Top 10 EdTech Capital Raises in the U.S. – October 1st-15th, 2024
Several interesting transactions closed in the EdTech sector this week. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Merger/Acquisition and Corporate
- PowerSchool Group, a provider of cloud-based software to the K-12 education market, was acquired by Bain Capital, Vista Equity Partners and Onex, through a $5.6 billion public-to-private LBO.
- OffSec, provider of professional and workforce development, training, and education services, was acquired by Leeds Equity Partners through an LBO.
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Loom, developer of a health education platform intended to educate on topics from periods to parenting, was acquired by Perelel.
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EastBanc Technologies, provider of cutting-edge technology software solutions, was acquired by Solvd , via its financial sponsor Siguler Guff, through an LBO.
Early Stage VC
- Pete Learning, developer of an artificial intelligence-powered learning platform, raised venture funding from BlueWave Resource Partners.
- Curio XR, developer of virtual classroom application intended for students from ten years old through college, raised venture funding from Learn Capital.
Angel, Seed, and Grant
- dabbL, developer of an AI-powered comprehensive personalized college and career guidance platform, joined Blue Startups as a part of Cohort 16 and received $25,000 in funding.
- ParaAI, developer of an artificial intelligence writing tool designed to improve writing, company joined Dirigo Labs. No equity or funding was exchanged as a result of this program.
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tapouts, provider of e-learning services intended to teach young people skills they don’t learn in school, raised $3.2 million of seed funding from Tatler, EBM Capital and M Venture Partners, putting the company’s pre-money valuation at $16.8 million.
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Afterschool HQ, developer of a youth program management software designed to connect youth with engaging after-school and summer learning programs, raised $1.15 million of Seed-5 funding from Elevate Ventures, putting the company’s pre-money valuation at $11.7 million.
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Dominic Cipollone
Managing Director
Financial advisor for Morgan Stanley. Led seminars on investing and creating wealth. Met with small business owners to develop employee retirement plans. Advised clients on appropriate asset allocation investment strategies using the Dow 30. Over thirty years in the NYC Department of Education, including as Principal of one of the most challenging middle schools in the poorest districts in the country. Used educational-tech and targeted data to turn the school around. School was named a model for attendance improvement. Supported over two hundred school leaders. Believes ed-tech will reinvent how education is delivered and received. Masters of Science from Fordham University in Educational Leadership. Masters of Science from Iona College in Educational Technology. Bachelor of Arts from New York University in Political Science. FINRA Series 7, 63, and 79 licenses.
- Email: dcipollone@castleplacement.com
- (C) (203) 297-5089
 Dominic CipolloneManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: dcipollone@castleplacement.com
(C) (203) 297-5089
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
