Examity, the worldwide leader in proctoring and identity verification for online tests, today announced that it has secured a $21 million investment from University Ventures, an investment firm that backs entrepreneurs and institutions reimagining the future of higher education, and Inherent Group, an impact investment firm that supports companies addressing societal challenges. Examity will use the funds to expand its industry-leading online proctoring platform, which makes testing more efficient, secure, and convenient for higher education institutions and other organizations.
CampusLogic, announces the acquisition of Cegment’s Net Price Calculator (NPC) and Award Letter business. A pioneer in the NPC business, Cegment helps create transparency in higher education financing so families can better understand and assess the cost of a college degree. The integration of Cegment with the CampusLogic platform will form the only end-to-end student financial aid engagement platform designed to increase accessibility to education, reduce student borrowing, and drive down the cost of financial aid administration.
As reported by EdSurge:
AdmitHub, an edtech startup that’s creating conversational artificial intelligence (AI) to guide students to and through college, is trying to make that happen. (In fact, the conversation above was one that we had with the company’s chatbot, Oli.) Today, the Boston-based company announced it has raised $2.2 million in seed funding to develop Oli and other campus-specific chatbots, grow its team, and expand the service to more U.S. and international institutions.
First Republic Bank (NYSE:FRC), today announced it has acquired Gradifi Inc., a Boston-based student loan repayment technology platform to assist the nation's 44 million student loan borrowers.
Today, we’re excited to announce the acquisition of Qwiklabs. Founded in 2012, Qwiklabs provides hands-on lab learning environments for leading cloud platforms and infrastructure software vendors.
We recently acquired Outlearn, a seed-stage Boston-based startup backed by General Catalyst Partners. Outlearn created a technical learning publishing system designed to make it easy for subject matter experts to publish custom learning paths using existing web content and original content authored in Markdown.
Follett Corporation, a global leader in education and entertainment content distribution, today announced it has acquired Valore Inc. and the ValoreBooks marketplace solution for students and bookstores to buy, sell and rent college textbooks online. Combining the convenience of the ValoreBooks marketplace with the scope and capabilities of Follett will provide campus stores and students greater access to more affordable course material options. Terms of the transaction were not released.
Sandbox Partners announced today the acquisition of “edutainment” network FEN (Family Education Network) from Pearson, the world’s leading learning company. FEN has one of the largest integrated digital audiences of children, parents and teachers totalling 25 million visits per month.
CollegeVine, the fast-growing EdTech startup specializing in high school mentoring for college applications, has closed a $3.1 million Series A funding round led by Morningside Technology Ventures ("Morningside") with participation by New York-based University Ventures.
Morningside is a private equity and venture capital firm. Gerald Chan, its co-founder, has joined CollegeVine's Board of Directors. University Ventures is a specialty venture capital fund that exclusively focuses on promising ideas in the higher education space.