i3 - September/October 2016 - 12

Tech
C 4 T R E N DS

Reimagining Education
Q2 Big Deals:

Online Learning and
Training Platforms
The $150 million private
equity round led by
Iconiq Capital was the
largest EdTech deal in
Q2 2016. This company
provides early childhood
learning software called
ABCmouse.com.
It led a $60 million
Series D funding in June.
Udemy's platform lets
experts in any topic
create and sell online
courses with 40,000 currently in 80 languages.

The big question in EdTech is how
society views digital technology within
the context of 'schooling' and how educators will use it to teach. It is catalyzing
a massive wave of upheaval across the
educational landscape, including learning
management, school administration,
curriculum production and next-gen
schools. EdTech is also starting to disrupt
early childhood education, online learning
platforms, test preparation and next-gen
study tools - as well as enterprise, tech and
language learning.
With many U.S. post-secondary students
needing remedial-level instruction when
entering college, according to McKinsey,
EdTech is viewed as democratizing
12

SEPTEMBER/OCTOBER 2016

education and closing the gap between
the haves and have-nots. EdTech holds
the promise to reshape the future that
will demand diverse skill sets for new jobs.
At the end of the day, a better education is about leading a better life.
Since there are fewer jobs with lifetime
security, there is a need for lifelong career
enhancement.

The "Rewired Brain"
The World Economic Forum released
its New Vision for Education Report in
2015 that identified 'basic' foundational
literacies: reading, writing, sciences,
along with more practical skills like
financial literacy.

In July, this D.C.-based
startup raked in $40
million Series C funding
from investors like
Amazon CEO Jeff
Bezos and Alphabet
CEO Eric Schmidt. Its
platform empowers
K-12, higher education
and adults with courses
on Financial Education,
STEM Career Readiness
and Entrepreneurship.
The network has 3,300
partner organizations
that reach more than six
million annually.

I T I S I N N O VAT I O N

PHOTOGRAPH BY CHRISTOPHER FUTCHER/ISTOCK

 R

emember when teaching was limited to a classroom?
Well a new term has emerged, EdTech - the integration
of education with technology tools. EdTech facilitates
learning, making education delivery better, faster,
cheaper and more efficient - while also making it more engaging
and personalized.

The June $24 million
Series B funding was led
by the Chan Zuckerberg
Initiative. Founded
in 2014, its six month
training program has
nearly 200 graduates
now employed by companies including Google,
Facebook and IBM.



http://www.ABCmouse.com

i3 - September/October 2016

Table of Contents for the Digital Edition of i3 - September/October 2016

Contents
i3 - September/October 2016 - Cover1
i3 - September/October 2016 - Cover2
i3 - September/October 2016 - Contents
i3 - September/October 2016 - 2
i3 - September/October 2016 - 3
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