This article offers more information about part four of my annual review of the year-in-ed-tech. Here are some of the details about who’s investing in learning management systems.
None of the major technology platforms acquired any education companies this year.
Their investments this year include:
- The computer refurbishing company Neverware, which raised $6.5 million from Google Ventures
- The coding bootcamp Andela, which raised $40 million from Google Ventures, Salesforce Ventures, and the Chan Zuckerberg Initiative (along with Spark Capital, CRE Venture Capital, TLcom Capital Partners, VentureSouq, DBL Partners, and Amplo)
- The tutoring company Cuemath, which raised $15 million from CapitalG (formerly Google Capital, along with Sequoia India)
- Game-based learning company Kahoot, which raised $10 million from Microsoft Ventures (along with Creandum and Northzone)
- Job placement company Viridis Learning, which raised an undisclosed amount of money from Salesforce Ventures (along with Thayer Ventures)
(I have not included all of Mark Zuckerberg’s investments via the Chan Zuckerberg Initiative in this list. You can see details about his investment portfolio – or what we know, at least – here. Nor have I included the Gates Foundation’s investments. I will address both of these in a subsequent article in this series.)
The tech giants did fund many other initiatives through grants and gifts. And I haven’t kept good track of that. Google, for example, funded scholarships at Udacity. It’s also spending money to train computer science teachers in the UK. Oracle opened a public high school on its campus. I’ll do better keeping track of this next year…