GoStudent Raises $340M Series D funding round as it pushes into international markets

Fresh from raising a $244 million Series C (that valued the company then $1.7 billion) back in June, K12 online tutoring marketplace GoStudent has now raised a $340 million Series D round led by new investor Prosus, an Amsterdam-based investment firm best known for investing in Latin American and US-based LatinX internet properties. GoStudent expanded […]

Target Global leads $3.5M pre-seed in Nigerian online learning platform Edukoya

For years, offline test preparation centers in Nigeria have provided after-school guidance and tutoring to students who seek to pass entrance examinations. Edtech platforms such as Edukoya have sprung up with the intent to take these models online and maintain affordability for students. Today, the Lagos- and London-based startup, which builds online education content and […]

Student media giant Chegg acquires language learning startup Busuu for $436M

Chegg, the NYSE listed student media learning platform is acquiring Busuu, the online language learning startup established in Europe in 2008, for approximately $436 million (€385 million) in an all-cash transaction. At its exit Busuu had raised only $16.1m in total, a tiny amount even I in European terms, and testament to the sheer grit […]

China’s expected edtech clampdown may chill a key startup sector

News that China’s government may force domestic tutoring-focused companies to go nonprofit is taking a huge bite out of the value of several technology companies. Bloomberg notes that the value of companies like New Oriental Education & Technology Group and TAL Education are tumbling in light of the news, which would constitute merely the latest […]