K-12 Dealmaking: BetterLesson Raises Funds, and Instructure Makes Acquisition

By Alexa Henry (Edweek).

One of the the biggest pieces of recent dealmaking news was Pearson’s sale of Wall Street English, a major program for teaching English to adults, to a consortium of buyers. But that was not all. Professional development platform BetterLesson and China-based English language learning company ALO7 raised funds. In addition, VitalSource and Instructure announced acquisitions.

BetterLesson Raises $10 Million: BetterLesson, a Cambridge, Mass.-based provider of a personalized professional development platform, has raised $10 million in a Series B funding round led by Owl Ventures.

This funding “will allow the company to scale its flagship virtual coaching program for K-12 teachers at a critical time, as classrooms are adapting to an evolving educational and economic landscape,” the company said in a statement.

Other funders investing in this round include existing investors Michael and Susan Dell Foundation, New Markets Venture Partners and Reach Capital, an education focused venture capital fund, whose General Partner Jennifer Carolan will retain her seat on the BetterLesson Board of Directors. Read the full article