How Will Coronavirus Impact Education Technology Investments in 2020?

edsurge | March 18, 2020

With coronavirus cooping people up in their homes and disrupting businesses across every industry, buckle down for leaner times. Conserve cash. Reduce spend. That’s the message that Sequoia Capital, one of the most active venture capital firms in the business, expressed in a note to its portfolio on March 5. On the flip side, investors like Sequoia have plenty of “dry powder,” the industry parlance for cash on hand. According to PitchBook, private equity firms are sitting on $2.4 trillion. Axios reported that venture firms have cumulatively raised $100 billion over the past two years, and many are “open for business” and actively investing. Count education-focused firms among them. Several established U.S. groups, including Owl Ventures and Rethink Education, raised new tranches of money in the past year; Reach Capital is planning to raise its third fund. New groups have emerged, too, including Achieve Partners and two separate funds from Western Governors University.

Spotlight

High-quality early childhood education makes a significant difference to improving outcomes for all children, with particular benefits for children from disadvantaged backgrounds. Investing in quality early childhood education provides major social and economic returns. The research demonstrates that the positive impact begins at school and continues beyond school, with social and educational benefits multiplying throughout a person’s life.

Spotlight

High-quality early childhood education makes a significant difference to improving outcomes for all children, with particular benefits for children from disadvantaged backgrounds. Investing in quality early childhood education provides major social and economic returns. The research demonstrates that the positive impact begins at school and continues beyond school, with social and educational benefits multiplying throughout a person’s life.

Related News

EDUCATION TECHNOLOGY

CLASS101 Announces the Global Consolidation of Its Subscription Service, CLASS101+

CLASS101 | December 08, 2022

CLASS101 (CEO Daisun Kong), South Korea's #1 online class platform, today announced the global consolidation of its subscription service, CLASS101+. In a phased rollout that had begun in August 2022, CLASS101+ had become available on three separate platforms – English, Japanese and Korean. Now, all three will begin sharing each other's class offerings via a globally-integrated product. This latest development is set to accelerate CLASS101+'s foray into the global online learning market, bringing its fast-growing number of subscribers and its 130,000+ registered creators all the closer. Breaking down language barriers is necessarily the most important key to success, and to this end CLASS101 is embracing Neural Machine Translation (NMT). Using this state-of-the-art technology, the company plans on gradually making available its 4,000+ classes across all its subscription platforms together with AI-generated subtitles in English, Japanese, and Korean. CLASS101's new language capabilities are unparalleled domestically, and so is its ability to internalize innovations in personalization and localization. Leveraging both the previously accumulated data and the expanded catalog of classes on offer, the company is actively honing its algorithm to deliver more accurate class recommendations on CLASS101+. Its machine translation capacity is being put to use for all aspects of UI localization, too. Together, these attempts aim to present a more personally gratifying learning experience to each and every subscriber. "CLASS101 aspires to build a world where people live doing what they love, and the consolidation of our subscription platforms and class content is a momentous step toward achieving our vision on a global scale, The number of subscribers from South Korea has been on the rise, and we're confident that our enhanced ability to serve global users would help us attract more learners from Asia, Europe and the United States. For all intents and purposes, CLASS101+ is now a wholly globalized service, and our hope is for both our subscribers and creators from around the world to inspire one another and discover new and unexpected possibilities for growth and development." Daisun Kong, CEO of CLASS101. CLASS101, in fact, has a proven track record of producing content that could reach a global audience. In the past, classes from such famed South Korean creators as InHyuk Lee and Lia Kim (from ONE MILLION Dance Studio) had been translated from Korean into English and Japanese. These translated versions ended up accounting for about 36% of the revenue generated outside South Korea. An even stronger case in point is the fact that a number of classes produced abroad and taught in English were purchased in South Korea without translation. Precedents like these indicate that the sheer desire to learn new skills, hobbies and knowledge has no boundaries, be it lingual or geographical. It goes without noting that CLASS101+ has a truly exceptional roster of internationally-acclaimed creators. Yehuda and Maya Devir, married Israeli comic artists, share how to create webcomics as enthralling as theirs, which have led to their building a community of more than 9 million followers. Kathy Nakajima is a pioneering Hawaiian quilt designer and a renowned media personality in Japan. Hisanori Yoshida, an announcer and an award-winning radio host, teaches effective communication skills. David Yungin Kim is a world-class audio engineer and a three-time Grammy winner who has recently released a class on song mixing. In its fully-evolved form, CLASS101+ will be offering 4,000+ classes in 3 different languages (English, Korean and Japanese) in 25 categories, including digital drawing, crafts, photography, and fitness. For $19.99 per month, subscribers can access them anytime, anywhere.

