Silicon Valley Turns Its Eye to Education
The education technology business is chock-full of fledgling companies whos innovative ideas have not yet proved effective – or profitable. But that is not slowing investors, who are pouring money into ventures as diverse as free classroom-management apps for teachers and foreign language lessons for adult learners.
Venture and equity financing for edtech companies soared to nearly $1.87 billion last year, up 55 percent from the year before, according to a new report from CB Insights, a venture capital database. The figures are the highest since CB Insights began covering the industry in 2009. Read More