Crowdfunding has become a valid choice for edtech entrepreneurs who look for funding but don’t want to necessarily raise money from angels or VCs. Sure, before you get this kind of funding you need to have a crowd, a classic chicken and egg problem many projects have to face.
On the other hand, we have seen crowdfunded projects that turned into VC backed companies thanks to a product that captures the imagination of the crowd like the robotics startup Play-i.
TSL Education, the UK-based teacher network announced the acquisition of US-based Wikispaces at SXSWedu today. This is the first acquisition by TSL Education since it was acquired by TPG Capital for £400 million last year.
Together the two platforms become the world’s largest single profession network, serving 1.4 million K-12 teachers in the US alone. TSL currently has 3.3 million registered users. Terms of the deal have not been disclosed.