While venture capitalists they are pouring financing in startup edtech, the flow of interest does not come without pressure.
Edtech companies are looking for new ways to exploit a growing market. As well as Hero of course co-founder Andrew Graeur put on, the target for its Q&A platform went from reaching one million subscribers to “several million” as a result of the COVID-19 pandemic.
One way that edtech companies are approaching these unprecedented times is to raise awareness rounds that are specifically aimed at attacking strategic partners around the world. The approach of trade equity for a chance at globalization is neither rare nor good, but it comes with new weight given the boom in the sector.
Today, ApplyBoard it has closed a $ 55 million extension round for its C-Series, which now totals $ 130 million. ApplyBoard helps international students to search and apply to universities and colleges around the world. She wants users to think of her as one Common app for international students, which serves as an undergrad university application.
A spokesman for the startup – which has become an increasingly valued unicorn $ 1.4 billion in May – says the round has not changed its assessment. Instead, the funding was “less about the funding, and more about the partners we were able to bring on board because of the outcome”.