive global awareness and education of PGx-informed prescribing decisions in support of expanding PGx adoption and pending legislation in the U.S., including the Right Drug Dose Now Act. MU, located in northern Indiana, is a leading national academic institution with a strong educational and research stream in pharmacogenetics. With on-campus, online, and dual (PharmD/MS in PGx) degree programs, as well as a Graduate Certificate in PGx, MU typically has an annual PGx enrollment of 60 to 70 students. The partnership will enable GenXys' expertise and proprietary algorithms in genomics and clinical knowledge to support the expansion of genetically informed medication review capabilities in MU's educational and research space. MU will now be able to integrate GenXys' award-winning Clinical Decision Support Systems (CDSS), incorporating PGx with other patient data points through embedded translation and interpretation in specific degree programs. This will lead to students further learning appropriate evidence-based precision prescribing options for patients, ultimately leading to better health outcomes and empowering the next generation of clinicians to seamlessly utilize PGx in patient care. As a national leader in pharmacogenetic and clinical education, Manchester University looks to partner with leading-edge technology companies that further the advancement of PGx for better health outcomes, says David Kisor, PharmD, FCP, Professor of Pharmaceutical Sciences and Pharmacogenomics, Director of Pharmacogenomics at MU. "It is recognized that more than 95 percent of the population has at least one PGx variant, and large percentages of patients receiving medications across therapeutic areas do not respond adequately with an initial medication leading to trial-and-error prescribing. Additionally, the consequences and treatments of adverse drug events may cost more than $30 billion annually in the U.S.," Dr. Kisor adds. "By formally measuring the effect of automatic PGx inclusion in CDSS tools in education as well as incorporating GenXys' precision prescribing platform into our advanced courses, we aim to produce the most knowledgeable and equipped individuals who will apply PGx optimally across healthcare settings. Integration of the precision prescribing platform offered by GenXys into the educational content of MU will accelerate the knowledge uptake of PGx in prescribing decisions for the next generation of clinicians and other healthcare professionals. "By working with a stellar academic university like MU, we are able to demonstrate the advantage of including PGx in clinical care for clinicians across different career levels ,There are so many advantages to equipping students and trainees with leading-edge tools and knowledge—the future is looking bright for precision medicine!" Bernard Esquivel, MD, PhD, Chief Medical Officer of GenXys. Auto-analysis of genetic information with other medication interaction points is helping to transform the centuries-old trial-and-error approach to prescribing to one of accuracy. PGx is all about personalized, safe, and appropriate medication options being available at any point of care. When integrated into smart algorithms with other data points, PGx is a critical part of proactive healthcare delivering precision medicine to everyone and leveling up healthcare inequality. MU is at the educational edge of changing day-to-day healthcare, and the partnership with GenXys is a model of commercial and academic integration that supports pending national legislation to provide better population healthcare, improve patient safety, and reduce healthcare costs. About GenXys Health Care Systems GenXys, with a presence across North America, provides the world's most comprehensive precision prescribing solutions with embedded pharmacogenetics to solve one of healthcare's biggest challenges: inappropriate ("trial-and-error") prescribing. GenXys' clinical decision support software suite is in use by major insurance providers, health systems, pharmacies and their pharmacogenetic labs across North America. Ongoing global clinical studies are paving the way into geographical markets to enable GenXys to realize its vision of making every prescription better with its software to increase patient safety, improve population health, and reduce healthcare costs. https://www.genxys.com/ About Manchester University Manchester University, in North Manchester and Fort Wayne, Ind., provides vibrant and transformative student experiences. Manchester University respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition.

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CORPORATE EDUCATION AND TRAINING

Varo Bank Launches "SaveUp" Financial Education Course in Collaboration with EVERFI

EVERFI | September 17, 2022

Varo Bank, the first all-digital, nationally chartered U.S. consumer techbank, announced today the launch of SaveUp, a free middle school savings curriculum designed in strategic partnership with social impact education innovator, EVERFI. The SaveUp course is the largest initiative to date of the Varo Money Power program, which includes free online financial education lessons for adults and the Russ x Varo Money Power financial education workshops for high school students designed in partnership with NBA superstar Russell Westbrook.SaveUp empowers students by providing them with the tools they need to build a strong savings foundation and will be available to 4,500 middle schools nationwide by June 2024. The course is aligned with Jump$tart National Standards for Personal Finance Education and focuses on middle school students to provide them time to learn and practice savings habits before they start to deal with more pressing financial challenges in high school and beyond. "Everyone deserves the same access to opportunity, and that starts with financial education,Through this joint initiative, Varo and EVERFI continue to advance our shared mission of expanding financial inclusion and helping young people learn the fundamentals of what it takes to build wealth for themselves and their communities. We plan to leverage this program content in the future to broaden the reach of financial education and literacy to a wider audience going forward." Colin Walsh, Founder and CEO of Varo Bank Throughout the course, students will learn the importance of saving, how to budget, how savings can help reach financial goals, and how to open a savings account. This will be accomplished through an interactive learning experience that includes: Self-guided lessons to help students develop simple, actionable strategies. Real-world scenarios that prime students for long-term behavioral change using problem-solving and self- reflection activities. Detailed score reports and offline extension activities to help teachers maximize their impact across all students. Middle school is a time of financial socialization for students as they start to develop their own values and beliefs around money," said Ray Martinez, Co-Founder and President of EVERFI. "Developing the SaveUp curriculum and bringing it to middle schools around the country, is just part of our commitment to help students, especially those in low-to-moderate income populations, build the knowledge and skills they need to achieve financial wellness and stability while providing equal access to the financial services system. About Varo Bank, N.A. Varo Bank is the first all-digital, nationally chartered U.S. consumer techbank built from the ground up, designed to make financial inclusion and opportunity a reality for all. Varo Bank is reimagining the modern banking experience and providing customers with the tools they need to build financial resilience and realize their financial power – with offerings such as Varo Believe, a secured card to help build credit, Varo Advance to help stretch hard-earned dollars between paychecks, the ability to earn cashback at 1,000 merchant locations nationwide, and a newly launched high yield savings account option, more than 38x the national average. A different kind of financial institution – Varo Bank serves everyone striving to build a better future – from those with abundance to people struggling to make ends meet. Varo has been named one of Forbes' World's Best Banks in 2022, Fast Company's Most Innovative Companies, and is on the Inc 5000 list of fastest growing companies for 2022. For more information on Varo Advance, Varo Believe, and other offerings such as Perks, visit www.varomoney.com, like Varo Bank on Facebook, and follow us on Instagram and Twitter @varobank. @2022 Varo Bank, N.A. Member FDIC. About EVERFI, Inc. EVERFI from Blackbaud is an international technology company driving social impact through education to address the most challenging issues affecting society ranging from financial wellness to mental health to workplace conduct and other critical topics. Founded in 2008, EVERFI's Impact-as-a-Service™ solution and digital educational content have reached more than 45 million learners globally. In 2020, the company was recognized as one of the World's Most Innovative Companies by Fast Company and was featured on Fortune Magazine's Impact 20 List. The company was also named to the 2021 GSV EdTech 150, a list of the most transformative growth companies in digital learning. Blackbaud, the world's leading cloud software company powering social good, acquired EVERFI in December of 2021.

