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 articlehttps://testprepprofessionals.com/k-12-dealmaking-betterlesson-raises-funds-instructure-makes-acquisition/Test Prep Business Articleseducation,k12,test prep,tutoringBy 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...Kevin OrganisciakKevin Organisciakinfo@testprepprofessionals.comAdministratorTest Prep & Tutoring Professionals (TPP) began as a PR clipping service through Linkedin. TPP quickly gained momentum and became a niche consulting service to small and medium sized tutoring, test prep, and admissions consulting firms. We've been around for just over 6 years. Our founder, Kevin Organisciak, spent ten years as a senior executive with Kaplan Test Prep. He earned distinctions and awards, culminating with his induction to the Kaplan Fellows, President's Circle, and Kaplan Leadership Development Program. During his tenure, Kevin worked on over 120 marketing campaigns, drafted 150 budgets, oversaw a Six Sigma operating environment, and trained and developed over fifteen now VPs and Senior Directors. That last piece is what led Kevin to coaching and consulting.The Association for Test Prep, Admissions, and Private Tutoring Professionals