Former MOOC turned tech education platform Udacity raised a $105 million Series D, valuing the company at $1 billion. German media, services and education company Bertelsmann increased its stake significantly, making it one of the largest shareholders in Udacity.
Udacity partners with tech firms like Google, Facebook and Amazon to develop so called Nanodegrees that train employees specific tech skills needed for different jobs in the technology sector.
In September Bertelsmann combined its education activities into a separate business unit, Bertelsmann Education Group. Earlier this month Bertelsmann invested $230 million in HotChalk.
Bertelsmann continues to expand its education portfolio. The media, services and education company announced that it will invest $230 million in higher education solutions provider HotChalk. Through the investment Bertelsmann will become the largest stockholder of the company.
In September Bertelsmann combined its education activities into a separate business unit, Bertelsmann Education Group.
HotChalk provides universities with the tools to bring their degree programs online. Founded in 2004, HotChalk raised a $5 million venture round in 2008.
One month after participating in Udacity’s $35 million Series C, German media company Bertelsmann takes another step to strengthen its e-learning portfolio as it announced the acquisition of Relias Learning from private equity firm Vista Equity Partners for an amount in the mid-hundreds of millions USD.
For episode 6 of On the Ed, two of our EDUKWEST editors, Alicia Chang and Chris Dawson, joined me to talk about the important stories in education technology of the week.
We start in the episode with our block of K-12 stories. Alicia and Chris discuss whether teaching with the help of audio books actually makes sense from an educational point of view and what group of students might benefit most from such a teaching concept.
Bertelsmann, an international media company based in Germany, announced that it will raise a €30 million ($43 million) education technology fund in partnership with Brazilian investment company Bozano Investimentos.
Bertelsmann holds a 30% stake in the BR Education Ventures Fund, Bozano Investimentos serves as the fund’s manager. A first closing in the amount of nearly €20 million has already been completed.