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CORPORATE LEARNING SYSTEMS

Cornerstone and EdCast Accelerate Innovation for People Growth at Work

Cornerstone | September 14, 2022

Cornerstone OnDemand, Inc., a leader in adaptive HR solutions, today announced several advancements to EdCast, the industry-leading Learning Experience Platform (LXP) acquired by Cornerstone in May 2022. New skills capabilities, deepened cross-platform integrations and more intuitive insights and dashboards top the list of the latest capabilities being delivered since the acquisition to help customers improve people growth and business productivity. In the past five months, we have made tremendous strides in strengthening the connections between the EdCast and Cornerstone offerings,” said Himanshu Palsule, CEO of Cornerstone. Our priority is to deliver more value to combined customers and their users, while ensuring the EdCast LXP is still open, independent and available broadly to any organization with different learning management tools. We are invested in EdCast and bringing to life innovation that revolutionizes the learning and development market. Some of the most recent enhancements to EdCast include: Enriched User Experience: EdCast customers can now take advantage of an updated user experience across products and channels based on a new design system. The new experience provides improved user experience consistency across the platform, visual design with more modern visual identity, improved accessibility standards and more seamless connection between mobile and desktop. Enhanced Learner & Manager Dashboards: Updates to EdCast’s learner dashboard allow employees to connect to one another more intuitively, track their progress, manage their skills profiles and further personalize their learning experience. Manager dashboards provide new actionable insights with a singular view of how their teams are learning, what skills they have and at what level, and assign new relevant and timely learning content to engage them as an active participant in their team’s development. New In the Flow of Work Integrations: The next evolution of the EdCast Integrations Hub includes an enterprise-level workflow automation platform with ready-to-use connectors across a variety of enterprise applications and content providers, and the ability to create customized connectors, ensuring customers can seamlessly incorporate learning into the platforms their people are already using. This includes EdCast’s latest integration with Zoom Video Communication, Inc., which embeds learning and training tools within Zoom Meetings to drive productivity and upskilling in the flow of work. Subject Matter Expert (SME) Empowerment: The EdCast platform now offers more power to internal SMEs so they can share their knowledge and skills with others across their organization. Employees can create their own learning badges to showcase and celebrate skill development and expertise. Employees can also share certification on LinkedIn to promote their skills outside of their organization.While Cornerstone is committed to keeping the EdCast product open and platform-agnostic, the company has also invested in deeper integrations with Cornerstone's existing learning and talent solutions. Together, joint customers will have improved end-to-end content experiences for learners regardless of where they consume learning via a native inline player. A new integration between EdCast and the Cornerstone Skills Graph opens up a taxonomy of over 53,000 skills to develop skill profiles and make skill recommendations based on job roles. Following its acquisition by Cornerstone, EdCast continues to receive industry recognition for its outstanding leadership in the market. Most recently, MyGuide, the Digital Adoption Product (DAP) offering from EdCast, was recognized as a major contender in Everest Group’s PEAK Matrix for DAP Technology. "EdCast is a critical part of our product portfolio at Cornerstone, and our team is diligently focused on doing what we originally set out to do when we launched EdCast: provide the best learning experience platform on the market,The amount of integration progress we’ve made in this short amount of time is astounding, and we have long-term plans to continue at this pace of innovation and transform learning at work.” Karl Mehta, Managing Director, EdCast by Cornerstone About Cornerstone Cornerstone powers the future-ready workforce with adaptive HR solutions designed to unite technology, data and content and inspire a work environment of growth, agility and success for all. With an AI-powered, skills-forward, experiential system designed for the contemporary workforce, we help organizations modernize their learning and development experience, deliver the most relevant content from anywhere, accelerate talent and career mobility and establish skills as the universal language of growth and success across their business. Cornerstone serves over 7,000 customers and 90M users and is available in 180 countries and 50 languages.

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