Read More

ONLINE EDUCATION

GoReact expands into K-12 education market with video feedback platform for districts and teachers

GoReact | November 17, 2022

GoReact today announced its expansion into the K-12 education market and the availability of its video feedback platform for school districts across the U.S. The formal expansion comes after a limited pilot with select school districts, which used GoReact’s platform to support teacher growth and development. “Our platform has become a standard part of the higher education tech stack over the last decade, especially in new teacher development, and we’re thrilled to extend the benefits of our platform to K-12 districts nationwide,We all need to do more to support the incredible teachers shouldering ever-heavier burdens. GoReact empowers districts to better support teacher induction, growth and development.” Ken Meyers, GoReact’s founder and CEO. GoReact’s proprietary video feedback platform will help K-12 school districts offer teachers more support through: Supporting induction programs by enabling new teachers to increase practice, model instruction, and receive targeted and visual feedback. Fostering professional learning and development by tailoring feedback and empowering teachers to set measurable goals. Onboarding unlicensed tutors and teachers of record by expediting time to proficiency with video observation. Encouraging self-reflection by empowering teachers to watch videos of themselves teaching. Engaging in teams through PLC collaboration on practices prioritized by the school or district. Improving instructional leadership to maximize the educational impact of every minute spent in the classroom. I love GoReact for teacher observations,” said Ann Stark, Mentor Teacher at Foothill Consortium California Teacher Induction Program.Having our beginning teachers actually see themselves teaching and then getting to provide comments on their areas of strength or growth is very powerful. With entry into the K-12 sector, GoReact is planning a comprehensive product roadmap geared toward the unique and evolving needs of K-12 education. GoReact already provides data security safeguards, including compliance with FERPA and COPPA, for its best-in-class video feedback platform. GoReact also integrates with all LTI-compliant learning management systems. About GoReact GoReact is reshaping education by humanizing and accelerating skills-based learning. More than 800 colleges, universities, and K-12 districts worldwide use GoReact to facilitate scalable video observation, coaching and assessment for rapid skill development. With simple, interactive tools for collaborative learning and personalized feedback, GoReact helps all learners demonstrate skill competency with greater human connection and engagement.

Read More

EDUCATION TECHNOLOGY

Wesleyan University Join Hands with Global edX Partner Network

edX | January 17, 2023

edX, a prominent global online learning platform from 2U, Inc., announced Wesleyan as the newest member of the worldwide edX partner network, joining hundreds of other elite institution dedicated to expanding access to the world's finest education. In 2023, the institution intends to launch various Massive Open Online Courses (MOOCs) on edX.org. Michael S. Roth, Wesleyan President, said, "Wesleyan has long been a champion of educational innovation. We believe in expanding access to education by sharing versions of our classes with the wider world." He also added, "Our partnership with edX gives us the ability to grow our online offerings, bringing creative and diverse programming to more than 46 million learners around the globe." (Source – Cision PR Newswire) Wesleyan, as a top-ranked liberal arts university, aims to deliver a liberal arts education characterized by boldness, discipline, and practical idealism. In recent years, the university has worked hard to pursue its mission beyond the borders of the Middletown campus, encouraging more individuals worldwide to join its lifelong learning network. President of Partnerships at edX, Andrew Hermalyn, said, "Wesleyan and edX are mission-aligned with the goal of making the world's best education available to everyone." He also said, "We look forward to collaborating with the university to create accessible, affordable courses that integrate Wesleyan's distinctive approach for blending disciplines together in a unique way." (Source – Cision PR Newswire) About edX edX is a global online learning platform that exists to assist learners all over the world in unlocking their full potential. Harvard and MIT founded edX in 2012 to make the world's best education accessible to everyone. Today, as a 2U, Inc. company, it connects over 46 million aspirational learners with the skills, knowledge, and support they need to achieve their goals. In collaboration with the world's leading universities and businesses, the platform provides thousands of free and open courses, professional certificates, boot camps, credit-bearing micro-credentials, and undergraduate and graduate degrees.

Read More