<div>
  <p>
    &lt;ul&gt;&lt;li&gt;EarlyBird, the developer of a game-based early literacy assessment platform, raised USD 3.5 million in a funding round led by Lobby Capital. As a result of the investment, David Hornik, founding partner at Lobby Capital, will join EarlyBird&rsquo;s board of directors. The round follows its USD 1.5 million 
    <a href="https://sp-edge.com/updates/2061">
      seed
    </a>
     funding round in May 2021.&lt;/ul&gt;
  </p>
  <ul>
    <li>
      <p>
        The funds will be used to deploy its platform across schools nationwide and to gather market insights.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20220111006052/en/EarlyBird-Education-Raises-Funding-from-Lobby-Capital-for-Game-Based-Pre-Literacy-Assessment">
      Press release
    </a>
  </p>
</div>


EdTech: K-12

EarlyBird raises USD 3.5 million in funding

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 <p>Pearson, a UK-based education provider, has revealed plans to initiate three new Connections Academy online public school programs in California, Missouri, and Pennsylvania. These programs are scheduled to be launched in the 2024–2025 academic year with an aim to offer free K-12 education to students through an online platform. The curriculum offered will be state-aligned and deliver personalized educational support to aid the students in their learning journey.</p>
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Pearson announces new Connections Academy online public school programs in three states

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 <p>GoStudent, an online tutoring platform, regained its profitability after suffering significant losses in 2021 and 2022. The company was able to achieve a positive EBITDA and operating cash flow globally. This financial recovery was due to rapid scaling and restructuring, which included layoffs and cost-saving initiatives.&nbsp;</p>
 
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GoStudent achieves profitability after rapid scaling and major cost cuts

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 <p>Byju's, an educational company, has confirmed that 262 of its centers are entering their third year of operation, contradicting rumors of their closure. Earlier reports speculated that Byju's was planning to shut down 200 out of its 300 national centers in a bid to cut costs, but the company has denied these claims. Byju's aspires to set new benchmarks in hybrid learning through a blend of online and offline modes.</p>
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Byju's clarifies rumors on tuition center shutdowns

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 <p>Accelerate Learning collaborates with CloudLabs to offer CloudLabs Virtual STEM, an educational tool featuring over 600 gamified simulations and 135 learning units across STEM fields. The simulations provide immersive virtual lab experiences for students, exploring real-world challenges. CloudLabs Virtual STEM can be integrated into Accelerate Learning's STEM curricula or used independently.</p>
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Accelerate Learning and CloudLabs collaborate to enhance STEM education through virtual simulations

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 <p>In light of a liquidity problem and investor disagreements, Byju's has chosen to shut down all its offices except for the Bengaluru headquarters. This shift towards remote work is a part of the company's strategic plan to navigate through its financial challenges.</p>
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Byju's shuts offices in response to impending liquidity issue

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 <p>Lingoda, an online platform for learning languages, has launched a new service called "Lingoda Teams." This new feature allows for a more personalized online language education experience by connecting students with native-speaking teachers and fostering a sense of team spirit among learners. To begin with, Lingoda plans to offer German classes and will eventually cover other languages and proficiency levels.</p>
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Lingoda introduces Lingoda Teams for personalized online language learning

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 <p>Byju's recently had a fully subscribed rights issue worth USD 200 million, even with existing tensions with main investors like Prosus and Peak XV. Attempts from some investors to remove the founder were nullified by a court ruling. The company plans to restructure its board and introduce independent directors.</p>
</div>

Byju's USD 200 million rights issue fully subscribed amid complex investor dynamics

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 <p>Incident IQ has revealed that Cove Hill Partners, an investment firm, will collaborate with JMI Equity and Incident IQ's founders and management team. This partnership aims to accelerate the company's product progression and boost its market leadership in providing cloud-native solutions to school districts across the US.</p>
</div>

Incident IQ secures strategic investment to accelerate growth in K-12 market

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 <p>CentralReach has bought Silas, a company specializing in social and emotional learning programs for PreK-12 education. This purchase will help to broaden CentralReach's services by incorporating Silas' CASEL-aligned assessment tools into its platform.</p> 
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CentralReach acquires SEL provider Silas to expand PreK-12 education solutions

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 <p>Savvas Learning Company has acquired Outlier.org, an EdTech startup offering college-level courses, in a move to give high-school students the opportunity to access online dual-credit courses. Outlier.org is renowned for its wide-ranging offerings of online courses at the college level, characterized by the seamless blend of cinematic video content and instruction from expert professors.</p>
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